02:57 PM · Comments Off on Russian buyers over-take the Germans · Categories: News from Marbella Costa del Sol

When we analyse thoroughly the preferences of this group, we find that most Russians are searching for homes on the Mediterranean coast particularly in Torrevieja Alicante, Valencia and Murcia, where there is already a large colony of Russian citizens.

In second place is Barcelona, Marbella and just lately the Canary Islands, as outlined by statistical information requests received in one of the most favoured real estate portals in Russia.

As far as selling prices are concerned, 60% of the consultations are below € 100,000, 15% below € 150,000, another 15% below € 300,000 and a reputable 10% of consultations over 300,000 €.

In a nutshell, Russian housing demand in Spain has adopted a clear upwards pattern since the beginning of 2007 and they seek sun and well priced properties.

Furthermore there is a group of Russian citizens with high economic capacity and a specific requirement that we should not, for any reason neglect when we establish our strategy to capture demand from Eastern Europe.

All signals are this trend will continue in the coming years and who is to say if they get to oust the British and French position of the first and second position respectively.

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