by Roberta Murphy
There’s no doubt that uber-wealthy Russians love luxurious homes–and are willing to pay billions of roubles for well-placed mansions, townhomes and luxurious estates.
In Moscow, where luxury buyers are enriched by petrodollars and enthused by strong consumer confidence, a young and wealthy businessman recently paid 2.5 billion roubles ($99 million) for a Moscow town home near the Kremlin. Setting a new Moscow record, this seven-story apartment boasts 1300 square meters of undisclosed luxury and sits near the Kursk railway station.
Russian luxury home buyers, though, invest without borders.
Donald Trump’s Palm Beach estate, was originally listed at $125 million, but Dmitry Rybolovlev, one of Russia’s wealthiest businessmen, closed on the estate at $95 million. Forbes, by the way, pegs Ryobovlev at #59 with an approximate net worth of $12.8 billion on its list of world billionaires. The fate of Trump’s former mansion? It is reported that Dmitry Rybolovlev intends to tear it down and build another.
Another Russian waterfront buy recently occurred on Britain’s ultra-exclusive Sandbanks Peninsula. There, an unnamed Russian businessman paid almost $9 million for a 5-year-old Sandbanks mansion that he, too, intends to tear down. Replacing the existing home will be an ultra-contemporary glass-fronted home–with a helipad on the beach.
Sandbanks, by the way, is listed as the fourth most expensive place in the world for real estate.
I can’t help but wonder if any of these Russian real estate investors might be interested in some of San Diego’s prime real estate. There is an exquisite Del Mar estate on 5.5 acres pf oceanfront property priced at just $76 million–or 1,952,363,937.376 Russian Roubles.
And of course, if an investor should be interested in this wonderful investment opportunity, or any others for that matter, please feel free to give me a call at either 877-818-8197 or 760-402-9101.
HT:
Moscow super-rich pour millions into luxury homes | Oddly Enough | Reuters
Roberta,
Small typo – I think that Rybolovlev paid 95 Million, not 95 Billion 🙂
Other than that, great article – we here in the UK are no strangers to Russians investing in luxury property – London has always attracted a global crowd, and it’s good to see Russians joining us.
Hello,
Am Mornevert the writer. In these symbolic moments of the 400th anniversary of Quebec and de facto America, I am carrying a special research with special people. I am the owner of the oldest manor in the North America, Maison Rouge, near Quebec. I am looking for a buyer, who could pursue the life of this American icon and this wonderful paradise. 45 min from NY or Boston, only minutes from the Royal Golf of Quebec, the ski stations or the historic old town of Quebec.
The house dates from 1608 (granted thereafter by Mr. Chesnay de la Garenne in 1652/1657), on the left side of the picture, 1764 for the central part and part was added in 1940 and a nuclear shelter ( 300 m2 in the mountains). This is unequivocally the oldest habitable building on the North American continent. It was restored in 2005-2006, with standards the most restrictive in terms of luxury, insulation, electricity and ecologic heating (heat pump system of hydroelectric). It is living without work. There are additional land (slightly less than one hectare called “the plateau”) a beautiful reserve of constructible land available like financial reserve. We sell separately but, given the scarcity of land border and overlooking the St. Lawrence river, we would be willing not to separate them.
Thank you for this enlightening post. Well done.