During Q2 of 2019 there were 16,209 homes purchased across Spain by foreign buyers according to data from Spanish Association of Land Registrars. The market with the highest proportion of property buyers from abroad was Alicante province in the Valencia Region, home to the Costa Blanca, where 41.81% of home sales in Q2 involved a foreign buyer.
Next came Tenerife province in the Canary Islands (28.91%), followed by Malaga / Costa del Sol (27.9%), the Balearics (27.49%), and Girona / Costa Brava in Catalonia (26.04%).
Generally speaking the activity is from predominantly British buyers who aren’t being put off by Brexit ups and downs. And we can see why, as whether buyers are looking to come and live here in Spain or buy a holiday home, the property prices are still very reasonable and Spanish mortgages are available for non-residents.
The table* indicates the popularity of Andalucia and with the fabulous climate, top notch golf courses and great outdoor lifestyle you can see why. This area is only a few hours flight from the UK.
With a General Election looming and the cold weather closing in around the UK, what better time is there to start planning for your new life in the sun. Here at Bromley Estates we have a great selection of properties for all lifestyles and budgets and a multilingual team who know the areas of Andalucia very well.
If you would like to understand the Buying Process here we have a great document to help you, although speaking to one of the members of our team is just as easy. Call us on (Spain) 0034 952 939 460 or (UK) 0044 208 068 7606 or drop us an email on firstname.lastname@example.org.
We have some superb value exclusive developments at the moment.
*Spanish Property Insight