Russian property stabilises after an icy plunge

The Russian real-estate market swooned after the crisis, with a 77% fall in property deals and the size of those deals falling by 50%. Well, if you were an oligarch, wouldn't you prefer to live next to London's Regent's Park than a leather tannery in Irkutsk? Local IPO plans for property vehicles were shelved, construction companies went bust and some fundraisings for property flopped. Aberdeen Asset Management didn't raise anything for its mooted fund, although East Capital managed t…