Let’s assume that the required amount is not yet available, and you will save. Investments are a way to accelerate capital growth, but you need to choose the right tools.
First of all, it’s worth understanding where your future “dream house” is located – in Russia or abroad – the currency for savings will depend on this.
What you definitely shouldn’t do is invest in housing in Russia, hoping to then buy real estate abroad, says Valery Emelyanov: “Real estate in Russia in foreign currency often gives a negative return and lags behind foreign real estate in growth rates, if you count over many years in dollars and euros. If there is a plan to buy something abroad, then the amount of this purchase must be immediately saved in hard currency, invested in foreign currency, or at least tied to foreign currency assets: shares of exporters, Eurobonds and their analogues.”
If you do not yet have the status of a qualified investor, and purchasing some foreign securities is not available to you, you should choose instruments that provide protection against devaluation.
“It is quite appropriate to save for a house in Europe through bonds in yuan, bonds pegged to dollars, as well as in shares of metallurgists or gold purchased for rubles. The main thing is that the portfolio has a clear emphasis on foreign exchange returns.”
Are you looking at real estate on the Russian seas? Then the main thing is to get ahead of inflation, which drives up housing prices. In principle, any high-quality instruments will do, but again it is better to focus on stocks, the expert explains. And the further the goal is – say, a purchase no earlier than in 5 years – the more shares you can take and the fewer bonds.