{"id":6964,"date":"2015-02-18T14:31:36","date_gmt":"2015-02-18T14:31:36","guid":{"rendered":"http:\/\/taylorwimpeyspain.com\/blog\/?p=6964"},"modified":"2015-02-18T14:31:36","modified_gmt":"2015-02-18T14:31:36","slug":"russians-turning-away-spanish-property","status":"publish","type":"post","link":"https:\/\/taylorwimpeyspain.com\/blog\/russians-turning-away-spanish-property\/","title":{"rendered":"Russians turning away from Spanish property"},"content":{"rendered":"<p>THE weakened Russian ruble has led to a decrease in the number of Russian buyers of Spanish property.<\/p>\n<p><a href=\"http:\/\/taylorwimpeyspain.com\/blog\/wp-content\/uploads\/2015\/02\/russian.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/taylorwimpeyspain.com\/blog\/wp-content\/uploads\/2015\/02\/russian.jpg\" alt=\"russian\" width=\"900\" height=\"497\" class=\"aligncenter size-full wp-image-6965\" srcset=\"https:\/\/taylorwimpeyspain.com\/blog\/wp-content\/uploads\/2015\/02\/russian.jpg 900w, https:\/\/taylorwimpeyspain.com\/blog\/wp-content\/uploads\/2015\/02\/russian-768x424.jpg 768w, https:\/\/taylorwimpeyspain.com\/blog\/wp-content\/uploads\/2015\/02\/russian-300x166.jpg 300w, https:\/\/taylorwimpeyspain.com\/blog\/wp-content\/uploads\/2015\/02\/russian-180x100.jpg 180w\" sizes=\"auto, (max-width: 900px) 100vw, 900px\" \/><\/a><\/p>\n<p>Falling oil prices, the decline in the currency and international sanctions against Russia over the crisis in the Ukraine have led to Russian buyers \u2013 not long ago hailed as the saviours of the Spanish property market \u2013 turning their backs on Spain.<\/p>\n<p>\u201cRussians are not buying right now,\u201d Ramon Riera, President of FIABCI Espa\u00f1a, a grouping of 120 property specialists, told <em>Business Insider<\/em>.<\/p>\n<p>\u201cWhat\u2019s more, some Russians are actually getting rid of their properties here in Spain. There were some deals that were about to go through but the Russians have disappeared,\u201d he added.<\/p>\n<p>In 2014, the ruble lost 40 per cent of its value against the euro and the Russian government forecasts that its economy will shrink by 3 per cent in the first quarter of 2015. According to statistics, Russians buying Spanish properties declined last year. In 2013, the Russian market was seen as the potential saving grace for Spanish real estate, with strong sales in many regions to Russian clients as they sought cheap property near the Mediterranean beaches of Spain. The number of Russian tourists was also increasing. However, in 2014, the number of Russian tourists to Spain fell by 10 per cent compared to the previous year, according to data from Spain\u2019s tourism ministry.<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>THE weakened Russian ruble has led to a decrease in the number of Russian buyers of Spanish property. Falling oil prices, the decline in the currency and international sanctions against Russia over the crisis in the Ukraine have led to Russian buyers \u2013 not long ago hailed as the saviours of the Spanish property market [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[7,8,12,4],"tags":[],"class_list":["post-6964","post","type-post","status-publish","format-standard","hentry","category-costa-blanca","category-costa-del-sol","category-mallorca","category-spain"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - 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