Investment in russian real estate down 60pc
Investment in Russian real estate has plunged almost 60 per cent in the first half of 2014, according Jones Lang Lasalle.
The consultancy's latest report shows that uncertainity stemming from the crisis in Ukraine combined with looming economic stagnation saw investment plummet in the first six months of this year, as investors remain cautious.
Invetment has risen slightly as the year has continued, though, from $545 million in the first quarter to $845 million in the second.