Report Shows a Rising Demand by British buyers for Spanish Property.

The College of Property Registrars have released data that shows that there has been an increase of 81% in the number of British buying Spanish properties. This is a welcome return of foreign investors to the market.

Data was released earlier this year that showed that Brits were responsible for buying 21%, or one fifth, of the properties sold to foreign nationals in 2015. These statistics also show the strength of the recovery for British buying property in Spain.

British buyers in the Costa del Sol.

The amount of property transactions involving British buyers in 2015 was up to 9,956, a huge increase on the numbers for last year and more than twice the amount of French investors, who made up 9% of foreign transactions with 4,116 homes purchased in Spain last year.

The third largest group of buyers were the Germans, who purchased 7%, or 3,445, of the homes sold to foreign investors.

Demand from foreign buyers has risen by 11% in 2015 based on sales figures from 2104. The signs so far point to an even bigger rise in 2016.

Spanish Property expert Mark Stucklin says that the biggest story from last year is that there was an 81% rise in British demand for Spanish properties. The British are once again the dominant force in foreign demand, but they aren’t quite at the levels they were during the boom period and many northern Europeans are starting to move to Spain in search of a better lifestyle and warmer climate.

Stucklin also commented on what he feels made the market more desirable than in previous years. He said this was down to the low Spanish property prices, as prices have dropped roughly 40 to 50% from their peak before the crash, and the strength of the Euro compared to the pound making it very attractive to buy property in the Costa del Sol and Spain as a whole.