Poles are fearing a Russian invasion and are increasingly buying properties on the Costa del Sol

Wednesday, May 8, 2024

El Confidencial

Geopolitical fears drive increased property purchases by Poles and Lithuanians in Spain’s Costa del Sol as a perceived safe haven.

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[This is an automatically generated summary, for reference only]

Polish families are increasingly moving to areas like Estepona and Marbella on Spain’s Costa del Sol due to fears of war in Poland with Russia, seeking a perceived safe haven for their children. This trend has significantly boosted property purchases from Polish citizens, who are motivated by geopolitical concerns rather than just the climate. Real estate agents note a shift in buyer profiles, moving from high-end luxury buyers to middle-to-high income families looking for modern homes. While some buy as long-term residences, others invest remotely. Similar trends are observed among investors from Baltic countries like Lithuania, who also view Spain as a secure alternative. Experts suggest these purchases are a calculated response to perceived threats rather than panic buying.

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