developments – Tenerife Property

Russians buying more property than the British in Spain

November 2, 2011 – 9:50 am

Russians buying more property in Spain, particularly in Tenerife, the Canary Islands and Alicante,

Russians have taken over from the British as the biggest buyers of holiday homes in Alicante province, at least for one month this summer.

The majority of homes sold in Alicante this August were bought by Russians, reports the Spanish press.

The information comes from Jesualdo Ros, head of the regional developers’ trade body, who also said that Brits have fallen behind Scandinavian, Dutch and Belgian buyers.

Russians are said to be buying on some of the most up market developments, as well as some of the cheapest.

With a glut of 18,000 new homes to sell in Alicante, the Russians are being welcomed with open arms. Certainly we are seeing a similar rise in property purchases in Tenerife and the Canary Islands from Russians too.

By Angela | Posted in Economy, General, Health, Holiday, Inspirational, Miscellaneous Articles, Property, Tenerife, Things to Do, Weather | Tagged Alicante, Belgian, Brits, buyers, Canary Islands, cheapest, developments, Dutch, homes, press, Property, Russians, Scandanavian, Spanish, Tenerife, up market| Comments (0)

British buyers head property sales in Spain

September 13, 2011 – 12:04 pm

Brits ahead in race for prime property in Tenerife and Spain

Bargain hunting Brits have shot to the top of the property buyers’ league in Spain after years trailing behind Scandinavians and Russians in the race to secure “the best deals for a decade”.

There are more British buyers than Spanish nationals on some prime developments in favourite areas like Costa del Sol, Costa Blanca, Tenerife and Mallorca, as they cash in on the “buyers market” scenario of lowest prices, lowest interest rates, lowest taxes and highest loan to value deals – up to 107% of the asking price.

Source: Property in Spain