Real Estate Crimea Investment

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testyy

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I'm a maths undergrad hoping to get into Investment later on, currently at Edinburgh uni. My Parents(My mum is Russian) are watching the Crimean crisis and they want to invest in Crimean property. My mum argues that this was the top resource for Russian back in USSR (as well as Sochi), so even though it will not attract European tourists a lot of Russian speaking population will be going there. And not just on holiday, but to live permanently as well ( It is a tax free zone in Russia) . Putin wants to make it a Gambling resort, making it one of the only legal gambling sites in Russia. Crimean GDP per capital is 3-4 times less than Russian GDP, so the Crimean Economy is more likely to grow faster due to "Catch-up effect". There might be a property rights issue because it is not recognized as russian by the international community. What do you guys think?
 
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How much will a house be worth once a tank has driven through it?

I'd watch carefully for a few months, its certainly not going to go up in price again any time soon ;)
 
We are going to Crimea in the summer to talk to the locals,particularly those in Yalta. and if everything goes well make a decision. I don't really think there is going to be war because the losses would be catastrophic for both sides.
 
Make a weeds grow house there. That'd definitely make you some cash.
 
only russian turists can go to crimea. in my country its prohibited by law to sell trips to crimea.
 
Sounds like a high risk - high payout kind of an investment. So only invest money you can afford to lose. It really depends on what will happen to that place later. I personally wouldn't invest in anything that depends on Russia, because it's just too fickle and I really have a distaste for Putin's politics.
 
No risk no reward. I think it's a good Idea if your russian and have a way to enter and exit that area safely.
 
viivii said:
only russian turists can go to crimea. in my country its prohibited by law to sell trips to crimea.
Click to expand...

BS, Russia will let even Americans visit Crimea and spend money there and sell trips.

Russia is a great country to invest money in, just a bunch of cry babies in the west started some propaganda that should be ignored when it comes to investing.
 
Capo Dei Capi said:
BS, Russia will let even Americans visit Crimea and spend money there and sell trips.

Russia is a great country to invest money in, just a bunch of cry babies in the west started some propaganda that should be ignored when it comes to investing.
Click to expand...

Is Mafia 3 any good?
 
Capo Dei Capi said:
BS, Russia will let even Americans visit Crimea and spend money there and sell trips.

Russia is a great country to invest money in, just a bunch of cry babies in the west started some propaganda that should be ignored when it comes to investing.
Click to expand...

Lol, thanks for revealing the truth.
 
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