Since 2008 cash rich Russians buyers have been flocking to Spain to buy all types of properties and investments. It is estimated in the last four years alone overseas property investors have spent over 2 billion euro in the Alicante region alone. This is mainly down to Alicante airport being easily accessible and location is everything when it comes to the cash rich and savvy Russian investor.
Facts from the Russian embassy estimate the 2 billion investment is down to falling property prices in Spain and in particular the Alicante regions. This is because of the location and so many luxury properties within a hours drive of the airport giving the cash rich Russian buyers so much choice to choose from.
This investment has boosted tourism in the region and helped improved the local economy by creating jobs in the tourism sector. For some reason the Russian citizens love this region of Spain. Some are golfers looking to buy near the golf complexes. Some just want to buy for lifestyle but all want to buy for better climates and they like to be able to step of a plane and be no further than a hour from their new property.
Each year 2 million cash rich Russian tourists and property investors fly in to holiday and buy property in the country and many of the tourists re visit to buy their piece of Spanish Culture. When the Russian tourists visit it is normally for 3 weeks at a time much more than the other European buyers or the UK or Irish buyers and investors. And each time they visit more cash rich Russians leave having purchased their own property in the Alicante regions of Spain.
Last year seen more direct flights launch from Moscow and St Petersburg direct to Alicante and if you take a walk down the high street or visit the local businesses websites they all have now translated their web pages to Russian to attract the new business from these high net worth individuals.
Estate agents who market to these buyers via the Russian property shows also sell more property than local high street estate agents who simply put your property on a single website and hope for the best.
2016 will see the Costa Blanca region become the most popular Costa in Spain for cash rich Russian investment.
If you are ready to sell your property in Spain put an enquiry in and contact us today and one of our Spanish property experts will contact to discuss your property and get feedback on the right price to sell for.
Through our marketing strategies we are selling direct to Russian buyers on a ongoing basis through our network of hundreds of partner agents based in Moscow and St. Petersburg. The only UK & Irish on line estate agents selling property in Spain