Russians Buy $245 Mln Worth of Australia Property

© RIA Novosti . Alexander Yuriev / Go to the mediabankRussian citizens bought real estate worth $245 million in Australia last year
Russian citizens bought real estate worth $245 million in Australia last year - Sputnik International
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Russian citizens bought real estate worth $245 million in Australia last year, Australia's Foreign Investment Review Board said on Tuesday.

Russian citizens bought real estate worth $245 million in Australia last year, Australia's Foreign Investment Review Board said on Tuesday.

Russians ranked sixteenth in a list of buyers of Australian property last year, the board said in its report. The top three buyer nations are U.K. citizens in first place, spending $4.6 billion, the Chinese in second with $4.09 billion and U.S. citizens third with property purchases worth $3.4 billion.

Non-residents of Australia purchased property worth of total $41.513 billion last year, double the figure for 2010.

Russian investment in property abroad will amount to $12 billion in 2012, almost the same volume as last year, Gordon Rock international real estate agency has forecast.

 

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