Russia, officially the Russian Federation, is the largest country in the world, spanning two continents, eleven time zones, and possessing vast natural resources. Emerging from the dissolution of the Soviet Union in 1991, the country underwent extensive changes which transitioned it from state-control to capitalism. After the deep depression which persisted until 1998, Russia experienced impressive economic growth, garnering the interest of investors globally.
Despite the economic downturn in the past two years which caused negative growth, increased inflation, and hindered foreign investment, most companies with existing investments are not planning to reduce their presence. Moreover, the investment climate in regional Russia has improved, while Moscow maintains its position as the principal property market. In commercial real estate, the office and retail markets continue to exhibit the greatest potential and growth. High interest persists, and investors are eager to step up investment upon the first signs of recovery. It is now the ideal time to navigate this emerging market and hone the ability to capitalise upon its tremendous opportunities.