THE RUSSIAN ECONOMY is booming. Thanks in large part to record oil prices, GDP is forecast to grow by 7% this year. Average wages grew by 20% last year, and an average of 12% over each of the past five years. And despite volatility in October and November, the stock market is still up around 40% since May. Unsurprisingly, the real estate market has been doing very well too.
Moscow apartment prices, for example, are growing at an annual 30%.
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