By Kim Velsey 5/21/12 10:22am

More Rubles Than You Know What To Do With

Time to buy an apartment (ermakov, flickr)

The Russians Are Coming! (For Our High-End Real Estate)

Buyers are already starting to despair when it comes to finding ultra high-end New York properties, especially after casino king Steve Wynn reportedly snagged the $77.5 million duplex penthouse at the Ritz-Carlton.

And in the future, the market may get even tighter for buying-crazed billionaires, with a new crop of Russians and Ukrainians eager to snap up trophy properties, a new CNBC video warns. Read More

By Tom Acitelli 7/11/08 3:20pm

You're Not Imagining That Russian Buying Spree

From the Wall Street Journal this morning:

In New York City, foreign buyers now make up about 15% of the market, with Russians the largest contingent, says Hall Willkie, president of real-estate firm Brown Harris Stevens. "A few years ago we didn’t see any Russians," Mr. Willkie says. "But now, especially at the high Read More