Record increase – Slavic in Costa Blanca

Due to the destabilising conflict between Russia and Ukraine, the Slavic natives are fleeing and many find their new home in Costa Blanca.

The Notarial College of Valencia disclosed a 47,4 per cent increase from 2023 in the property sold to foreigners across Costa Blanca. 

This year has marked a period of success for the real estate market, with 31, 691 of these citizens purchasing a home in the region.

Almost 20 per cent of this market is made up of Eastern European nationalities, breaking a record in the Alicante Province.

“The situation of instability prompted the arrival of buyers from this entire area,” commented the Vice Dean of Valencian Community´s notaries, Delfin Martinez. 

The nationalities which moved to Costa Blanca this year included a large number of Ukrainians, Romanians, and Poles; who became the most numerous foreign buyers in Benidorm. 

An increase in Russians is also noticeable. As Martinez stated: “They have had it more complicated, but they have looked for a way to do it.”

The contrast between the state of these countries and the tranquillity of the Spanish coast continues to bring Slavic refugees to Costa Blanca, with a large impact on community and economy.