Home Real Estate Russian Invasion in Ukraine Impacts NYC, Miami Real Estate

Russian Invasion in Ukraine Impacts NYC, Miami Real Estate

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Vladimir Putin (Getty/Illustration by Kevin Rebong for The Real Deal)

Russian President Vladimir Putin’s invasion of Ukraine has set the stage for global economic turmoil and sanctions whose impacts will stretch to the U.S. real estate market.

The invasion has led the U.S. government to join its allies in moving to freeze the assets of Russian elites close to Putin, and will likely slow real estate investment from both countries.

The full extent of the sanctions is still being determined. Russian and Ukrainian buyers represent a small part of the overall U.S. real estate market, but experts agree that it will become more difficult for many Russians to do business in the U.S. Those difficulties will depend on the way in which the international community pursues further sanctions, but loan approvals and property sales could be delayed as the crisis intensifies.

Any transaction involving Russian oligarchs — who have purchased some of the priciest…

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