Words: Ashley Rigg
Published: 26th October 2011
*Russians overtake Brits as biggest buyers in Alicante
Russians have overtaken Brits as the biggest buyers of holiday homes in the region of Alicante in Spain according to new figures published this week.
According to Jesualdo Ros, head of the regional developers’ trade body, the majority of homes bought by foreigners in Alicante in August were Russian. The British have fallen behind Scandinavian, Dutch and Belgian buyers says Ros.
Figures
from the Fuente Colegio de Registradores published in August showed the number of Russian buyers in the whole of Spain was up 19% on 2010. However, in absolute terms, the number of Russian purchasers still lags British buyers by a factor of nearly three to one. Russians were the fourth most prevalent group after British, German and French buyers.
Ros reports that Russian buyers in Alicante are currently buying both high-end developments at the top of the market and bargain basement deals at the lower end.
Editor’s note
For those interested in attending the
Russian Summit, the absolute deadline for printing and production is Tuesday 1st November.
Source: Developer Trade Body
User Comments
We are also seeing a rise in Russian buyers in SW Florida. Our airport has non-stop service from Dusseldorf (DUS-RSW) making it an easy trip across to the Gulf of Mexico's white sand beaches in Ft. Myers, Cape Coral, and the islands of Sanibel and Captiva. Our real estate prices are much less that those in Europe and international buyers are finding a wide range of waterfront homes and condominiums for either second homes or income producing rental properties. Pool homes start in the low $100K! Feel free to search at www.beachballproperties.com
Susan Ball,
Coldwell Banker