According to a recent report from fotocasa on foreign investment in Spanish property in 2013, foreigners invested on average 381,000€ in the Spanish property market.
Russians almost doubled this figure with an average investment of 678.424€ , tending to invest in properties that meet the Spanish Governments “Golden Visa” criteria of 500,000€.
The Costa Blanca (the costal region around Alicante) was most in demand, with Russians spending on average 638.077€ mainly on luxury houses with an average of 462 m².
The breakdown of foreign property investment in Spain in 2013 is as follows:
- Russians = 678.424€
- Germans = 338.716€
- Belgians = 346.728€
- British = 190.633€
- French = 171.644€