Let’s analyse the Second Home purchases by the Dutch in Spain
How active are the Dutch? What properties do they like? What are the most loved Spanish regions by Russians? How much do they pay? Do they prefer new build properties or resale? Do they need a mortgage for financing?
Both foreigners and Spaniards are very active on the property market in Spain. In 2018, foreigners bought close to 100.000 properties in Spain. Spaniards and Foreigners are buying the highest number of properties in 2018 vs any year since the crisis of 2008, have a look at our chart: more than 570.000 properties were bought, 16% of the purchases by foreigners.
Read our most recent article about that: Who are the foreigners buying real estate in Spain?
How active are the Dutch on the Spanish Real estate market? How much do they pay for their properties?
According to the “Consejo General del Notariado” in Spain, the Dutch are buying 8 properties per day, or about 2.800 for the last 12 months up to June 2018, in Spain. It is nearly 3 times more than in 2008. The price they pay on average is €1.764 per square meter. They pay just a little bit more than other foreigners buying properties in Spain. Check the evolution over the last 12 years.
Of course, depending on the region, price paid by foreigners per square meter is changing a lot. The Balearic Islands is the most expensive region if you want to buy a second home in Spain. Another factor factor to take into account for the price is if the property is a new build property or a resale.
Here is the price evolution for a square meter in all the different Spanish Regions:
If you want to know more about the property prices in all the Spanish cities, please check our Quarterly report on the Spanish property prices.
What are the most loved Spanish regions by the Dutch?
The Dutch love to buy in the Valencian Community, in Andalusia and in Catalonia. They love the Costa Blanca and the Costa del Sol…
Where are foreigners buying in Spain? In which Regions, in Which Cities?
Foreigners are actively buying properties in many Spanish cities: for Alicante, Tenerife, Ibiza and Palma de Mallorca, Malaga and Girona, they represent more than one transaction out of 4.
Here are the most active regions
Here are the most active cities
If you want to read more on the subject: Which are the top 10 Spanish cities where foreigners are buying properties?
What properties do they like?
1 Dutch out of 2 are buying properties bigger than 100 square meters. The Dutch are the most active foreigners looking at the biggest surface.
Do the Dutch prefer Spanish new build properties or resale?
One out of five Dutch is buying a New build property in Spain. The other 80% buy resale.
Do the Dutch take a mortgage for their Second Home?
17% of the property purchases done by the Dutch in Spain are done with a mortgage. For the transactions with a mortgage, the mortgage size is 181.400 EUR.