Early indicators of Russian pullback in actual property
“Any Russian who wished to return right here is not going to return,” stated Liz Elliott, an actual property agent with Echo Fantastic Properties in Martin County, Florida, simply north of Palm Seaside. Already, a Russian consumer backed out of a deal she’d been engaged on.
Why it issues: Observers of the U.S. actual property market are watching to see how new financial sanctions — on oligarchs, but in addition on monetary transactions involving cash from Russian banks — will impression gross sales.
- Extra broadly, the early indicators of skittishness present how the impression of sanctions may unfold to elements
