Spain started the housing boom

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In the period from January to September this year, sales of luxury residential properties in Spain increased by almost 40 percent compared with the figure for the same period last year, according to Global Mansion with reference to the materials of the real estate company Lucas Fox.

The average cost of sold expensive houses in the country at the same time increased by 27 percent, to 2.1 million euros, analysts estimated. Elite they believe the property is valued at 900 thousand euros and more.

“Prospects for the development of the country’s economy remained positive, so we believe that Spain and will continue to be attractive for investors and great entertainment,” noted Lucas Fox. According to the company, in 2019, more than 40 percent of transactions for the purchase of luxury square meters in Spain were made by immigrants from other European countries. The most popular among buyers locations are Barcelona and the Costa Brava.

Spain for many years headed the rating of the Russians favorite countries to buy abroad. In the second quarter of 2019, the interest of buyers from Russia and the former Soviet republics to Spanish property fell by 36 percent compared with the figure for the same period last year. Realtors believe that the focus of attention of buyers is gradually shifting to Turkey.

Video, photo All from Russia.

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