Russian stars have massively sell overseas property because of high taxes and lack of earnings against the background of the pandemic. This writes the “Moskovsky Komsomolets” with reference to the words of the producer Andrey Razin.

“Our artists and grab a few flats! And in Las Vegas three or four investments in real estate did. Previously, many wanted to meet old age in Miami, but now they realize that the bones should be thrown in Russia. They come to us. Now you will see the full relocation of our stars from there to here” — he said.

The producer said that he also has a house in the United States with an area of about thousand square meters. He has to pay 89 thousand dollars in the form of property tax instead of 44 thousand dollars, which were introduced previously. According to Razin, one of the stars is not ready to give that kind of money, so many will lose the property.

“All their property abroad under the huge impact, I wouldn’t be surprised if they just take away and give to the poor. All sold out now, but there is no need,” the producer added.

The Russian show-business currently suffers huge losses due to cancelled tours and concerts. For example, the singer Philip Kirkorov has already lost 50 million rubles.