Russians have set a record for the purchase of real estate in Spain over the past 9 years!

Hot News! Russians have set a record for the purchase of real estate in Spain over the past 9 years!

Spain continues to be a magnet for Russian investors and tourists. According to the latest data from the Center for Notary Statistics, in the first half of 2023, Russians set an incredible record by purchasing housing in this beautiful country.

According to the information, the volume of purchases of housing by foreign citizens in Spain decreased by 7.5% in the first half of this year. However, this statistic concerns the majority of foreign investors, excluding Russians.

Data from the Center for Notary Statistics show that the number of transactions with Russian citizens has increased by more than 50%. This is a great achievement, and for the first time since 2014, the semi-annual volume exceeded two thousand transactions for the purchase and sale of real estate.

What makes Russian investors such active participants in the Spanish real estate market? One of the reasons is the attractive climate, picturesque landscapes, and rich cultural heritage of Spain. This combination makes this country an ideal place for investment in housing and recreation.

Despite changes in Spanish legislation, sanctions, and stricter anti-money laundering rules, Russian investors are successfully coping with these challenges. Many of them come with alternative passports, which facilitates the process of acquiring real estate and participating in the "Golden Visa" program of Spain.