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5 reasons why the Russians invest in Costa del Sol

Posted by admin on May 10, 2016
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Luxury is one of the main reasons why the Russians invest in Marbella and its surroundings

Russian buyers have always been interested in Costa del Sol to come and enjoy the weather, but if we add the luxury that both seek, hobnobbing with the jet set and also have great prices on prime real estate, increases the desire to buy a property in Costa del Golf in the region. The Russians have been characterized as sumptuous when buying properties on the Malaga Coast, mainly in the most exclusive areas of Marbella, Estepona and Benahavis.
The Golden Triangle is where the Russians have laid eyes since they began their investment in Costa del Sol. They buy million dollar homes in developments such as La Zagaleta, the Golden Mile and Puerto Banus where the wealthiest people visiting the region invest.
While it is true that the Russian economy has not gone through its best in recent years, due to the fall of the ruble and the economic sanctions imposed on the country, they have made investments by Russians have fallen a bit and have been displaced by the Germans, however, Russian influence in the region is still felt, and many people in Marbella make fun that they must learn to speak their language.

Russians invest in Costa del Golf

Russians invest in Costa del Golf

Know what is the profile of the Russian buyer?

If you could summarize in one word, that would be extravagant. Russian buyers are men who are aged between 30 and 45 years and come with his wife and children. They are usually from Moscow or St. Petersburg and are dedicated to the service sector, belonging to an upper middle class. Their bank accounts are either bulky, willing to spare no expense in terms of taste who want to be. Therefore, it is common to see them in about 100 golf courses that exist in the region, making large purchases in the best shops in Puerto Banus, or eating the best typical Andalusian food in the most exclusive restaurants in Marbella or trying the gastronomy in Benahavis.

Villa in La Zagaleta

Beautiful villas can be found in La Zagaleta

As for real estate, follow the previous trend for luxury and large sizes. The prices of the properties acquired over one million euros, mainly prefer the villas or farms rather than apartments or smaller homes. They choose luxury townhouses on large plots and some privacy. Prioritize extension on other issues and prefer to furnish them because they like a more flamboyant style. Usually they choose the main areas of the Costa del Sol, in places like Marbella, Benahavis and Estepona. When negotiating the price are quite demanding, and try to reduce as much as possible, distrusting all they can, and for this very reason, many of them have their own interpreter.
He has even grown much Russian participation in the Marbella market which Vladimir Putin said he would buy a property in Zagaleta. That is why we want to show our readers 5 of the main reasons why Russian citizens have become so fans of the Costa del Sol.

1. Flee the cold and shelter in the Mediterranean

If something is famous for Russia in the world are your freezing temperatures most of the year regardless of the season. Many locals seek later this freezing weather in search of warmer and where there is also a chance to cool off in the waters of the Mediterranean temperatures. The Malaga Coast has 300 sunny days a year, averaging a temperature of 19 ° C, so there can be no more contrary to Russia in climate refers environment.

2. Luxury and glamor with exclusivity

Something that has always done highlight the Costa del Sol real estate over other destinations in Spain or Europe has been elegance. For this reason, here come together celebrities, movie stars, socialites, European aristocracy, and even the kings of Spain and Saudi Arabia have properties in this region and eventually spend their summers here. So if what you want is an autograph, you do not have to go to Los Angeles to search for artists but come in summer to Marbella.
Puerto Banus represents the ultimate in luxury and exclusivity that can be found in Marbella, which brings together shops, yachts, top brands shops, restaurants and hotels. It is for this reason that year visited by more than 5 million people.
In the port are some of the largest and most luxurious yachts in the world, so the price of mooring exceeds 2500 euros, and is the most expensive room in the world behind only three Italian ports.
The biggest fashion brands the world like Dolce & Gabbana, Gucci, Louis Vuitton, Dior, Hermes have their shops in Puerto Banus. The same applies to restaurants and clubs where artists and celebrities share the music of the most famous DJ`s of the music scene in places like Olivia Valere, Pangea, Cavalli, Seven, Tibu, among others.

3. The best properties with excellent prices

The Russians when choosing properties, prefer the most central and popular areas, although good size for greater freedom and privacy. Marbella, Estepona and Benahavis are your favorite areas.

• Marbella

It is where the largest number of luxury homes in south Andalusia are. Many Russians are interested in La Zagaleta, one of many examples of luxurious developments in the city. This has its own equestrian club and golf club, where properties are mainly mansions in some cases even with helipads. For all the above, the property prices are quite high, and the closer you are on the coast, the higher the cost. Being close to the coast, property prices start at 400 thousand euros and can cost several million euros.

• Estepona

Estepona has a variety of properties ranging from traditional villas, to luxury villas, apartments and houses. It should be noted that this town is just 10 minutes drive from the city of Marbella, so many Russian citizens choose it as a place to buy your property as properties are achieved by much lower prices and costs Children also services. The new Golden Mile, is the site of most exclusive of the city, but you can get other very good quality at lower prices as paradise where you can buy both villas and town houses, La Cancelada, among others.
In total we have sold over 5,000 properties, representing a 66% increase in the province in relation to 2013. Compared to 2008, then about 7,500 home sales, which was performed the best sales year in the city.

• Benahavís

They are located in very exclusive residences with golf clubs or country clubs, having on hand all that is required to lead a quiet life with green meadows combining sea breeze.

La Quinta Golf course in Benahavis

La Quinta Golf course in Benahavis

Due to the growing real estate market in the region, new developments have their sights set on being built in this county. An example of this is a series of luxury apartments to be built as close to the golf properties. The properties offered are modern, mostly two rooms, and prices are between 240,000 euros and 390,000 euros. They also have the advantage of being only 10 minutes from Puerto Banus and 5 minutes from San Pedro de Alcantara

4. Best time to invest in real estate

Foreign investment has excelled in the region since, as in other areas of Spain capital inflows by foreign has stalled on the Costa del Sol is still thriving and growing, and part of this are the figures that left the year 2014 increase in investment by foreigners of nationalities that are already tradition in the Costa del Sol, as the English who grew up in an incredible 27%. Highlights the fact that 90% of all purchases of real property by foreigners, the form of cash, ie without funding.
Among the causes attributed to the increase in real estate activity in the region is the fact that banks have made easier the process of obtaining credit, which in general terms to foreign buyers can get mortgages for 20 years interest rates up to 2.75%. This has aroused the interest of many buyers interested in Marbella and its surroundings were a while ago, but they have after the fall in prices during the housing crisis, and with these banking facilities, they determined to make the decision to buy a property in the region, which many real estate analysts, is considered as a safe investment.

5. Golf and gastronomy of the region

Golf and gastronomic resources are not lacking in the Costa del Sol for the whole family, so if you want to visit cultural sites, eat at a nice restaurant or just relax on the beach, has all the necessary resources here this coast. Its theme parks, natural areas, culture and gastronomy make south Andalusi a unique living space, enjoy and feel.

– Golf
The Costa del Golf, as it is also known to Marbella, Estepona and Benahavis has about 100 golf courses all very close to each other. “That makes the perfect combination for people who are lovers of sport and is looking for real estate” Ignacio Acosta, CEO of Panda Estates says. Some fields in the region:
Marbella is the Aloha Golf Club, a natural field of diverse vegetation in which no hole is never equal to another, neither too short nor too long, the course is perfectly maintained. The Artola Golf has a 9-hole; the Cabopino Golf Resort 18 holes. Los Arqueros Golf & Country can be enjoyed by players of all levels, from the highest to the lowest disadvantages, the variation of the holes and the unsurpassable views of the sea and mountains make this a visit to Los Arqueros the beginning of a hobby. La Quinta Golf & Country Club has a remarkable 27 holes. The Marbella Club Golf Resort has in its complicated course of 18 holes, is on the road from Cadiz and is an area of ​​competition, which is characterized by small green and a natural course of the varied vegetation. Los Naranjos Golf Club is considered a paradise for this sport. And finally, we could cite the Real Club de Golf Las Brisas; Santa Clara Golf; Club de Golf Green living; Club de Golf Rio Real; Flamingos Golf Club or the Santa Maria Golf Club, exceptional greenery all fields.

Gastronomy
This town because of its location, which manages to combine mountain with sea makes the Malaga Coast gastronomy is also based on these characteristics. That is why as the main ingredients of their dishes, venison, rabbit and pork are both yes and seafood delicacies and seafood.
For the type of public visiting this location has made it a cosmopolitan cuisine that stands out throughout Europe and that has nothing to envy of any large city. Also notable is the influence of immigrants and people of different nationalities that live here.
The typical dishes are the sausages water, pork, lamb, rabbit and partridge stew, paella, oxtail, beef tenderloin marinated or grilled and seafood zarzuela.

Written by: CAPD
Words: 2053
Contribution to the reader: Know what are the main reasons why Russian citizens invest in the Costa del Sol

Main sources:
nevadomarbella.com/blog/es/1586-desde-rusia-con-amor-a-marbella.html
elconfidencial.com/sociedad/2012-09-29/los-rusos-se-compran-marbella_391736/
laopiniondemalaga.es/marbella/2012/04/08/rusia-visita-vive-e-invierte-marbella/498245.html
finanzas.com/xl-semanal/magazine/20130512/rusos-costa-5308.html

Secondary sources:
laopiniondemalaga.es/marbella/2015/06/22/marbella-extrana-dinero-ruso-recesion/775572.html
propertywire.com/news/europe/spain-russian-buyers-foreign-201301287379.html
panorama.es/es/blog/informe-2015-sobre-el-mercado-inmobiliario-de-marbella/
abc.es/economia/20140131/abci-compradores-extranjeros-vivienda-201401301202.html