Russia’s new middle class fly in to save Spanish tourism season | World news | guardian.co.uk

English: Map in English of the Mediterranean S...

English: Map in English of the Mediterranean Sea, with the borders and the name of the States following the ISO 3166-1 Alpha-3 code. Français : Carte en anglais de la Mer Méditerranée avec les frontières et les noms des États suivant le code ISO 3166-1 Alpha-3. (Photo credit: Wikipedia)

en:Russian minimarket / uk:Російський магазинч...

en:Russian minimarket / uk:Російський магазинчик / el:ПЕРІПТЕРО (Photo credit: Wikipedia)

The or Countries (Brazil, Russia, India and Ch...

The or Countries (Brazil, Russia, India and China). Contrast with the which is called by some an “emerging superpower. The BRIC countries are those some adademics consider could be super powers in 30-50 years. (Photo credit: Wikipedia)

This is an interesting article from the Guardian. Check it out!

Russia’s new middle class fly in to save Spanish tourism season | World news | guardian.co.uk.

Whilst wealthy Russians have been prominent buyers of front-line real estate across the Mediterranean for some years, it is news-worthy that more modest, middle-class Russians are now keen to follow their wealthier compatriots’ foot-steps, and are looking for apartments with a sea view.

Meanwhile, in other parts of the Mediterranean, estate agents are now targeting the important wealthy Chinese market for real estate. In some places, Russian signs are being replaced with the Chinese equivalent.

It is good to see Russian and Chinese investment, it’s the start of the BRIC‘s wave of inbound investment. Whilst Europeans and Americans see European assets as risky because of the Euro crisis, others, notably BRIC’s investors are seeing it as an opportunity to buy cheaply, near the bottom of the market.

What do you think?

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One response

  1. Pingback: Eurozone crisis live: Global slowdown fears rise | Business | guardian.co.uk « Dr Alf's Blog

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