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43% leap in sale of Spanish property to overseas buyers

  • 25/10/2013
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43% leap in sale of Spanish property to overseas buyers
Non-resident foreigners bought 43% more Spanish homes in the second quarter of 2013 than the same time in 2012.

According to figures released by the General Council of Notaries, overseas buyers purchased 14,593 properties in Spain between April and June this year.

Non-residents accounted for 55% of foreign demand, around 8,030 property purchases, and residents were responsible for 45%, around 6,570 homes. The most numerous non-resident purchasers were Belgians, up 78% on last year, followed by the French (+70%) the Germans (+35%) and British (25%).

The Belgians also topped increased demand amongst foreign residents, up 42%, followed by Moroccans (+40%), Russians (+21%), French (+8%), and Germans (5%).

Purchases from buyers from all other nations fell.

Brits are still the most prevalent foreign purchasers, but their market share has shrunk from 39% in the last three months of 2007 to 15% now. However, they the still the biggest group of buyers, followed by the French (11%), Russians (9%), Germans (8%), and the Belgians (8%).

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