Foreign demand for property increased in Q2

Property in Spain has long been on the wish list of foreign buyers and still there are many positive reasons to buy a property here, whether you choose to live in Spain permanently or just as a second home or investment. In the second quarter of 2018 foreign demand for property in Spain increased by 11% to 17,338 purchases recorded by the Association of Spanish Land Registrars, according to their latest report.
The overall Spanish property market increased by 12% with 134,196 recorded sales in the period.
Local demand growth was 12.6%, outpacing foreign demand and leaving the market share of foreign buyers down a fraction to just under 13%.
Notwithstanding Brexit, the British were still the biggest group of foreign buyers with 15% of the foreign market, almost double the size of the next biggest group – the French.

The biggest percentage increase in foreign demand came from Ireland, up 47%.

British demand is once again growing faster than the other two big markets of France and Germany and heading back towards a dominant position.

Foreign buyers are still clearly interested in buying property in Spain and what indeed is not to love? Here you can find great deals on new builds and off plan purchases and there is a property suit everyone from a finca in the country to large family villas and lock up and leave holiday apartments. Prices here still compare extremely well to the rest of the EU and of course the fantastic infrastructure & quality lifestyle here is one that will continue to draw people in for many years to come.

If you would like to know more about property for sale or what areas may be best for the lifestyle you are looking for then contact one of our multilingual team today.