The coronavirus pandemic, panic on world markets, quarantine, falling oil prices and the falling ruble have affected the real estate market.
The first to suffer were the hotel segment and retail-cafes, restaurants and shopping centers. Already, companies are cutting costs and staff; hotel operators are renegotiating with owners to reduce the price of rental contracts.
We assume that the first bankruptcy in the hotel segment will begin in two or three months. Continue reading
Russians are most often interested in new buildings in Spain with an average cost of up to 200 thousand euros. In the preferences of Russians in the first place — apartments in prestigious residential complexes, in the second — villas with swimming pools.
Our compatriots are particularly attracted to real estate on the shores of the Mediterranean sea: in Barcelona, on the Costa Blanca, the Costa Brava and the Costa del Sol, as well as in Madrid.
Overview of the regions
The Costa Blanca is the most affordable region of Spain for housing prices. Continue reading