Fewer Russian citizens to buy property in the Baltic countries, reports. As the specialists, this trend is associated with the deterioration of relations between Russia and the West after the events in Ukraine.

Head of analysis and market analysis, Lithuanian organizations Ober-Haus Saulius Wagons in conversation German media company told me that before the Ukrainian falling residents of the Russian Federation is much more actively purchased residential area in the Baltic States. Russian citizens were attracted by low prices and resident status, giving the possibility to obtain a residence permit in the EU.

" Citizens of the Russian Federation preferred to purchase apartments or buildings, located in the so-called " bedroom communities " of cities, or apartments in the city centre. The cost of such housing in the range of 70-150 thousand euros (90-190 thousand $). In Palanga, Druskininkai until now the most commonly purchased small apartment up to 100 thousand euros (125 thousand $) ", told Wagons.

according to expert reviews, the interest of the citizens of Russia to the purchase of apartments in the Baltic States will be depending on relations between Russia and the West.

if the crisis between the EU and Russia will escalate, Citizens of Russia have the opportunity to start to be cautious with investments in real estate in the Baltic countries ", said the expert.

sections: Politics