Russians have spent a quarter of the Madrid budget

Russians have spent a quarter of the Madrid budget

According to the Russian Embassy in Madrid, for the past three years Russians have bought property in province of Alicante in the amount of €1 billion, writes ee24.com citing noticia.ru. For comparison, the budget of Madrid is € 4.4 billion, of London - €13.9 billion, of Moscow - € 38.6 billion.

Sergey Melik- Bagdasarov, Counselor of the Russian Embassy in Spain, said that Russian tourists who came to their summer homes in Alicante, contributed to the development of various sectors of the local business.

Joaquin Albadeleho, deputy of Costa Blanca who is responsible for the development of tourism, says that the Russians usually come for 8-15 nights that exceeds the average stay of foreign tourists in Spain. Albadeleho hopes that with the opening of direct flight to St. Petersburg next summer, Costa Blanca will be even more popular region. With reference to popularity of real estate on the coast of Spain among the Russians, the deputy advised local companies to create Russian-language versions of their websites .

Alicante is province on the Mediterranean coast of Spain with a population of 1.7 million people. It occupies about 1 % of the country. Popular cities to buy real estate in Alicante is Alicante itself, Torrevieja and Benidorm.