2011-08-03bloomberg.com

``In Russia, it's a status thing now," Jorge Uribe, a real estate agent with One Sotheby's International Realty Inc. in Coral Gables, Florida, said in a telephone interview. "If you're wealthy and you say you have a place in Miami, it's like saying back in the old days, ‘I own a place in Ibiza or Monaco.' It's a cocktail conversation thing."''



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