ISSUE NO. 1403
24 - 30 MAY 2012
WWW.EUROWEEKLYNEWS.COM
Costa sets sights on Russia’s big spenders By Jennifer Leighfield RUSSIAN demand for luxury homes on the Costa del Sol is increasing. Major Russian property investors are expected to spend an average of €3 million. Despite representing only a fraction of Malaga Province’s expat community, Russians are buying
20 per cent of the available properties, more than the Germans. This was revealed by the president of Malaga Builders and Promoters Association, Jose Prado, who said that investments in the sector from Bulgaria, Russia and Germany are expected to increase by between 10 and 12 per cent this year.
Olympic spirit WITH the 2012 London Olympics just two months away, younger members of the Costa del Sol are getting in the spirit. At Marbella’s Aloha College’s ‘Opening Ceremony’ each child made the flag of their home country and wore their country’s colours.
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TEAM GB: Harvey (left), Emily and Christian.
The Costa del Sol Tourism Board was recently in Moscow for the presentation of the ‘Living Costa del Sol’ campaign, which hopes to attract investors from Eastern Europe. President of the Tourism Board and of Malaga Provincial Government Elias Bendodo said Russia is now the second most important client for residential tourism on the Costa del Sol, beaten only by UK. More than 50 Russian estate agents, Press and potential investors attended the campaign launch at the Economic and Commercial Bureau of Spain in Moscow. With this project, the Costa del Sol aims to attract new residents or part-time residents with high spending power who at the same time will help to reduce the number of empty houses on the market. The delegation pointed out that this is a unique • Turn to Page 6
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FRONT EXTRA
Splash-out for squirrels A WATER TANKER had to be used to fill three ponds used by squirrels to drink from at a Malaga park because of problems with supply.
Old boots LOCAL POLICE in Coin have complained that they are having to use their own shoes when on duty because their regulation ones are worn out and new ones have not be issued for six years.
A cut above LOCAL Ronda company ‘La Casa del Jamon’ held the 10th National Competition of Ham Cutters as part of the May Fair. Six people took part, including an expert ham cutter from Jaen who has worked for the Spanish Royal Household.
€8,000 find TWO residents of Torremolinos have received €8,000 from the police which they found in the street more than three years ago but which has never been claimed.
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