Russia Attracting Investors

Russia was the leader among East European countries in attracting foreign direct investment into real estate in the first half of 2007, according to the latest research by real estate consultancy Knight Frank. A number of western investment funds and banks, including Morgan Stanley, Merrill Lynch, Goldman Sachs, Immoeast, Quinn Group, JER Partners and Rutley Russia, have recently announced plans to invest millions of dollars into commercial and residential real estate in Moscow, St. Petersburg and the other big Russian cities.