St. Petersburg International Property Show

St. Petersburg International Property Show

To be hosted at the Lenexpo in St. Petersburg – the second largest city in Russia and the third largest city in Europe.

The exhibition will be held on 30 & 31 March 2012.  This international event will give Property Developers and International Real Estate Agents a superb opportunity to present their latest developments and properties directly to a carefully selected audience of high net income potential Russian clients.

We look forward to meeting you at the St. Petersburg International Property Show at the Lenexpo, St. Petersburg, Vasilevsky ostrov, Bolshoy prospekt, 103, pavilion #4, map 30 March – 12:00 – 19:00 and 31 March – 11:00 – 19:00

With the coming of spring, marks an important and traditional period in St. Petersburg with the International Property Show.  Bringing forth the possibility of new businesses and the study of existing and new markets.  All these factors attract both potential clients, interested in buying international properties and professionals involved in the real estate market from all over the world.

It is expected that there will be more than 160 participants at the Event.  Among them there will be Real Estate Agencies, Developers and Consulting Firms.  The keen interest on the St. Petersburg Event can be easily explained.  The first reason is that St. Petersburg is the second largest market in Russia.   According to statistics, 40% of all buying in the international property market is made up of residents of St. Petersburg and the Leningrad region; the second reason is that over the years demand has increased considerably.  Whereas at the beginning visitors were simply viewing the offers were available, today visitors come with a precise aim for investing their money.  They are familiar with what’s available in the market and therefore very shrewd when investing; another important advantage of the Russian market is the ability that investors have in purchasing on a cash basis, in fact the number of deals with mortgages in Russia drops every year.  According to experts, to a large extent the increase in demand for International property was provoked by the global financial crisis.  As the stock markets begin to level off, property prices still remain low, and real-estate experts observe an ever increasing demand for investing in overseas properties.

With regards to geographical preferences, there’s seems to be an intriguing tendency.  Together with the traditional destinations of interest which for St. Petersburg are Spain, Bulgaria and Finland.  Potential buyers are now also looking at the USA, Canada and the Dominican Republic as well.  The exhibitors from these countries which took part in the last International Property Event in St. Petersburg were very pleased with the positive interest shown to their offers, with stands being very busy with the visitors enquiring about both the destination and the conditions for buying a property there.  According to some participants, this initial interest will soon transform into a specific demand.  That’s a typical characteristic of a St. Petersburg client, who first analyzes the information at hand, before endeavouring into an investment.

In general, there’s an obvious evolution of demand for International property in St. Petersburg, and the market can be characterized as very flexible and always in motion.