Amount of Foreign Buyers Grew Higher Than Spanish Buyers in Spanish Property Market

Amount of Foreign Buyers Grew Higher Than Spanish Buyers in Spanish Property Market

Costa de sol property for sale continues to be in demand

Data has emerged that shows the amount of non-Spanish property buyers in Spain grew by 12.9% in 2015. Roughly 1 in 5 homes sold in Spain in 2015 was sold to a foreign buyer.

Overall a grand total of 76,780 homes were sold to foreigners in Spain. This was a big increase on the number sold in 2014 and was much higher than the 9% increase in Spanish buyers.

A total of 383,987 homes were sold in Spain 2015. Outside of native buyers the most buyers came from Britain. British buyers accounted for 20.6% of all the homes sold to non-Spanish buyers.

British interest also grew more than any other country. The number of homes sold to British buyers was up a whopping 37.7%; over 4 times the increase in growth for Spanish buyers.

British property buyers bought a total of 15,810 homes last year. They were definitely the biggest foreign national group. France came in second with 8.8% of the homes sold to non-nationals going to the French. Next came the Germans at 7.5%, Belgians at 5.7% and Italians at 5.3%.

The sixth-largest nationality were the Romanians. They made up 5.3% of all the homes sold to foreign nationals. This was a massive growth of 59% on the previous year. The amount of Russian interest dropped a little and the amount of American interest stayed roughly the same.

Most of the property sold to a foreign buyer was in Andalucía with 20.5% of all the homes sold to foreign nationals in the city. This suggests that the climate, infrastructure and culture of the entire Costa del Sol region is bringing in the buyers.

The Valencia region was the place where the most property was sold to foreign buyers though. Valencia is home to Costa Blanca and 27.6% of the homes sold to foreign nationals were in the Valencia region. Other popular regions were Catalunya at 15.3% and the Canary Islands at 10.1%.