Third Anniversary of Russian Invasion of Ukraine: Impact on Costa del Sol
The third anniversary of the Russian invasion of Ukraine was marked on Monday, 24 February. This conflict has had global repercussions and a significant economic impact on the Costa del Sol. Marbella has become a refuge for many affluent Ukrainians, leading to a surge in luxury property sales and the establishment of new businesses by Ukrainian entrepreneurs.
Eastern European Demand for Luxury Properties in Marbella
According to Javier Nieto, CEO of Pure Living Properties, the war has spurred an increased demand from eastern European buyers seeking a secure and stable location in the southern part of the continent. Marbella has witnessed a rise in Ukrainian, Polish, and other buyers from the region, contributing to the growing list of nationalities interested in luxury property on the Costa del Sol.
Marbella: A New Home and Business Hub for Ukrainians
Marbella was initially seen as a place to invest in housing, both to protect capital and for Ukrainians who initially relocated their businesses to the Malaga Technology Park (PTA). However, it has now become clear that the town is not only a new place to live but also a new place to start a business. These eastern European residents are establishing their own businesses in sectors such as hospitality, healthcare, and technology.
Ukrainian Population in Marbella Doubles in Three Years
Marbella’s municipal census data, updated to include figures for February 2025, shows that in February 2022, there were 2,501 Ukrainian inhabitants registered in the town. However, three years later, in February this year, the figure stands at 4,921, indicating that this population has doubled. The town has gained 2,420 more inhabitants since the invasion, making the Ukrainian community the fourth largest after Spanish, Moroccan, and British residents.
Marbella’s Economic Boost and Solidarity
Marbella has received a significant economic boost from Ukrainians who have settled and continue to move there. Not only wealthy Ukrainians have found a home in the town; many others have also settled there since February 2022. Oksana Knysh, Marbella coordinator of the Ukrainian association ‘Maydan Málaga’, expressed gratitude for the enormous solidarity shown by both the town hall and the people of Marbella.
Ukrainians in Marbella Protest Against Trump’s Stance on Russia
A new concern for the Ukrainians is Donald Trump. On Sunday 23 February, members of the community gathered on Avenida del Mar to protest against the ongoing situation in their country and the international situation, particularly in light of the new president of the United States. Natalia Koer, president of the Maydan Malaga Ukrainian association, criticized Trump’s intention to soften the declaration of Russia as a terrorist state.
Ukrainians and Venezuelans Unite in Protest
The protest saw cries of ‘Long live Ukraine’ among a sea of Ukrainian flags, which waved alongside those of Spain and Europe. Venezuelans also joined the Ukrainian people in the protest, showing their support while expressing their concerns about the situation in their own country.
