Russian Real Estate - After the announcement of Sochi the capital of Olympic Games for 2014 in 2007, the growth of price for Sochi real estate has practically approached the level of Moscow. Today, according to assessments of the management of Мodus investment-building company, the real estate market of Krasnodar region takes the second place in investment attractiveness in Russia after Moscow, having outstripped St.-Petersburg and Yekaterinburg in its competitiveness.
While expecting the decision of the International Olympic Committee (IOC) and after its announcement, Sochi real estate prices grew by 10% per month while growth of the capital market during 2007 did not exceed a mark of 1-1.5 % per month
