Russian – Tenerife Property

Spain’s luxury housing market remains bouyant

September 1, 2011 – 4:44 pm

Tenerife prime property holding price well once more

Spain’s luxury residential market is showing some resilience as Eastern European and non-mortgage buyers surge into the market, according to new research.

New reports from Lucas Fox International Properties show that the average prices in the areas remain way above the national average.

And as finance becomes less scarce the luxury market has shown more strength than others.

Russian buyers are particularly active in Barcelona according to marketing director Anthony Leaton.

Source: OPP.org.uk

By Angela | Posted in Economy, General, Health, Holiday, Inspirational, Miscellaneous Articles, Property, Tenerife, Things to Do, Weather | Tagged Barcelona, buyers, Eastern European, luxury, market, mortgage, prime, Property, residential, Russian, Spain, Tenerife| Comments (0)

Tenerife, Canaries and mainland Spain appealing to Russians

August 4, 2010 – 1:42 pm

Spain, Tenerife and the Canary Isles, have not lost their appeal with affluent Russian buyers, finds a new study. Along with Bulgaria, Turkey, The US and Israel, Spain Russian's finding property in Tenerife, the Canary Islands and Spain to their liking. is one of the most popular overseas destinations amongst affluent Russian house-hunters, according to a study by real estate agents and mortgage brokers Lowel.

Russians buying in Spain spend between 50,000 and 150,000 Euros on flats, and 300,000 plus Euros on Villas. At the very top end, Russians in Spain have some of the biggest budgets of all, often in the multi-million Euro bracket.

Nevertheless, Russian demand is feeling the pinch of the economic crisis this year. Russians are expected to spend 9.3 billion Euros – 10% less than last year on property abroad.