Tag Archives: real estate

Wealthy Russians Have Completely Taken Over This Cyprus Beach Town

19 Mar

The tiny island country of Cyprus is in the spotlight this week for a surprise bailout plan that was specifically designed to tax deposits held by Russian gangsters and oligarchs.

You see, wealthy Russians love the country’s lax citizenship requirements, which provides an easy way to get black money into the European Union.

But that can’t be all that Russians love about Cyprus, right?

The Mediterranean nation is home to more than 10,000 Russians, notably in the coastal city of Limassol, which is home to several Russian schools, Russian-language newspapers, and boutiques that sell some of the world’s best mink coats.

russian3

russian oligarch cyprus

russian oligarch cyprus

Read more: http://www.businessinsider.com/russian-oligarchs-vacation-in-cyprus-2013-3?op=1#ixzz2O04h9LS2

Why Miami Is Becoming the ‘Russian Riviera’

27 Feb

Miami Waterfront Homes.

Miami Waterfront Homes.

On a recent afternoon, Miami real-estate agent Jill Eber is taking a Russian millionaire on a mansion-shopping trip.

“This is the Versace Room,” Eber says, walking into a vast living room of blue velvet sofas and gold French Imperial lamps. “It really makes a statement.”

The mansion, “Castello del Sole,” sits on an exclusive island on Miami Beach and has eight bedrooms, nine baths and a three-story foyer with fresco ceilings. The grounds include two yacht docks, a tennis court, guest villas, a five-car garage and a lagoon-style pool with over 100,000 gallons of water.

The asking price: $37 million.

“I like it,” says the Russian buyer, sliding on her Gucci shades as she admires the water views. “It’s a maybe.”

Click here to read the complete story