Russian Meeting Point gets under way

Russian Meeting PointThe “Russian Meeting Point” opened yesterday in a bid to boost the sale of Spanish coastal property to Russian investors.

This years event is being held at the Hotel Villa Padierna and so far has attracted large numbers of investors and property agents, all here to find investment opportunities on the Costa del Sol. The main focus of the group is the so-called “Golden Triangle” which includes Marbella, Estepona and Benahavis. However, other areas are also being marketed at the event including the Canary Islands, Balearic Islands, Alicante and Andalucía. The three-day event will close tomorrow (Friday).

Ángeles Muñoz, Mayor of Marbella, visited the event on Thursday morning accompanied by Enrique Lacalle, the president of the organizing committee, and the President of the Andalusian Federation of Developers and Residential Tourism, Ricardo Arranz.

Muñoz attended the event to see first-hand the level of interest from various investors and property agents for the Spanish property market and, more specifically, that of the Costa del Sol.

Many of the exhibitors have already expressed their satisfaction with the volume of contacts made at the exclusive real-estate forum.

Sr. Lacalle thanked the exhibitors for their attendance and is convinced that the event will prove to be profitable for all involved.

David Scheffler, Director of Expansion of Engel & Völkers, said “This initiative is a great opportunity for the Spanish real estate sector in general and particularly for us, so we could not pass up this opportunity. At The Russian Meeting Point we are presenting over 6,000 real estate properties to potential buyers from Russia. ”

The event also included talks presented by some of Spain’s business leaders. One such talk, entitled “What the Russians want to know before buying a property: How to get a mortgage in Spain.” was given by Alberto Pulido, Director of Business Mortgages in Spain’s Banco Santander.

There will be further talks on Friday including “Managing visas and residence permits” which will be presented by the National Association of Developers.

This is the second edition of the Meeting Point and will be followed by a third which will take place in Barcelona in October at the Fira de Barcelona.

Russian investors invited to ‘Golden Triangle’

Russian Meeting Point

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