British Estate Agent Tony Barnes Feared Chinese and Russian Immigrants Would Change the Ambiance of Popular Spanish Holiday Resorts - ABC 33/40 - Birmingham News, Weather, Sports

British Estate Agent Tony Barnes Feared Chinese and Russian Immigrants Would Change the Ambiance of Popular Spanish Holiday Resorts

Posted: Updated:
“While it is good to see movement in the property market, I have been concerned about the changing face of the popular resorts on the coast.”
Costa Blanca property sales soared in 2013 to non-EU residents, as buyers automatically gained a residency permit in return for purchasing a Spanish property.

Javea, Costa Blanca, Spain — June 03, 2014 – Costa Blanca estate agent Tony Barnes, manager of “Immobilier Javea”, a real estate agency located on the Costa Blanca since 1985, revealed in 2013 the number of properties his company sold to Spanish nationals and expats from EU countries was significantly less than the number bought by non-EU subjects, namely buyers from China and Russia.

According to Mr Barnes, wealthy Chinese and Russian buyers snapped up properties in the area after the introduction of the Spanish government’s offer of a free residency with the purchase of a property over 160,000 euros. This measure was presented as a method of reducing the desperate problem of Spain’s huge stock of unsold housing, and aimed primarily towards Eastern European, Russian and Chinese citizens.

Considered a controversial move from Spain, the idea was met with some criticism from a number of Schengen zone countries, as the new residency holders would be eligible to move freely around all 26 countries in the zone without having to go through border controls, a worry for Schengen zone countries who are already struggling to cope with ever increasing numbers of illegal immigrants.

“While it is good to see movement in the property market, I have been concerned about the changing face of the popular resorts on the coast,” explained Barnes. For example, the Chinese have bought several properties on an urbanization located just outside the town of Javea, and although they are typically purchased by an older person with a businesslike aspect, within no time many occupants arrive. In some circumstances, it appears as though dozens of Chinese are sharing a property with only two or three bedrooms. Rubbish accumulates in the gardens, and there appears to be nobody taking responsibility for the upkeep of the properties, which lowers the tone of the urbanisation.”

“Chinese shops” are springing up the length of the Costa Blanca. These shops sell a wide range of articles, such as clothes, small electronic devices and toiletries. The products sold are mainly manufactured in China, and while inexpensive, frequently do not work as they should or break after a few uses.

The Chinese and Russian people arriving in Spain have not integrated into the local community, according to Tony Barnes. The Russian community tends to enjoy socializing and drinking, but are doing so only in establishments owned by their fellow countrymen, and it is not unusual for fights to break out in the neighbourhood of the bars as a result of too much alcohol. Less interested in going out, the Chinese people are rarely seen on the streets away from their places of work, and do not appear to frequent local restaurants and shop only at selected stores with the lowest prices.

Mr Barnes hopes to see a rise in the number of purchases made by Spanish nationals and European Union residents in 2014 to balance out the large number of non-EU nationals arrived in the area during the last 12 months.

“The outlook for buyers arriving to the Costas from the UK in 2014 is very positive,” states Barnes. The “A Place in the Sun Live” exhibition, held at the beginning of April in London, confirmed the real estate market in Spain is looking up, with record numbers of investors inquiring about purchasing a Spanish property. The areas that are of most interest to would-be British buyers are the Costa Blanca and Costa del Sol, with the region of Murcia also attracting much attention.

While the property market in Spain is recovering slowly after the 2009 crash, Mr Barnes confirms there are still many property bargains to be found.

“When the market crashed, lenders repossessed around 400,000 homes due to their owners defaulting on mortgage payments. As the severity of the crisis became clearer, the banks realised releasing he properties onto the open market for resale would simply worsen the situation, as supply already far outstripped demand. However, after recent figures released by the government show improvement, these properties are now becoming available, keeping supply high, and therefore prices low,” explained Barnes.

Tony Barnes is the manager of Immobilier Javea, a trusted and reputable real estate agency located in Javea on the Costa Blanca. The agency offers a wide range of properties and investment opportunities ranging from empty plots of land ready for building a dream villa, to luxury villas with private pools and extensive grounds.

Media Contact
Company Name: Immobilier Javea
Contact Person: Tony Barnes
Email: Send Email
Phone: (+44) (0)7767 421386
Address:Edificio Barclays Bank, Ctr Cabo La Nao 160a
City: Javea
State: Alicante
Country: Spain
Website: http://www.immobilierjavea.fr/

Source: www.abnewswire.com

ReleaseID: 12202

  • Latest StoriesMore>>

  • Social media helps Homewood bakery find missing truck in under an hour

    Social media helps Homewood bakery find missing truck in under an hour

    Sunday, July 27 2014 10:33 PM EDT2014-07-28 02:33:35 GMT
    A Homewood bakery got its missing truck back less than one hour after asking for help on social media. Two people saw the plea for help on social media and spotted it on their way home from a Barons game.More >>
    A Homewood bakery got its missing truck back less than one hour after asking for help on social media. Two people saw the plea for help on social media and spotted it on their way home from a Barons game.More >>
  • Nationwide manhunt for Ozark man accused of kidnapping, sexual assault

    Nationwide manhunt for Ozark man accused of kidnapping, sexual assault

    Sunday, July 27 2014 10:00 PM EDT2014-07-28 02:00:39 GMT
    David PittsDavid Pitts
    A 30 year old woman and 8 year old child are receiving medical treatment after they were kidnapped and sexually assaulted. A nationwide manhunt is now underway for the suspect.More >>
    A 30 year old woman and 8 year old child are receiving medical treatment after they were kidnapped and sexually assaulted. A nationwide manhunt is now underway for the suspect.More >>
  • Attorney "getting conflicting stories about absentee ballots" in contested JeffCo race

    Attorney "getting conflicting stories about absentee ballots" in contested JeffCo race

    Sunday, July 27 2014 7:08 PM EDT2014-07-27 23:08:43 GMT
    Jefferson County Commissioner Sandra Little Brown is expected to address the challenge to the District Two election results Monday. The contest was filed by one of her opponent's supporters. ABC 33/40 spoke with the attorney representing that supporter.More >>
    Jefferson County Commissioner Sandra Little Brown is expected to address the challenge to the District Two election results Monday. The contest was filed by one of her opponent's supporters. ABC 33/40 spoke with the attorney representing that supporter.More >>
  • Woman doused with gasoline and burned by ex-boyfriend

    Woman doused with gasoline and burned by ex-boyfriend

    Sunday, July 27 2014 5:04 PM EDT2014-07-27 21:04:38 GMT
    The Jefferson County Sheriff's department is looking for 48 year old Michael Kennedy. He's wanted on several charges after allegedly setting his ex-girlfriend on fire. Just after 2:30 this morning deputies respond to a report of a house fire in the 4400 block of Nellie Anderson Street. They arrived to find a 49 year old female victim with extensive burns to her head, arms, upper body and legs. She was transported to the hospital and admitted to a burn unit in serious condition. Investigators...More >>
    The Jefferson County Sheriff's department is looking for 48 year old Michael Kennedy. He's wanted on several charges after allegedly setting his ex-girlfriend on fire. Just after 2:30 this morning deputies respond to a report of a house fire in the 4400 block of Nellie Anderson Street. They arrived to find a 49 year old female victim with extensive burns to her head, arms, upper body and legs. She was transported to the hospital and admitted to a burn unit in serious condition. Investigators...More >>
  • A triple shooting leaves one person dead

    A triple shooting leaves one person dead

    Sunday, July 27 2014 11:51 AM EDT2014-07-27 15:51:55 GMT
    One person is dead and two others in juried in an early morning shooting in Ensley. Birmingham Police report incident occurred in the 1600 Block of Avenue I. Around 2:30 a.m. police were called to the location and found the victim lying face down in the street suffering from a gunshot wound to the back. Birmingham Fire and Rescue also responded to the scene and pronounced the victim deceased at the scene. The name of the victim has not yet been released pending notification of relatives. Ther...More >>
    One person is dead and two others in juried in an early morning shooting in Ensley. Birmingham Police report incident occurred in the 1600 Block of Avenue I. Around 2:30 a.m. police were called to the location and found the victim lying face down in the street suffering from a gunshot wound to the back. Birmingham Fire and Rescue also responded to the scene and pronounced the victim deceased at the scene. The name of the victim has not yet been released pending notification of relatives. Ther...More >>
  • Judge Rules Benz Plant Violated Labor Laws

    Judge Rules Benz Plant Violated Labor Laws

    Saturday, July 26 2014 11:29 PM EDT2014-07-27 03:29:07 GMT
    A judge has ruled Mercedes-Benz U.S. International violated labor laws while dealing with employees interested in forming a labor union.An administrative law judge for the National Labor Relations Board ordered MBUSI to revise rules in its employee handbook governing the solicitation and distribution of materials at its auto manufacturing plant in Vance.The United Auto Workers accused Mercedes managers of stymieing pro-union employees' efforts to distribute information about the union.Mercede...More >>
    A judge has ruled Mercedes-Benz U.S. International violated labor laws while dealing with employees interested in forming a labor union.An administrative law judge for the National Labor Relations Board ordered MBUSI to revise rules in its employee handbook governing the solicitation and distribution of materials at its auto manufacturing plant in Vance.The United Auto Workers accused Mercedes managers of stymieing pro-union employees' efforts to distribute information about the union.Mercede...More >>
  • Glen Allen man killed in accident involving logging truck

    Glen Allen man killed in accident involving logging truck

    Saturday, July 26 2014 6:17 PM EDT2014-07-26 22:17:25 GMT
    Alabama State Troopers say a 63 year old man from Glen Allen was killed in a two vehicle crash in Fayette County. It happened Friday night on County Road 73.More >>
    Alabama State Troopers say a 63 year old man from Glen Allen was killed in a two vehicle crash in Fayette County. It happened Friday night on County Road 73.More >>
  • Shooting victim's wife and sons want answers concerning homicide investigation

    Shooting victim's wife and sons want answers concerning homicide investigation

    Saturday, July 26 2014 6:11 PM EDT2014-07-26 22:11:45 GMT
    Family members grieve the loss of a 37-year-old man shot dead. Birmingham police are investigating. A family is asking questions as police hear conflicting stories.More >>
    Family members grieve the loss of a 37-year-old man shot dead. Birmingham police are investigating. A family is asking questions as police hear conflicting stories.
    More >>