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Russians 3rd Biggest Real Estate Buyers in Italy

Published: July 4, 2014 (Issue # 1818)



  • Italy remains a popular destination for Russian tourists and home buyers.
    Photo: Giuseppe Milo / Flickr

Russians make up the third-largest group of foreigners who buy real estate in Italy, after Germans and Brits, and Russia's souring relations with the West seem to have had no bearing on the rising number of Russian tourists, the Italian ambassador to Russia said in an interview published Thursday.

The share of Russians among foreign real-estate owners increased from a mere 2 percent in 2005 compared to 13 percent last year, Ambassador Cesare Maria Ragaglini told Interfax.

"As far as regulations go, Italy is a very progressive country and Russians are guaranteed the same rights as Italians," Ragaglini was quoted as saying. He added that the rules were not going to change despite Western sanctions brought against Russia for its policies in Ukraine.

The number of Russians visiting Italy increased by 18 percent in the first three months of this year, Ragaglini told Interfax, presumably comparing to the same period in 2013. The number of visas issued to Russians has also increased by about 14 percent, he said.

Ragaglini said that the cooling of Russia's relations with the West was unlikely to affect the flow of tourists, though the Ukrainian crisis and weakening of the ruble might.

He credited Italy's practice of issuing tourist visas faster than many other nations with the continued flow of vacationers, adding: "I think a majority of Russians would not turn down a vacation in Italy," Interfax reported.





 

ALL ABOUT TOWN

Wednesday, Sept. 3


Although the Peter and Paul Fortress sand sculptures are more central and therefore more visible to the throngs of tourists, the 300th Anniversary Park of St. Petersburgs own collection closes today. The World Collection of Sand Sculptures that have been on display at the park reaches its final day, so fans of the classic beach activity should get there while they can.



Thursday, Sept. 4


Vladimir I. Danchenkov, Head of Baltic Customs, will be in attendance during AmChams Customs and Transportation Committee Meeting convening this afternoon at the organizations office near St. Isaacs Square at 3 p.m.



Friday, Sept. 5


Scrabble lovers and chess masters get their chance to assert their intellectual dominance at the return of the British Book Centers Board Game Evenings tonight. Held weekly on Friday nights, the event gives both board game lovers and those hoping to improve their English the chance to meet, greet and compete. Check out the centers VK page for more details.



Saturday, Sept. 6


Athletes will relish the chance to get the latest gear and try out something new at I Choose Sport, an annual event at Lenexpo forum that plans to welcome more than 30,000 people this week to the international exhibition center. Not only will visitors get to try their hand at various athletic endeavors but they will also be able to peruse equipment that can fulfill their dreams of becoming a champion.


Local KHL team SKA St. Petersburg open their season this evening at home against Lokomotiv Yarovslavl at the Ice Palace arena next to the Prospekt Bolshevikov metro station. See their website for a full schedule and available tickets.



Sunday, Sept. 7


Check out retro and antique cars at Fort Konstantin on Kronstadt Island in the Gulf of Finland at FORTuna, a yearly car festival that highlights the eccentricities of the Soviet automobile industry. A car race, contests and a stunt show will give visitors a chance to rev their engines.



Monday, Sept. 8


This evening marks the opening of the two-week ballet festival High Season at the Mikhailovsky Theater. Check the theaters website for more details about performances and featured dancers.



Tuesday, Sept. 9


Discuss the latest news and issues at the AmCham Hazardous Waste Management Roundtable this morning in the Tango Conference Hall of the Sokos Hotel Palace Bridge on Birzhevoy Pereulok. Starting at 9 a.m., planned topics include the Krasny Bor landfill and waste transportation between Russia and Finland.


Learn more about the citys modern architectural trends at the SPIBA Real Estate and Construction Committees meeting on the topic Contemporary Petersburg Style: What is It? Participants will get the chance to discuss whats in-demand with RBI Holdings Irina Petrova and Lubava Pryanikova, and the current state of the local real estate market. Please confirm your attendance by Sept. 5 through SPIBAs website if you wish to attend.



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