The towns of Benahavis, Estepona and Marbella, together known as the ‘Golden Triangle’, are inviting Russian investors to help reduce the stock of property for sale on the coast.
‘The Russian Meeting Point – Marbella’ will be held at Hotel Villa Padierna between March 14th and 16th and will see representatives of the Spanish real-estate sector meet with Russian investors.
The initiative seeks to present all of the properties for sale in those areas with significant discounts on the original price. The meeting will have an area of approximately 1,000 sq/ft to promote contacts and trade between marketers, Spanish development and construction companies and other professional investors.
The organisers of the meeting said “We have the support of major Russian real estate associations that will present a significant presence of investors interested in buying Spanish property, or promoting it in the Russian market, one of the most powerful in Europe, and generate more interest in Spanish real estate, especially in the ‘Golden Triangle’. ”
The warm reception received by Russian investors in the last edition of “Barcelona Meeting Point” led to the sale of luxury homes on the Costa del Sol, thanks in part to an influx of buyers from the East, and also led to the organising of this event.
Ricardo Arranz, current president of the Andalusian Federation of Developers and Residential Tourism recently said that luxury homes valued between four and 10 million euros are being purchased mainly by buyers from Saudi Arabia, U.A.E. and Russia.
‘The Russian Meeting Point – Marbella’ comes with great expectations for the sale of both luxury properties and other stock due to the heavy discounting currently available.
More information is available on the official website: Marbella Meeting Point 2012