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Spanish luxury market rallies as Russians buy in
Wednesday, August 31, 2011
Spain’s luxury residential market is showing some resilience as Eastern European and non-mortgage buyers surge into the market, according to new research.
New reports from Lucas Fox International Properties show that the average prices in the areas remain way above the national average.
And as finance becomes less scarce the luxury market has shown more strength than others.
Russian buyers are particularly active in Barcelona according to marketing director Anthony Leaton.
Source: OPP.org.uk
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