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%.
Check out the new developments in La Mata, in Torrevieja, just a few meters from the beach. In this area you will find all kinds of services such as bars, restaurants, shops, supermarkets and much more. Great variety of houses with finishes of last generation within urbanizations with all kinds of amenities like swimming pool, parking, garden areas and for children.
At Barceló Real Estate we have been working for more than 10 years to offer our clients the best properties on the Costa Blanca and Orihuela Costa. Our desire is that through us you can find the ideal property in which to get the most out of the sun and the Mediterranean Sea. Get in touch with us today.
