Russia may once have been a superpower, but the collapse of the Soviet Union and the financial crisis of 1998 mean that property markets in the country are in the process of re-growing. As this is the case, it is the perfect opportunity for any investor looking for off plan sites in a growing market. While land and property in Moscow tends to be very expensive, opportunities are rife in European Russian areas along the West of the country, with cities such as Yekaterinburg, Kaliningrad, Perm, Samara, and Ulyanovsk offering properties that are far cheaper than Moscow thanks to massive price deflations in the 90s, but are areas that show the kind of growth attributed to the European markets. St. Petersburg, whilst not as expensive as Moscow, can still be quite pricey – though when compared to major European cities it is relatively cheap. There are also investment opportunities in resort towns such as Sochi, which with its subtropical climate is an expanding tourist hotspot and would be almost guaranteed to have an excellent market growth.

As Russia has re-steadied itself economically over the last few years it has shown growth where there should be growth – with GDP on the constant increase, inflation going down and the rate of unemployment ever falling. Whilst things are looking up for the nation, to keep this level of growth going the government will have to entice foreign investors and buyers into Russia – all of this points to an ideal buying market for the potential off plan developer, with economic reform meaning the country will more likely than not carry on with this growth spurt it has been experiencing since the crisis of ’98. The sheer size and diversity offered up by Russia almost guarantees that the property market will grow exponentially – whilst it isn’t the most common place a person would think to invest in off plan opportunities, it is by no means a bad idea.