Despite the fact that there is still an abundance of spare cash in Russia, and real estate continues to be a key defensive asset, market participants have been noticing signs of cooling even in the most dynamic segments — offices, warehouses, and the hospitality industry — since December. In a series of CRE Plus articles, the country’s leading experts continue to explore where it is still worth investing in 2025, and where it is no longer worth it. They analyze how approaches to investments, their models, and expected returns are changing, why some seemingly promising instruments still raise doubts among investors, and why shares in mutual funds are called “the most feminine product.”
In the new issue of CRE Plus, Arina Dovzhenko, Partner and Head of the Real Estate and Construction practice at Nordic Star, shared her views on one of the most promising, but still undervalued segments — the hotel business. Her analysis offers a fresh look at the opportunities and risks that could become key for investors in the coming years.
The material is available by subscription.
*If you want to access this issue, you can contact marketing@nordicstar.law.
** Don’t miss the chance to find out what trends and strategies will shape the real estate market in the coming years.