From what nationalities are the foreigners who buy property in Spain?
About 20% of the total purchase of housing in Spain is made by foreign citizens. In this article we explain where they come from.
The data provided regularly by the General Council of Notaries show that since the second half of 2014 to date there have been more foreign sales transactions than in 2007, in the midst of a real estate boom. It's possible? Let's look at it carefully.
Specifically in the first half of 2016 the historical record of purchases made by foreigners was largely exceeded, reaching 43,519 operations.
And there is no doubt that Spain enjoys a special attraction for citizens of other countries for their relaxed lifestyle, climate, and cheap cost of living compared to their countries. To all this must be added for years a real estate market that fits in with the needs of both the variety of prices and the type of housing.
The British, the largest investor market despite fear of Brexit.
The English are still the main buyers of properties in Spain, with 8,282 operations, 19% of the total. Followed by the French (8%, 3,479), the Germans (7.8%, with 3,413), and Italians (6.5%, with 2,815), account for more than half of sales in this period.
On the other hand, there is a strong increase in the purchases of some nationalities such as Ecuadorians, whose operations have increased by 68.2%, followed by Moroccans (49.2%), Swedes (41.2%) and Danes (38 , 0%).
Vincent Real Estate helps you to find in Arenales del Sol property for sale.
If you are a foreigner, you can count on our real estate agent. At Vincent Real Estate we provide you with real estate advice ranging from the initial aspects of your home search to the moment you are furnishing your new home and finalizing the details to set you up.
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