Ricardo Arranz de Miguel is the Owner of Villa Padierna Hotel and Resort; Chairman of the Andalusian Federation of Urban Developers and Residential Tourism.
The Russian market, today one of Europe’s strongest, has shown a great deal of interest in the Spanish coastline for quite some time. In view of this, numerous events have been held in recent years in a bid to enhance relations between the two countries and promote real estate investments. We sat down with Ricardo Arranz de Miguel, one of the area’s most prominent businessmen, at the Russian Meeting Point in Marbella.
Tell us about the first edition of the Russian Meeting Point in Marbella.
It’s a trade show with a unique format that has managed to attract 100% of the stock range currently available in the “Golden Triangle”: Marbella, Benahavis and Estepona, and geared it towards the Russian market, for investors, professionals and real estate companies. As a result of the crisis, the Russian market, which represents 80%, has discounts of 50% and potential funding of up to 100%.
What is the solution to the Spanish crisis?
I feel Marbella and the surrounding area went into crisis before the rest of the country and is working hard to get out sooner. Actually, sales are up as of this past year. The difference here is that we need to focus wholeheartedly on quality, not just in terms of construction, but in architecture, environment, gardening. Marbella needs to commit itself 100% to quality, to create new hotels.