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The investment in housing by resident foreigners in Spain increased by 19% in 2016
By region, the Valencian Community, with a total investment figure of 1,926.7 million euros, was the Autonomous Community of Spain that captured a greater amount of foreign real estate investment.
The investment in housing by foreign residents in Spain increased during the first nine months of 2016 19%, according to data from the Ministry of Public Works. Specifically, these transactions amounted to 8,445.9 million euros, compared to the 7,098.9 million euros reached in 2015.
Greater investment in second-hand housing.
Of this total, up to 7,524.7 million euros went to second-hand housing, while 921.1 million euros were invested to buy new housing. By regions, the Valencian Community was the one that monopolized a greater amount of investment, with 1,926.7 million euros, ahead of Andalusia and Catalonia.
By provinces, at the head of this investment was located Alicante and Malaga, with 1,653.6 and 1,510 million euros, respectively.
Nonresident foreigners invested more.
Differentiating between resident and nonresident foreigners, 51.7% of the sale and purchase transactions were carried out by nonresident foreigners. Even so, the purchase and sale of free housing by resident foreigners increased by 19%, a rate higher than that experienced by non-resident foreign buyers, which stood at 8.4%.Vincent Real Estate helps you to find in Pilar de la Horadada property for sale.
