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Spanish Property Finders

I came across Spanish Property Finders and Developers after going to Spain on many occasions chasing the return of my deposits on some failed off-plan developments. I found that you can get some good deals in Spain right now due to the adverse market conditions. I was representing our Action Group seeking the return of our deposit funds through Spanish Solicitors when I came across some spanish real estate deals that we could have only dreamed of when we put our deposits down on our off-plan properties. I asked the Action Group if anyone was still interested in buying in Spain and 25% of them said they were, especially since there are some good deals around right now. This blog gives some of the information I have been obtaining to pass on to our Action Group members.

The Russians are Coming (already there actually!)
06 February 2013 @ 23:13

 

Russians now the second biggest Spanish property buyers after Brits

A new survey has revealed that, while British buyers remain the most likely to buy property in Spain, Russians are fast becoming the biggest major competition.

Russian buyers are now the second biggest group in Marbella investment, overtaking their German counterparts, according to research from the Malaga Developer's Association, with those keen on investment having plenty of financial firepower.

Russians making up nine per cent of buyers, ahead of the Germans with seven per cent.

British buyers have still retained the top spot, with a huge 35 per cent but there is no doubting the growth of Russian investment in parts of Europe such as Spain.

Russian buyers have already purchased a wide range of luxury properties in European cities such as London before now and the signs are there for increased integration in Marbella too.

Indeed, there are plans in place for the largest Russian Orthodox Church in Spain to be built ten kilometres to the west of Marbella while local tradespeople are getting to know the language and the culture so as to cater to the market.

What's more, Spanish consulates in both Moscow and St Petersburg have seen a sharp rise in the number of staff needed in order to process visas for its countrymen wishing to visit Marbella and invest.

It could be that this investment upturn, coupled with the consistent demand from British buyers, ensures that the Spanish property market makes a recovery from what, in some areas, has proved a testing time.

According to the Global Property Guide, Tinsa's general price index had dropped by 10.8 per cent in June of last year, based on the same period the year before.

The index also found that house prices in Spain had dropped by around 30.4 per cent from the halcyon days of December 2007, suggesting there are bargains to be had in certain areas of the country. International Property and Real Estate News from Propertyshowrooms.com

2013-01-31 17:02:05

Edited News originally by Propertyshowrooms.com



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