The real estate investment of foreign citizens resident in Spain increased during the first nine months of the year 19%, according to data from the Ministry of Public Works. Specifically, these transactions amounted to 8,445.9 million euros, compared to 7,098.9 million euros in 2015.
Of the total amount, second-hand housing mobilized up to 7,524.7 million euros. By contrast, 921.1 million euros were earmarked for the purchase of new housing. By regions, the Valencian Community was the one that monopolized a greater amount of investment, with 1,926.7 million euros. It was followed by Andalusia and Catalonia.
By provinces, at the head of this investment were located Alicante and Malaga, with 1,653.6 and 1,510 million euros, respectively.
According to data from the Ministry of Development, of the total amount, the bulk of this investment was concentrated in second hand housing, which mobilized 7,524.7 million euros, compared to 921.1 million that were invested in new housing. With regard to 2015, the amount of second-hand housing operations grew by 19.3% and that of new-build real estate by 16.2%.
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