Buyers from the North of Europe and from Russia, warm the market
This luxury segment on the coast concentrates the main activity of the sector
High standard properties by the sea and luxury Villas in the region of 1 million Euros are not falling but gaining value.” We are experiencing a high increase in the demand of top of the line dwellings” assesses the specialist in the real estate market.
Therefore, the movement we are experiencing now focuses on the most expensive properties.
RUSSIANS: BEACH OR BEACH
According to the experts Engel & Völkers, it is quite odd to see the call effect among foreign people. “There has been a pick up among the north Americans and Italians interested in Marbella, the Arabians are now once again interested in big plots just as this happened back in the 80´s”. Russians are looking for properties on the beach front in Catalonia or in Marbella like the richest Arabians” they added.
THE WEALTHY LOOK FOR BARGAINS IN EUROPE
According to Savills consultants, the big cities, among them European capital cities, are not only attracting international business, but they are the places chosen by an increasing number of multi millionaires interested in investing in the residential sector.
Source: Diario El Mundo
NEWS OF MANZANARES ABOGADOS · LAWYERS
1. Express eviction
2. Spanish Government cut VAT to 4%
3. General Elections in Spain on the 20th of November
4. The Banks hid the “ground clause”
5. Foreign investment in Spanish real estate grows
6. New record of evictions during the second trimester
7. Buyers from the North of Europe and from Russia, warm the market