Foreign buyers, particularly from the United Kingdom, France, Germany, Belgium, and Italy, are the biggest property buyers in Spain.
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Foreign buyers, particularly from the United Kingdom, France, Germany, Belgium, and Italy, are the biggest property buyers in Spain. In an interview with the Financial Times, Fernando Encinar, co-founder of Idealista, a Spanish property website, said that despite the pandemic, foreign buyers still see Spain as a safe haven for investment. According to official statistics from the Spanish government, foreign buyers purchased 17.4% of total residential properties in Spain in 2020.
Interesting facts:
- Spanish property sales to non-residents increased by 6.4% in 2020, despite the pandemic.
- The Balearic Islands, located in the Mediterranean Sea, have the highest proportion of non-Spanish buyers, with foreign buyers accounting for 30% of all property purchases in the region.
- The Spanish government introduced a residency visa scheme in 2013, which provides a pathway to residency for non-EU nationals who invest €500,000 or more in Spanish property.
- In 2020, the Costa del Sol, located in southern Spain, was the most popular region for foreign buyers, followed by the Balearic Islands and the Costa Blanca.
- British buyers were the most frequent buyers in 2020, purchasing 12.3% of all residential properties sold to non-residents in Spain.
- French buyers were the second most frequent buyers, with 8.7% of all residential properties sold to non-residents in Spain.
- Germany and Belgium followed closely behind, with 7.9% and 7.8% respectively.
Table:
| Country | Percentage of non-residential properties purchased |
|---|---|
| United Kingdom | 12.3% |
| France | 8.7% |
| Germany | 7.9% |
| Belgium | 7.8% |
| Italy | 6.2% |
Video response to “Who are the biggest property buyers in Spain?”
The video “Buying property in Spain. Is it a risky experience?” discusses the risks associated with purchasing property in Spain, given common issues with debts and illegal constructions. Due diligence is essential when buying properties in Spain, especially if English-speaking lawyers are engaged. The speaker also shares their personal experience with buying off-plan properties in both Spain and Portugal, which, while the experience in Spain was nerve-wracking, is much smoother in Portugal. The speaker suggests that those looking to buy property in Spain should be wary of dodgy areas, despite the attraction of low prices.
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The foreigners buying the most property in Spain in 2022/2023 are the British (9.30%), Germans (8.04%), French (6.21%), Romanians (4.58%), Belgians (4.27%), Dutch (4.10%) and Moroccans (4.01%). However, the importance of the British buyer is lower than ever.
For the last 12 months to the end of June 2022, the most active nationalities were :
- the British with 11.2% of the property purchased by foreigners in Spain,
- the Germans with 10.3% of the property purchased by foreigners in Spain,
- the French with 8% of the property purchased by foreigners in Spain,
- the Romanians with 6.7% of the property purchased by foreigners in Spain,
- the Italians with 5.9% of the property purchased by foreigners in Spain,
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In this regard, Are people buying properties in Spain?
Activity is back on the real estate market in Spain: both Spaniards and foreigners are buying now: 703,331 property transactions for the last 12 months: +18% yearly growth property activity by Spaniards increased by 13% year-on-year to 562,956 property activity by foreign buyers increased by 47% year-on-year to 136,921
One may also ask, How many foreigners own houses in Spain? Total purchases and sales by foreigners in 2022 by quarter
For example only between June and September 2022, foreigners bought 26,728 homes in Spain, (Association of Registrars) which represents 15.92% of the total number of registered sales and purchases, and what seems to be a new record in this sector.
Likewise, What is the current real estate market in Spain? In reply to that: Property demand remained strong in 2022 despite rising mortgage rates. Despite a significant rise in mortgage rates, demand for real estate remained strong in 2022, with a 16% surge in the number of transactions and an 11% uptick in mortgage production compared to 2021 which was also an exceptionally strong year.
Why Brits are buying on the Costa del Sol?
Costa del Sol’s Sunny Weather and Mild Winters
Our dry micro-climate means we benefit from warm winters, and the southern mountains protect the Costa from cold winds. With Brits leading the expat community, Scandinavian countries come second in terms of immigration.
Accordingly, Which country buys the most property in Spain? the British with 11.2% of the property purchased by foreigners in Spain, the Germans with 10.3% of the property purchased by foreigners in Spain, the French with 8% of the property purchased by foreigners in Spain, the Romanians with 6.7% of the property purchased by foreigners in Spain,
How many homes have foreigners bought in Spain in 2022? Response will be: Between June and September 2022, foreigners bought 26,728 homes, which represents 15.92% of the total number of registered sales and purchases in Spain. Quality of life, the climate and the kilometres of coastline in Spain are just a few of the things that are increasingly attracting foreigners.
Keeping this in consideration, Is Spain’s biggest hotel owner and fully private landlord?
The move, after its prior acquisitions, will cement its position as Spain’s biggest hotel owner and fully private landlord.
Are nationalities losing weight when buying property in Spain? Answer: Another novelty in these statistics is that the nationalities that have always been the most prominent when it comes to buying property in Spain have been losing relative weight, giving way to a diversification of nationalities.
Regarding this, Which country buys the most property in Spain?
Response to this: the British with 11.2% of the property purchased by foreigners in Spain, the Germans with 10.3% of the property purchased by foreigners in Spain, the French with 8% of the property purchased by foreigners in Spain, the Romanians with 6.7% of the property purchased by foreigners in Spain,
Additionally, What are the best real estate websites in Spain? As an answer to this: Spain is a country of 47 million inhabitants, where 2 property portals are clear leaders: Idealista, and Fotocasa. Looking for the best real estate websites in Spain? Spain is a country of 47 million inhabitants, where 2 property portals are leaders: Idealista, and Fotocasa.
Herein, Is Spain a safe place to invest in real estate? There’s no denying the fact that Spain is a safe choice when it comes to real estate investments. And the numbers have been clearly backing that up during the past years. That is why many foreigners decide to buy a property in the country; being in Madrid, Barcelona, Valencia, Marbella or in any of the other amazing Spanish cities.
Subsequently, Who owns the land to build a new home in Spain? Together with Neinor, AEDAS, Vía Célere, Corp and Pryconsa, Metrovacesa is the only developer that already owns all the necessary land required to develop these homes. See below the top 20 developers in Spain between 2018 and 2020. It ranks them by the number of homes they are expected to build.