Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

Spanish Estate Agents targeting Russian and Chinese buyers

Mon 15th Feb 2010

Andrey Maslak, president of the Russian Foundation for Economic Cooperation and Development, reports that there is a growing number of Estate Agents in Spain that are beginning to switch focus to Russian and Chinese clients as opposed to traditional buyers from the UK and other Western European countries.

Maslak commented, "The demand for Spanish residential property during the crisis fell by 70%, since the market was practically abandoned by the UK buyers, which for many years were leaders in terms of demand for Spanish property."

"However Russians are still dominating in the Spanish real estate market even during the times of crisis", he continued.

As such many of the Spanish real estate agencies are now starting to hire Russian-speaking staff and creating the Russian language versions of their websites in order to approach a wider audience.

Maslak added that the 2010 residential property markets in Spain are likely to fall to original construction cost in many cases.

The cost of new developments in Spain are also expected to fall to the level of construction costs, while more and more property in the secondary housing market will be offered at "the price of land" - In other words, it will be more profitable to buy already existing housing than the land for building a new home", said Maslak.

Comment on this Story

I have a Finca in Javea Costa Blanca, for sale. due to ill health, would make lovely home or holiday home, 3 bed 2 bath, second lounge, studio , or office, pool, very good area, secluded. 249,000 euros, would like to attract Russian buyers, where ???? and how ?
Audrey Harrison - Fri, 5th Jul 2013
Almeriapropertyfinder : You might want to check out - they are a Russian based Property portal listing overseas properties (English language available also !)
Tumbit - Admin - Fri, 18th Jan 2013
We are estate agents based in Almeria and have a wide section of low priced houses to sell and are looking for a russian website or company to market our properties in Russia. Can you help or make any suggestions as to where to look. Thank you !
Almeriapropertyfinder - Thu, 17th Jan 2013

Sandra : The first thing you should do is research the Internet for a professional, reputable and well-established Agent to act on your behalf. Check if they are represented by a professional association, such as the AIPP. You should also check the following :

- How and Where they would promote your property

- What languages they speak (and advertise in)

- What their fees are

- Ask for all this in writing !

Tumbit - Admin - Sat, 8th Dec 2012
I have a penthouse apartment on Mar Menor Golf Resort Spain 2 bedrooms two bathrooms lounge kitchen and large patio lots of extras 3 years old in new condition underground parking front line golf views sun all day long due to ill health having to sell been told to advertise in Russia but don't know how to can anybody help me on this ?
Sandra Newlands - Fri, 7th Dec 2012
I have a lovely home in Mojacar South Spain it is very hard to trust people in the Estate Agent we were Estate Agents here but have just retired. Kind Regards Armando Uberti
Armando Uberti - Sat, 22nd Sep 2012
Anthony : Although this is an old news article things have certainly panned out that way - especially in Alicante province where sales of properties to Russians has now overtaken sales to Brits. It looks very likely that this will soon happen on the CDS aswell. As such many of the longer established Estate Agents have been marketing their properties in the Russian language for a while now, and also have affiliations with Agents in Russia. The likes of "Micheal Moon" and "One Marbella " are probably worth speaking to in the first instance.
Tumbit - Admin - Tue, 11th Sep 2012
Great article. I have a property 3klm from Puerto Banus, Marbella. Its 2 bed 3 baths in Fuente Aloha Nueva Andalucia. Comes fully furnished including 42" wall mount tv. I am retiering and looking for a quick sale 295'000 Euros. Please let me know the best way to atract or sell the apartment to Russians through agents in Russia. Many Thanks Anthony
Anthony Todd - Tue, 11th Sep 2012

Related Partners

Recommended Items

Related Articles