Rostov-na-Donu, Saratov and Volograd are the new emerging cities to watch in Russia, according to Simon Marx, head of real estate forecasting at UK-based research firm Experian. Other second-tier cities in Central and Eastern Europe with populations of over a million and good growth prospects are Izmir (Turkey), Adana, Turkey and Kazan, in the Republic of Tatarstan. With a population of over three million, Kiev is also experiencing strong growth, he added. 'Kiev is still seeing yields of 10% compared to 5% in more mature markets in Central and Eastern Europe.'
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