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The purchases of housing by foreigners in Spain rise

In 2016, for the first time in six years, foreign residents purchased more homes than non-residents.

Recently, the General Council of Notaries has published the latest data on the transactions of housing made by foreigners in Spain in the second half of 2016. In this report we can find very significant data.

Perhaps one of the most important is that the purchase and sale of free housing by foreign buyers has experienced a year-on-year growth of 6.4% in the second half of last year and that almost half of these transactions were carried out by non-residents.

The British buyer, majority despite Brexit.

By nationality, British (15.5%), French (9.3%), German (8%), Italian (6.5%) and Romanian (6%) ,2%). The British are still the most active, but the percentage of Ecuadorians and Moroccans have been surpassed by Romanians and Italians.

The profile of the foreign resident buyer has changed between 2007 and 2016. While in 2007 the resident foreigners from the United Kingdom, Ecuador, Morocco and Romania were the most common, in 2016 are the Romanians who occupy the first position, followed Of the British, Italian, Moroccan and Chinese.

Among nonresident foreigners, the British remain the first on the list, but while in 2007 they were accompanied by the Irish, they are closely followed by the French, Germans, Swedes and Belgians, whose number of operations has grown in the last year.

Barceló Real Estate helps you find new build property in Torrevieja and the Costa Blanca.

Buying a villa or other type of property on the Costa Blanca or Orihuela Costa is something very easy with Barceló Real Estate. We are specialists in foreign clients because we know exactly what your wishes and needs are.

Whether you are looking for a second hand, new construction, flat or turnkey, Barceló Real Estate we offer you a catalog with a wide range of properties, in which we are sure you will find the one you are looking for.