The Russian buyer changes quantity for quality.
Market Recovery
The Spanish real estate market is slowly recovering its rhythm, and this is partly associated with a foreign investment increase, which has increased by about 13%.
One of these main investors is the Russian market, the depreciation of the Ruble in these years has slowed operations, however, in 2016 has recovered the investment, and this 2017, the value of the Russian currency has increased, so the expected investment is higher, as well as the amount of tourists who come to visit our country, attracted by prices, and by the oasis of security and tranquillity that Spain offer.
Russian client
The Russian market has become the last years in one of the most important internationally, and also in our country. Real estate companies are looking for a faithful and very interested customer, and the Russian buyer fits into this profile. Spain Costas is not out of this trend, and as a company offers all necessary services to the Russian buyer, with native agents, and with exclusive properties.
This kind of Russian buyer requires very special services, due to the cultural and linguistic barrier they have; English language is not as fluent as it should be for Russians and Spaniards for this kind of serious transactions, and this is a problem that Spain Costas solves. Undoubtedly, it is a very attractive client prototype for the Spanish seller.
Since 2007, the real estate purchases by Russians in Spain has not stopped growing, nevertheless, it has undergone an evolution that has led it to reduce the quantity to increase the quality; Russians no longer buy so much, but they invest in properties with much more level, partly attracted by the possibility of obtaining the residence visa in case of purchases over than half a million euros.
Russian client usually comes first on vacation, before taking the decision of making a high-level investment. It is a profile that values a lot to be able to acquire a place to spend the holidays with family and friends, and value the stability of the Mediterranean coast market, since it is one of the few places without terrorism, with paradisiac landscapes and with an exponential increase of tourists.
It is also very important to add that Russian client is usually moved by contacts, whether relatives, friends, or people from their country that can help them to acquire a property. Unlike other nationalities more accustomed to believe in advertising, Russian market does not follow this constant with the same power.
This type of buyer usually acquires these properties to house the family; so that the children can have a high level education in Europe, and as a business; since those properties are usually rented to other civilian coming to spend the holidays.
Juli Alsinet Hernando || Barcelona