750,000 empty new properties in Spain.

[waggy]

'Twas on the news yesterday: Spain is mounting a charm offensive in Russia and Poland to try and sell off the above - probably so that the banks don't have to write down their toxic stock. There are already Russian property agents operating in mainland Spain and selling some stuff. Any Russian agents in the Canaries yet?

[fifi]

I dont know if there are any yet but the Russian market is being taken seriously. Island Connections, one of the online papers that I read recently announced that they were thinking of doing a Russian page Waggy.

Russians who buy properties over 160K are also being fast tracked residencias and the whole process is being made easier for them as an incentive to buy.

[appy ammer]

good luck fuerte your gonna need it 

[Ivemovedon]

For the life of me i still can't see how that can be any sort of incentive to part with more than 160 grand. Based on that fact i dont expect to be fighting my way to the bar through a six deep crowd of ivans in the pubs of Corralejo and Caleta any time soon. The few that are there will be too busy sunning their fat backsides by their private pools in their remote 6 bedroom villas with their skinny wives delivering the drinks.

[Lostboys]

there´s been a big Russian market in Tenerife for years with some estate agents offering Russian speaking staff.  Bearing in mind that the majority of the Russians that do buy property are the 700.000€ and above brigade and as previously said, are not normally found walking to the local bars.

[fifi]

 
Residency permits will stimulate demand says Russian Ambassador to Spain

Posted on December 31, 2012 by Spanish Property News


Yuri Korchagin, the Russian Ambassador to Spain, told the Spanish press that greater numbers of Russians will buy property in Spain if doing so entitles them to a residency permit.

Keen to stimulate sales of homes in Spain, The Spanish Government has floated the idea of giving non-EU buyers a special type of residency permit (that does not allow them to work in Spain or take advantage of public services) if they spend €160,000 or more on a property in Spain.

This might attract more Russian and Chinese investors, who currently can only visit Spain on a 90-day visa.

Visas are an "obstacle" for Russian buyers, says Korchagin, who pointed out that Russians buy property in Spain with "resources that are undoubtedly legal" referring to claims that Russian buyers launder money in Spain.

This year Russian tourists broke through the 1 million barrier for the first time, and more than 60,000 already live here, says Korchagin.

Last year Russians bought 1,645 homes in Spain, almost 8pc of the total acquired by foreigners, only behind the British, French, and Germans. Their favourite destinations are the Costa Brava, Costa Blanca, and Costa del Sol. Press reports say they are mainly middle class families buying a holiday-home.

The problem with this idea, according to Spanish media reports, is that it needs to be agreed with other European countries in the Schengen zone, some of whom oppose it.

[Ivemovedon]

Lets hope they all head south to jandia and take on the krauts.

[fifi]

Lets hope they all head south to jandia and take on the krauts.

[Ivemovedon]

happy new year fi   

[fifi]

Happy New Year to yourself and Jackie too Stedge.

[fatherted]

Lets hope they all head south to jandia and take on the krauts.

And what about all the Brits and Irish people who are/have been forced down there by the tour operators?

[Ivemovedon]

we can just feel sorry for them