MALAGA, SPAIN, January 29, 2013 (Press-News.org) News this month from the Malaga Developer's Association reveals that the Russians have overtaken the Germans to become the second largest international home buying audience on the Costa del Sol. Marbella agent Spanish Hot Properties believes this is a trend to continue.
Nick Stuart, Director of Spanish Hot Properties, says, "Russians now make up 9% of foreign property purchases leaving the Germans trailing with 7%. This is still minimal in comparison to the Brits who lead the way with 35% but, in my opinion, the start of a greater wave of Russian clients on the Costa del Sol. Russian purchasers tend to be quite privileged and have money to spend on top quality homes. Most are seeking a villa, as opposed to an apartment, and some are especially drawn to secure, private, gated communities such as La Zagaleta - one of Spain's most coveted country estates. Price tags of two million euros, ten million euros, don't tend to scare them."
The Russian community is certainly making its presence felt on the Costa del Sol. Currently under construction 10km west of Marbella is the largest Russian Orthodox Church in Spain, sponsored by the Moscow Patriarchate and designed by a Russian Architect, a place that will also become a cultural and social centre for meetings celebrations and events. Local retailers are starting to stock native Russian produce, restaurants catering to Russian taste buds and everyone from gymnasium owners to health clinics learning the language in order to communicate professionally with this lucrative market.
Nick continues, "The kind of Russian who comes to Marbella has a healthy bank account and will spend good money on golf courses, in elite fashion boutiques and fine dining restaurants - up to double that of their British counterparts. Little wonder Costa enterprises are adapting their business models accordingly. And, as Marbella will always have something that Russia doesn't, endless bright sunshine and long warm summers, we can expect our new Russian neighbours to be around for some time."
The Spanish Consulates in Moscow and St Petersburg have had to double the number of staff handling visa applications, although complaints are made about Spanish bureaucracy, the time it takes to obtain permits and the restrictive nature of maximum 90 day visas.
If, however, the Spanish Government goes ahead with its proposal to offer residency to foreigners who spend more than 160,000 euros on a property, the number of Russians, and indeed Chinese and other investors outside of the EU, participating in Marbella's property market could really surge. A very welcome ray of light in a market that is still adjusting to reduced overall purchaser activity, suppressed prices and very little new construction at all.
On the Market in Marbella:
Villa, Nueva Andalucia, Marbella
Just minutes from the shops, restaurants and marina of Puerto Banús, this luxurious south facing villa takes full advantage of its commanding position overlooking golf valley down to the Mediterranean. Designed and finished to the highest quality and attention to detail, the new property is arranged over three levels with a double height entrance hall, living and dining room, contemporary kitchen, cloakroom and guest bedroom suite on the ground floor, a master suite and two further guest bedroom suites on the upper floor and a basement with machine room, one further bedroom and bathroom, cinema room and large garage. Outside there is a substantial heated swimming pool in immaculate gardens and various covered terraces.
Five bedrooms, six bathrooms
Built area 530m², plot size 1,560m²
Price 3.7 million euros (approx 3.15 million GBP)
Contact Spanish Hot Properties on UK 00 44 207 558 8355 or telephone Spain 00 34 952 864 382, email Info@spanishhotproperties.com or visit http://www.spanishhotproperties.com
For further press information or photography please contact Sarah Drane
on sarah@purplecakefactory.com or call 00 34 607 564 726
Russian Interest in Marbella Property Gathers Momentum
News from the Malaga Developer's Association reveals that the Russians have overtaken the Germans to become the second largest international home buying audience on the Costa del Sol. Spanish Hot Properties believes this is a trend to continue.
2013-01-29
ELSE PRESS RELEASES FROM THIS DATE:
Local Photographer Gains High Respect
2013-01-29
"We have recognized a need for aerial photography services throughout Georgia and have responded to fulfill this need by expanding our service area", explains Michael. Aerial photography has many uses in today's world whether the user needs creative marketing strategies, thorough and accurate documentation such as in land disputes or traffic accidents, project analysis, environmental impacts, or advertising campaigns. These aerial photos provide a very impressive and detailed view of the entire project from a bird's eye perspective. "We are extremely excited ...
February Trust & Asset Protection National Webinar Hosted by Gregory Herman-Giddens
2013-01-29
The hour-long webinar is designed for financial advisors and attorneys who are interested in learning how trusts can be used to protect inherited IRAs from creditors and beneficiary mismanagement while maximizing tax deferral. A board-certified attorney, Herman-Giddens will review how to structure asset protection for IRA beneficiaries. Trillions of dollars in IRAs and qualified plans to be passed down to beneficiaries in the near future could be jeopardized by mismanagement and creditor claims. There are ways to leverage specially designed trusts to protect IRAs and ensure ...
Book Marketing Announcements: The Authors Show Lineup for the Week of January 28, 2013
2013-01-29
Don McCauley of the Free Publicity Focus Group and Danielle Hampson of eBroadcastMedia.com, founders of Book Marketing, announced today The Authors Show radio and TV weekly broadcast schedule.
Book Marketing, branded as 'The Authors Marketing Powerhouse', allows authors and publishers the opportunity to upload photos, bios, book covers, video and book videos. The site also offers discussion forums, segmented special interest groups and allows for event listings. Each author can develop a personalized page. In addition the site allows for integration with Facebook and ...
American Ingenuity Media & Prudencetheriault.com Launch "THE TV TAROT"
2013-01-29
Want to know how Super Bowl XLVII will do in the TV ratings, before kickoff? Have a burning desire to know if Kim Kardashian and Kanye West will make it as a couple? Would you like to know how the new "Star Trek: Into Darkness" movie will do well before the premiere? Now you will know as a brand new Internet
TV series, "THE TV TAROT" has launched on YouTube, Facebook, Twitter and Goggle+.
Featuring the nearly never miss talents of Master Tarot Reader & Instructor, Prudence Theriault and hosted by TV news and marketing veteran, Jeff Grimshaw, ...
Oncology Information Systems' Reporting and Alerts Leave Providers Wanting More
2013-01-29
Alerts and reporting are two of the most challenging aspects of medical oncology, in addition to being the tools providers are least happy with overall. This is according to a new report from KLAS titled Oncology 2012: Pulling the Curtain Back.
Study findings reveal that oncology information system vendors struggle with alerts. Specifically, Epic, Varian, and Elekta seem to perform below average. Reporting is also an area for improvement. Providers report that Varian and Elekta's canned reports are not robust enough to meet their needs, and the customized reports are ...
Introducing Levelpump! Check Your English Ability with Vocabulary Tests that Use Word Association
2013-01-29
Twinword, Inc. has unveiled its new level testing service, called "Levelpump". Levelpump is free of charge and compares your knowledge of vocabulary against a database of associated words in order to assign you to the proper English vocabulary level. This method of learning is efficient because it leverages the relationships between vocabulary words. That is, it combines all related words into a bundle for memorizing purposes, so that they are more easily memorized. Also, if you remember only a few of the words in the grouping, you can learn the others by analogy. ...
Contract Disputes are Part of Doing Business in Virginia
2013-01-29
Unfortunately, business operations do not always go smoothly and conflicts with other commercial ventures will inevitably arise. Relationships between businesses are inevitably necessary and sometimes they go south. A disputed business contract can be very expensive if it ends up in court, even impacting the bottom line.
Any business venture needs to develop strong working relationships with other businesses to arrange for needed services, supplies, equipment and real estate, for example. Retaining smart and experienced legal counsel early on to assist with business-to-business ...
Defective Toys Can Lead to Children Sustaining Serious Eye Injuries
2013-01-29
As children across the country enjoy all of the new toys they received during the holiday season, parents would be wise to ensure the toys are age appropriate and being used properly by their youngsters. New toys for children to play with come with new risks of potential injuries caused by defective products.
The U.S. Consumer Product Safety Commission -- the agency responsible for shielding the population from dangerous products on the market -- has reported that over 262,000 personal injuries caused by toys led to emergency room visits in the U.S. last year. Notably, ...
Justice Delayed is Justice Denied for Dozens of North Carolina Inmates
2013-01-29
The average cell in a U.S. federal prison is six feet by eight feet. Imagine your whole world ripped out from under you, replaced by forty-eight square feet of concrete and cold steel. And the worst part? You don't belong there.
It may sound like a nightmare, but it is stark reality for at least 60 inmates wrongfully convicted of federal gun crimes in North Carolina. Although even the U.S. Justice Department determined that these men committed no federal crime, scores of them remain behind bars as government lawyers throw up roadblocks to their release.
Mislabeled ...
Will Illinois See a Marriage Equality Bill in the New Year?
2013-01-29
Illinois Governor Pat Quinn has been quite vocal about his support for a marriage equality measure. But will Governor Quinn's backing be enough to convince outgoing Illinois legislators to support a same-sex marriage bill? The governor seems optimistic that a marriage equality bill could be on his desk by January; according to the Associated Press, at a December 10 press conference, Governor Quinn urged lawmakers in the state House to "vote their conscience" on the issue, and commented that he hopes a marriage equality bill will move forward before January 9.
January, ...
LAST 30 PRESS RELEASES:
Current status and future perspectives on early detection and diagnosis of colorectal cancer in China
Program’s expansion boosts student research opportunities
Deep learning in the diagnosis and prognosis of oral potentially malignant disorders
Some fuel lodges in the inner walls of fusion vessels. Researchers now have a better idea of how much.
Bismuth-based catalysts: Promising candidates for electrochemical CO2 reduction to formate
Novel molten metal catalysts for CO2-free hydrogen production
Beyond the burn: Harvesting dead wood to reduce wildfires and store carbon
Researchers at Case Western Reserve, University Hospitals to begin clinical testing with new, less-invasive technology to screen for esophageal precancer
JMC|With generative AI assistance, Insilico Medicine announces novel CDK12/13 dual inhibitors for tumor treatment
Novel photochromic glass can store rewritable 3D patterns
Sea sponge inspires super strong compressible material
AI generates playful, human-like games
Bacteria ‘leaking across stomach lining’ could indicate risk of gastric cancer, new study has found
Feeding anemone: Symbiote fish actively feed hosts in wild
New AI-powered tool could enhance traumatic brain injury investigations in forensics and law enforcement
A protein from tiny tardigrades may help cancer patients tolerate radiation therapy
Double network hydrogel polymers with rapid self-strengthening abilities
Schizophrenia is reflected in the brain structure
Researchers warn continuous glucose monitors can overestimate blood sugar levels
Colorectal cancer: Lipids can predict treatment efficacy
Physical activity boosts mental health in women with chronic pelvic pain disorders
New method searches through 10 sextillion drug molecules
Breakthrough in the development of a new low-cost computer
New computer model can predict the length of a household's displacement in any U.S. community after a disaster
At your service: How older adults embrace demand-responsive transportation
Enhancing lithium-ion battery performance with roll-to-roll compatible flash process technology
Simulating scientists: New tool for AI-powered scientific discovery
Helium in the Earth's core
Study: First female runner could soon break the 4-minute-mile barrier
High dietary fish intake may slow disability progression in MS
[Press-News.org] Russian Interest in Marbella Property Gathers MomentumNews from the Malaga Developer's Association reveals that the Russians have overtaken the Germans to become the second largest international home buying audience on the Costa del Sol. Spanish Hot Properties believes this is a trend to continue.