Putin Begins Big Plans for the Sochi 2014 Games

Russian President Vladimir Putin has begun talks with government officials in the Kremlin to discuss preparations for the Sochi 2014 Winter Olympic Games.

Set in a spectacular location, on the coast of the Black Sea and at the foot of the Caucasus Mountains in southern Russia, Sochi is revelling in the opportunity to grow and thrive as an economic hub since winning the bid for the 2014 Olympic and Paralympic Winter Games.
Putin played a key role in the bid for Sochi and winning the honour of host city will mean a great deal to the areas infrastructure and foreign direct investment. Kremlin spokesman Dmitry Peskov said ‘the president is continuing to pay a lot of attention to the issue of Olympic preparations.’

The Russian Government’s long term plans for the redevelopment of the region is already in full swing and officials want to raise $390 million for the project. The investment will create a world-class resort destination, where millions of sports enthusiasts and other tourists from around the world will have the opportunity to enjoy brand-new, facilities.

Property research shows that Sochi has already seen a 60% rise in property investment since the beginning of the year and the announcement pushed prices up by a further 13%. According to Russia Today, experts predict by 2014 property prices in the resort will be double the cost of housing in Moscow.

For more information on overseas property investment opportunities and to find out about Obelisk International’s latest projects, contact: Obelisk International on 0808 1600670
Or email info@obeliskinternational.com or visit our website http://www.obeliskinternational.com/