Property News

Further evidence of Russian investor interest in Spanish property

Further evidence of Russian investor interest in Spanish property
A recent survey reveals further evidence of the Russian investor market’s interest in Spanish property, reports experts in Marbella property and property on the Costa del Sol, La Concha Living.

Real estate magazine International Residence, which is aimed primarily at a Russian readership, carried out a survey at Moscow’s International Investment Show which polled hundreds of visitors about their top global locations for real estate investment in the current market. Spain, Turkey and the United Arab Emirates (UAE) came in as the top three destinations high on the wish list of property investors. When asked what would be the primary purpose of their property purchase, 53% of the Russian potential investors polled said that it would be a lifestyle investment which they could also use themselves. Svetlana Andryukina, Editor of International Residence, said “We publish 35,000 copies of our magazine twice a year, and have definitely noticed that there is a renewed interest from our readers for leisure real estate”.

A spokesperson for La Concha Living, agents specialising in property in Marbella and the wider Costa del Sol stated: “Russian investors are renowned for being among the first investor clients to spot a market ripe for investment, so it comes as no surprise that Russians see the current growth potential of the Spanish property market. When it comes to finding an investment property within the leisure real estate market, you can’t do much better than an established tourist destination such as Spain, which is enjoying booming tourism figures while much of the rest of the world’s tourism sectors are either stagnant or in decline.”

Marbella and Puerto Banus are some of Spain’s leading resorts and are therefore among the world’s most sought-after leisure real estate markets. 1592063732 Marbella apartments and Marbella villas in prime locations and on sale for realistic prices are continuing to be targeted by investors, with canny Russian investors being once again ahead of the curve.