Increasing numbers of Russian investors are looking into purchasing property in Spain rather than the stockmarket, it has been claimed.

An expert at the Bolt Property Group said that the consistently good weather and the "stunning countryside" were major factors in the rising interest, reports easier.com.

With a 46 per cent drop in the RTS index in May this year, many investors in the country are choosing to spend their money elsewhere.

Hadleigh Bolt commented: "We’ve seen a certain rise in the number of Russian nationals expressing interest in our bespoke properties."

He added that many of them want tailor-made homes in the western-European country and said that easier air access and plenty of facilities were also important.

First Choice recently identified Spain as a popular location for families from the UK looking for a cheap holiday. Its figures record an increase in the number of bookings for trips in half-term on the same period last year.