Innovation in elite real estate trading: European school and Russian nuances
The share of luxury real estate in real estate branch of national economy is estimated. Comparison of luxury real estate in Europe and Russia is made. The focus is made on the difference of investors’ requirements to the object of purchase. Innovations in luxury real estate are studied with the accent on old and new markets. The impact of the financial crisis on the luxury real estate markets is also evaluated. General trends and changes of ratings in this field are revealed on the background of «new wealth» demonstrated by billionaires whose number was increased considerably as a result of the crisis.