Russian real estate investment drops 60% in first half of year

Russian real estate investment: Investment in Russian real estate fell by almost 60% in the first half of 2014 due to fears of economic stagnation, volatility in the rouble exchange rate and uncertainty emanating from the crisis in Ukraine, according to a report compiled by consultancy Jones Lang LaSalle. While investment plummeted by 73% year on year in the first quarter it has since recovered slightly, rising from $545 m in Q1 to $842m in Q2, 36% down on last year. St Petersburg Times