Where are foreigners buying properties in Spain in 2022?

Which nationalities are active? Are they residents or not? Which nationalities are buying Real Estate in Spain? What price do they pay?

Europeans are buying properties in Spain as never: 137,000 properties bought by foreigners. Of course, we see many Europeans active as usual and the United Kingdom is still the first country to buy properties in Spain. A new trend is that we see foreigners coming from further: Latin America with Argentina and Venezuela, America and China are there too. Americans are benefitting from a steep discount: the euro is cheaper by 20% in 2022 vs the dollar.

A quick reminder before starting this interesting subject, please remember that if you want to buy a property in Spain, you need an NIE number, read our detailed article for more information: Your ultimate guide to your Spain NIE number – NIE Spain. Another interesting article we would recommend: How to buy a property in Spain as a foreigner? At Howtobuyinspain.com we have the best experts in our network to assist you everywhere in Spain. As you will see in this article, we have the best tools and database to know where the market is and what are the trends. Thanks to that, we help our customers to make the best deals in Spain.

As for all our articles, in this article, you will find interactive charts showing detailed data with a mouse click on it and we have static charts available for download. Please note that our interactive charts have always the most recent data as they are linked to our databases. Of course, our static charts are regularly updated.

1. Which nationalities are buying properties in Spain?

The Statistical Information Center of Notaries in Spain has just released its last report on Foreigners’ activity in the property market.

What was the activity in the Spanish real estate market up to June 2022?

• 703,331 property transactions for the last 12 months: +18% yearly growth
• property activity by Spaniards increased by 13% year-on-year to 562,956
• property activity by foreign buyers increased by 47% year-on-year to 136,921
• This equals 19% of all the property transactions that occurred in Spain.
• 45% of the transactions were carried out by non-resident foreigners and 55% by foreigners living in Spain!

Spaniards and Foreigners are very active: both are buying the most since 2008:

Quarterly statistics of the “Ministerio de Fomento”.

Which are the most active nationalities within the EU buying properties in Spain?

For the last 12 months to the end of June 2022, the most active nationalities were :

• the British with 11.2% of the property purchased by foreigners in Spain,
• the Germans with 10.3% of the property purchased by foreigners in Spain,
• the French with 8% of the property purchased by foreigners in Spain,
• the Romanians with 6.7% of the property purchased by foreigners in Spain,
• the Italians with 5.9% of the property purchased by foreigners in Spain,
• the Belgians with 5.2% of the property purchased by foreigners in Spain,
• the Dutch with 4.9% of the property purchased by foreigners in Spain,
• and the Swedish with 4.2% of the property purchased by foreigners in Spain,

Check our foreigners’ profiles and buyers guides: What are the ideal Spanish properties for Belgians Chinese Dutch English French Germans Italians Moroccans
Romanians Russians Swedish?

Discover the best new build projects in Spain available right now

Most active nationalities outside the EU buying real estate in Spain

The proportion of purchases was also high by foreigners outside the EU:

such as Morocco (7.7%), China (2.6%) or Russia (2%), America (1.6%) and other countries outside the EU 11.2%

If you want to live in Spain, have a quick check at our interesting article on the Golden Visa: Golden Visa in Spain: Your ultimate guide!

Don’t forget to hedge your currency smartly if you are buying from outside the European zone.

Here you go, a quick check of all the nationalities:

Here is the same info reproduced with a pie chart:

Source: Centro de Información Estadística del Notariado de Espana

Which nationalities are buying more properties during the last 12 months to June 2022?

Of course, Europeans are very active in the property market in Spain. Most Europeans come from northern countries. A more recent trend we noticed at howtobuyinSpain in 2022 with many new customers flowing in: Americans are buying actively everywhere in Spain, thanks to the weak Euro vs Dollar. Yes, the Euro lost 20% this year, not bad for Americans looking for bargains. Have a look at our paper written by our property hunter in Madrid for more on that: Americans are buying properties in Madrid.

Here are the countries increasing the most their property purchases in Spain in 2022 vs 2021 (last 12 months to June):

• Netherlands +101%
• Germany +81%
• Ireland +95%
• Norway +72%
• Denmark +70%
• USA +69%
• Sweden +66%
• Switzerland +62%
• Argentina +45%
• France +41%
• Belgium +36%
• UK +36%
• China +31%

Source: Centro de Información Estadística del Notariado de Espana

Which nationalities are less active during the last 12 months to June 2022?

All countries have a positive growth

Here is the evolution of the purchases done by each nationality since 2008

This was the situation end of 2016 when we wrote this article for the first time: we keep the same top 3 nations.

Foreigners living in Spain are more active

• Foreigners living in Spain recorded 74,643 operations, 26% more than one year before.
• Non-resident foreigners bought 62,278 properties, an increase of 84% year-on-year.

This is quite a strong vote of confidence by foreigners living in Spain! Of course, they work there and it is easier for them to buy than non-resident foreigners. Covid had its impacts: people wanted to remote work from a nice place if they could: Spain is a nice option. Others wanted to enjoy a better quality of life: more space, more sun, a better quality of life… while of course, the cost of living in Spain is much lower than in many places in the world and in Europe. For more on that, read our articles: Which are the cheapest cities to live in Spain? The cost of living in Spain vs the UK, Relocate to Spain? Spain is one of the best countries in the world for relocating and for working remotely.

1. Best Professionals 2. Follow up 3. Competitive pricing 4. Partners 5. Qualitative Check

Check our chart analyzing who is more active in the Spanish property market: Foreigners or Spaniards with the evolution since 2007 (the year before the crisis):

2. Where are foreigners buying properties in Spain?

What are the main regions in Spain where foreigners are buying real estate?

Same info in a downloadable format:

Source: Centro de Información Estadística del Notariado de Espana

What is the evolution of each region in Spain during the last 12 months to June 2022?

Check the property transaction growth for each region in Red (right scale) with the number of transactions in Blue (left scale)

Most active regions – The biggest activity of foreigners vs Spaniards?

According to the “Colegio de Registradores de la Propiedad”, the Autonomous Communities with a greater weight of foreigners’ transactions vs Spaniards in the fourth quarter of 2021 are

• The Balearic Islands with 39% of all transactions,
• The Canary Islands with 26% of all transactions,
• The Valencian Community with 24% of all transactions,
• Murcia with 17% of all transactions,
• and Andalusia with 13% of all transactions.

Check our interactive chart on that:

Most active cities where foreigners are buying the most real estate in Spain vs Spaniards?

According to the “Colegio de Registradores de la Propiedad”, the cities where foreigners are the most active (vs Spaniards) in the fourth quarter of 2021 are:

• Alicante
• The Balearic Islands
• Malaga
• Tenerife
• Girona
• Murcia
• Almeria
• Las Palmas
• Castellon
• Tarragona
• Barcelona
• Lleida
• Valencia

Check our interactive chart on that:

Source

Which Spanish regions are the most popular for which nationalities?

We did the ranking for the 12 most active countries in Spain.

Check the evolution of the foreigners’ activity per region since 2007:

Remember the infographic we did on the subject last year, it remains nearly the same in 2018!

3. What price do foreigners pay to buy a property in Spain?

Check the evolution of the price paid for each Spanish region since 2007 by foreigners:

The average price per square meter of properties bought in Spain by foreigners increased by 2% year-on-year to June 2022. The acceleration of real estate prices was recorded both among property transactions done by non-residents and by residents, although the former paid higher prices than the second ones, € 2,522/ m² against € 1,622 / m², respectively (with an average of € 2,062/ m²)

This price discrepancy between foreigners living in Spain and not living in Spain could come from many factors:

• Non-residents are buying top-notch second homes in more expensive locations: expensive cities and premium areas with sea views and large terraces for instance. They are going for the best properties on the market.
• Non-residents who are buying a second home in Spain are wealthy and have a higher budget from start.
• Non-residents are buying newbuild properties in Spain and newbuild properties are more expensive than resale,
• Some new “resident foreigners” relocate to Spain because of the high quality of life in Spain and the low cost of real estate in Spain. So they are looking to start a new life they can afford and will go for low-cost properties inland. Read more on that in our article: Which are the most expensive and cheapest cities to live in Spain?

You can check the evolution of the price per square m paid by foreigners (resident or not in Spain) and Spaniards (resident or not in Spain) since December 2007 (the year before the crisis) on this chart:

In terms of levels, the average price per square meter paid by foreigners continued to register strong differences between each region. End of June 2022, it was below the national average
of € 1,741 in 12 of the 17 Regions. Please note that the average paid per square meter by foreigners is € 2,062.

Regions under €1,000:

Extremadura, Castilla-La Mancha, La Rioja, Castilla y León, Aragón and Galicia.

Regions between € 1,000 and the national average paid by foreigners for real estate €1,741

Murcia, Asturias, Navarra, Cantabria and the Valencian Community

Regions above the national average for properties in Spain € 1,741

• The Canary Islands €2,195,
• Catalonia €2,249,
• Basque Country €2,230,
• Madrid €2,893,
• and Baleares €3,894.

Interestingly, all those regions are areas of interest to foreigners apart from the Basque Country, a region much appreciated by the French.

Let’s have a closer look at current property prices (value written in Blue on the chart) and at the price evolution (left scale) for each Spanish region for one year. The regions are Alphabetically sorted.

As you can see from the chart we just showed: prices are increasing everywhere.

Spanish regions with the fastest increasing prices over the last year to June 2022

Spanish regions with decreasing prices over the last year

• None

If you want to read more on the subject and you missed our paper of last semester: Which are the top 10 Spanish cities where foreigners are buying properties NOW? And don’t miss our property buyers guide written for any foreign country.

Source: Read the full paper in Spanish here.

Who are the foreigners paying the most in Spain for their properties?

As of June 2022, here is our alphabetical ranking of real estate prices paid by foreigners in Spain:

• People from Argentina pay on average 1759 € per square meter for their properties in Spain.
• People from Belgium pay on average 2104 € per square meter for their properties in Spain.
• People from China pay on average 1741 € per square meter for their properties in Spain.
• People from Denmark pay on average 2870 € per square meter for their properties in Spain.
• People from Ecuador pay on average 1198 € per square meter for their properties in Spain.
• People from France pay on average 2149 € per square meter for their properties in Spain.
• People from Germany pay on average 2657 € per square meter for their properties in Spain.
• People from Ireland pay on average 2092 € per square meter for their properties in Spain.
• People from Italy pay on average 2103 € per square meter for their properties in Spain.
• People from Morocco pay on average 694 € per square meter for their properties in Spain.
• People from the Netherlands pay on average 2252 € per square meter for their properties in Spain.
• People from Norway pay on average 2701 € per square meter for their properties in Spain.
• People from other countries in EU pay on average 2148 € per square meter for their properties in Spain.
• People from other countries in the world (outside EU) pay on average 2015 € per square meter for their properties in Spain.
• People from Portugal pay on average 1782 € per square meter for their properties in Spain.
• People from Romania pay on average 1097 € per square meter for their properties in Spain.
• People from Russia pay on average 1989 € per square meter for their properties in Spain.
• People from Sweden pay on average 2701 € per square meter for their properties in Spain.
• People from Switzerland pay on average 2567 € per square meter for their properties in Spain.
• People from the UK pay on average 2003 € per square meter for their properties in Spain.
• People from Ukraine pay on average 1612 € per square meter for their properties in Spain.
• People from the USA pay on average 2837 € per square meter for their properties in Spain.

Here is our downloadable infographic on that:

Source: Centro de Información Estadística del Notariado de Espana

Of course, there are many reasons to explain those differences:

• The region where those nationalities are buying on average,
• The location of the property: sea view? countryside? within a city?
• The type of properties: villa or apartment, newbuild or resale, with terrace or plot or not,…

So, those are just “statistics” but they are interesting as price discrepancies between foreigners are quite big when foreigners buy properties in Spain.

4. How to start your property search in Spain?

Here is our A to Z must-read guide: Our ultimate 2022 guide to buying your property in Spain.

At HTBIS, we assist foreigners with their property search in Spain thanks to our network of local partners: legal advisers, tax advisers, property hunters and much more. Discover all our partners here.

Looking for an expert in Spain? Ask us directly!

Stéphane

Senior analyst and strategist at HTBIS

Check the full HTBIS team here

FAQ

The post Where are foreigners buying properties in Spain in 2022? appeared first on How to buy in Spain.

Where are foreigners buying properties in Spain in 2022?

Which nationalities are active? Are they residents or not? Which nationalities are buying Real Estate in Spain? What price do they pay?

Europeans are buying properties in Spain as never: 137,000 properties bought by foreigners. Of course, we see many Europeans active as usual and the United Kingdom is still the first country to buy properties in Spain. A new trend is that we see foreigners coming from further: Latin America with Argentina and Venezuela, America and China are there too. Americans are benefitting from a steep discount: the euro is cheaper by 20% in 2022 vs the dollar.

A quick reminder before starting this interesting subject, please remember that if you want to buy a property in Spain, you need an NIE number, read our detailed article for more information: Your ultimate guide to your Spain NIE number – NIE Spain. Another interesting article we would recommend: How to buy a property in Spain as a foreigner? At Howtobuyinspain.com we have the best experts in our network to assist you everywhere in Spain. As you will see in this article, we have the best tools and database to know where the market is and what are the trends. Thanks to that, we help our customers to make the best deals in Spain.

As for all our articles, in this article, you will find interactive charts showing detailed data with a mouse click on it and we have static charts available for download. Please note that our interactive charts have always the most recent data as they are linked to our databases. Of course, our static charts are regularly updated.

1. Which nationalities are buying properties in Spain?

The Statistical Information Center of Notaries in Spain has just released its last report on Foreigners’ activity in the property market.

What was the activity in the Spanish real estate market up to June 2022?

• 703,331 property transactions for the last 12 months: +18% yearly growth
• property activity by Spaniards increased by 13% year-on-year to 562,956
• property activity by foreign buyers increased by 47% year-on-year to 136,921
• This equals 19% of all the property transactions that occurred in Spain.
• 45% of the transactions were carried out by non-resident foreigners and 55% by foreigners living in Spain!

Spaniards and Foreigners are very active: both are buying the most since 2008:

Quarterly statistics of the “Ministerio de Fomento”.

Which are the most active nationalities within the EU buying properties in Spain?

For the last 12 months to the end of June 2022, the most active nationalities were :

• the British with 11.2% of the property purchased by foreigners in Spain,
• the Germans with 10.3% of the property purchased by foreigners in Spain,
• the French with 8% of the property purchased by foreigners in Spain,
• the Romanians with 6.7% of the property purchased by foreigners in Spain,
• the Italians with 5.9% of the property purchased by foreigners in Spain,
• the Belgians with 5.2% of the property purchased by foreigners in Spain,
• the Dutch with 4.9% of the property purchased by foreigners in Spain,
• and the Swedish with 4.2% of the property purchased by foreigners in Spain,

Check our foreigners’ profiles and buyers guides: What are the ideal Spanish properties for Belgians Chinese Dutch English French Germans Italians Moroccans
Romanians Russians Swedish?

Discover the best new build projects in Spain available right now

Most active nationalities outside the EU buying real estate in Spain

The proportion of purchases was also high by foreigners outside the EU:

such as Morocco (7.7%), China (2.6%) or Russia (2%), America (1.6%) and other countries outside the EU 11.2%

If you want to live in Spain, have a quick check at our interesting article on the Golden Visa: Golden Visa in Spain: Your ultimate guide!

Don’t forget to hedge your currency smartly if you are buying from outside the European zone.

Here you go, a quick check of all the nationalities:

Here is the same info reproduced with a pie chart:

Source: Centro de Información Estadística del Notariado de Espana

Which nationalities are buying more properties during the last 12 months to June 2022?

Of course, Europeans are very active in the property market in Spain. Most Europeans come from northern countries. A more recent trend we noticed at howtobuyinSpain in 2022 with many new customers flowing in: Americans are buying actively everywhere in Spain, thanks to the weak Euro vs Dollar. Yes, the Euro lost 20% this year, not bad for Americans looking for bargains. Have a look at our paper written by our property hunter in Madrid for more on that: Americans are buying properties in Madrid.

Here are the countries increasing the most their property purchases in Spain in 2022 vs 2021 (last 12 months to June):

• Netherlands +101%
• Germany +81%
• Ireland +95%
• Norway +72%
• Denmark +70%
• USA +69%
• Sweden +66%
• Switzerland +62%
• Argentina +45%
• France +41%
• Belgium +36%
• UK +36%
• China +31%

Source: Centro de Información Estadística del Notariado de Espana

Which nationalities are less active during the last 12 months to June 2022?

All countries have a positive growth

Here is the evolution of the purchases done by each nationality since 2008

This was the situation end of 2016 when we wrote this article for the first time: we keep the same top 3 nations.

Foreigners living in Spain are more active

• Foreigners living in Spain recorded 74,643 operations, 26% more than one year before.
• Non-resident foreigners bought 62,278 properties, an increase of 84% year-on-year.

This is quite a strong vote of confidence by foreigners living in Spain! Of course, they work there and it is easier for them to buy than non-resident foreigners. Covid had its impacts: people wanted to remote work from a nice place if they could: Spain is a nice option. Others wanted to enjoy a better quality of life: more space, more sun, a better quality of life… while of course, the cost of living in Spain is much lower than in many places in the world and in Europe. For more on that, read our articles: Which are the cheapest cities to live in Spain? The cost of living in Spain vs the UK, Relocate to Spain? Spain is one of the best countries in the world for relocating and for working remotely.

1. Best Professionals 2. Follow up 3. Competitive pricing 4. Partners 5. Qualitative Check

Check our chart analyzing who is more active in the Spanish property market: Foreigners or Spaniards with the evolution since 2007 (the year before the crisis):

2. Where are foreigners buying properties in Spain?

What are the main regions in Spain where foreigners are buying real estate?

Same info in a downloadable format:

Source: Centro de Información Estadística del Notariado de Espana

What is the evolution of each region in Spain during the last 12 months to June 2022?

Check the property transaction growth for each region in Red (right scale) with the number of transactions in Blue (left scale)

Most active regions – The biggest activity of foreigners vs Spaniards?

According to the “Colegio de Registradores de la Propiedad”, the Autonomous Communities with a greater weight of foreigners’ transactions vs Spaniards in the fourth quarter of 2021 are

• The Balearic Islands with 39% of all transactions,
• The Canary Islands with 26% of all transactions,
• The Valencian Community with 24% of all transactions,
• Murcia with 17% of all transactions,
• and Andalusia with 13% of all transactions.

Check our interactive chart on that:

Most active cities where foreigners are buying the most real estate in Spain vs Spaniards?

According to the “Colegio de Registradores de la Propiedad”, the cities where foreigners are the most active (vs Spaniards) in the fourth quarter of 2021 are:

• Alicante
• The Balearic Islands
• Malaga
• Tenerife
• Girona
• Murcia
• Almeria
• Las Palmas
• Castellon
• Tarragona
• Barcelona
• Lleida
• Valencia

Check our interactive chart on that:

Source

Which Spanish regions are the most popular for which nationalities?

We did the ranking for the 12 most active countries in Spain.

Check the evolution of the foreigners’ activity per region since 2007:

Remember the infographic we did on the subject last year, it remains nearly the same in 2018!

3. What price do foreigners pay to buy a property in Spain?

Check the evolution of the price paid for each Spanish region since 2007 by foreigners:

The average price per square meter of properties bought in Spain by foreigners increased by 2% year-on-year to June 2022. The acceleration of real estate prices was recorded both among property transactions done by non-residents and by residents, although the former paid higher prices than the second ones, € 2,522/ m² against € 1,622 / m², respectively (with an average of € 2,062/ m²)

This price discrepancy between foreigners living in Spain and not living in Spain could come from many factors:

• Non-residents are buying top-notch second homes in more expensive locations: expensive cities and premium areas with sea views and large terraces for instance. They are going for the best properties on the market.
• Non-residents who are buying a second home in Spain are wealthy and have a higher budget from start.
• Non-residents are buying newbuild properties in Spain and newbuild properties are more expensive than resale,
• Some new “resident foreigners” relocate to Spain because of the high quality of life in Spain and the low cost of real estate in Spain. So they are looking to start a new life they can afford and will go for low-cost properties inland. Read more on that in our article: Which are the most expensive and cheapest cities to live in Spain?

You can check the evolution of the price per square m paid by foreigners (resident or not in Spain) and Spaniards (resident or not in Spain) since December 2007 (the year before the crisis) on this chart:

In terms of levels, the average price per square meter paid by foreigners continued to register strong differences between each region. End of June 2022, it was below the national average
of € 1,741 in 12 of the 17 Regions. Please note that the average paid per square meter by foreigners is € 2,062.

Regions under €1,000:

Extremadura, Castilla-La Mancha, La Rioja, Castilla y León, Aragón and Galicia.

Regions between € 1,000 and the national average paid by foreigners for real estate €1,741

Murcia, Asturias, Navarra, Cantabria and the Valencian Community

Regions above the national average for properties in Spain € 1,741

• The Canary Islands €2,195,
• Catalonia €2,249,
• Basque Country €2,230,
• Madrid €2,893,
• and Baleares €3,894.

Interestingly, all those regions are areas of interest to foreigners apart from the Basque Country, a region much appreciated by the French.

Let’s have a closer look at current property prices (value written in Blue on the chart) and at the price evolution (left scale) for each Spanish region for one year. The regions are Alphabetically sorted.

As you can see from the chart we just showed: prices are increasing everywhere.

Spanish regions with the fastest increasing prices over the last year to June 2022

Spanish regions with decreasing prices over the last year

• None

If you want to read more on the subject and you missed our paper of last semester: Which are the top 10 Spanish cities where foreigners are buying properties NOW? And don’t miss our property buyers guide written for any foreign country.

Source: Read the full paper in Spanish here.

Who are the foreigners paying the most in Spain for their properties?

As of June 2022, here is our alphabetical ranking of real estate prices paid by foreigners in Spain:

• People from Argentina pay on average 1759 € per square meter for their properties in Spain.
• People from Belgium pay on average 2104 € per square meter for their properties in Spain.
• People from China pay on average 1741 € per square meter for their properties in Spain.
• People from Denmark pay on average 2870 € per square meter for their properties in Spain.
• People from Ecuador pay on average 1198 € per square meter for their properties in Spain.
• People from France pay on average 2149 € per square meter for their properties in Spain.
• People from Germany pay on average 2657 € per square meter for their properties in Spain.
• People from Ireland pay on average 2092 € per square meter for their properties in Spain.
• People from Italy pay on average 2103 € per square meter for their properties in Spain.
• People from Morocco pay on average 694 € per square meter for their properties in Spain.
• People from the Netherlands pay on average 2252 € per square meter for their properties in Spain.
• People from Norway pay on average 2701 € per square meter for their properties in Spain.
• People from other countries in EU pay on average 2148 € per square meter for their properties in Spain.
• People from other countries in the world (outside EU) pay on average 2015 € per square meter for their properties in Spain.
• People from Portugal pay on average 1782 € per square meter for their properties in Spain.
• People from Romania pay on average 1097 € per square meter for their properties in Spain.
• People from Russia pay on average 1989 € per square meter for their properties in Spain.
• People from Sweden pay on average 2701 € per square meter for their properties in Spain.
• People from Switzerland pay on average 2567 € per square meter for their properties in Spain.
• People from the UK pay on average 2003 € per square meter for their properties in Spain.
• People from Ukraine pay on average 1612 € per square meter for their properties in Spain.
• People from the USA pay on average 2837 € per square meter for their properties in Spain.

Here is our downloadable infographic on that:

Source: Centro de Información Estadística del Notariado de Espana

Of course, there are many reasons to explain those differences:

• The region where those nationalities are buying on average,
• The location of the property: sea view? countryside? within a city?
• The type of properties: villa or apartment, newbuild or resale, with terrace or plot or not,…

So, those are just “statistics” but they are interesting as price discrepancies between foreigners are quite big when foreigners buy properties in Spain.

4. How to start your property search in Spain?

Here is our A to Z must-read guide: Our ultimate 2023 guide to buying your property in Spain.

At HTBIS, we assist foreigners with their property search in Spain thanks to our network of local partners: legal advisers, tax advisers, property hunters and much more. Discover all our partners here.

Looking for an expert in Spain? Ask us directly!

Stéphane

Senior analyst and strategist at HTBIS

Check the full HTBIS team here

FAQ

The post Where are foreigners buying properties in Spain in 2023? appeared first on How to buy in Spain.

Purchases of properties in Spain by foreigners for the first Quarter of 2017

The weight of the purchase of foreign housing remained fairly stable in the first quarter in relative terms, presenting a rate of 13.1% of total purchases and sales. This has resulted in figures around 15,000 quarterly sales.

• the British continue to lead the ranking with 14.5% of purchases made,
• The French rise to second place with 9.6%,
• followed by Germans with 7.7%, Belgian with 6.9%, Swedes with 6.3% and Italians with 6.1%.

These top six nationalities account for more than half of total home purchases by foreigners.

Check our infographic with the data of Q3 2016 produced on the same subject:

Where are foreigners buying? Check our other infographic

Find the full press release in Spanish here.

Full quarterly report in Spanish, First Quarter 2017, Estadística Registral Inmobiliaria (ERI)

Looking for an expert in Spain? Ask us directly!

Stéphane

Senior Analyst and Strategist at HTBIS

Check the full HTBIS team here

The post Foreigners real estate activity in Spain in Q1 2017 appeared first on How to buy in Spain.

Mallorca, a paradise in the middle of the Mediterranean

According to the British newspaper “The Times”, Mallorca is the first on the list of the best places for travelling and living. Its quality of life, weather and easy going people makes this Mediterranean island a dream for those interested in investing in a second home. Of course Palma is one of the most expensive city to live in Spain with Madrid and Barcelona but stil very much cheaper than a lot of cities.

What will you love in Mallorca?

Mallorca has a Mediterranean climate with mild winters and warm summers, it is possible to swim from March/April to November.

The island also has some of the best beaches that we can find in Spain, such as Torrent de Pareis or Cala Varques. Besides, Mallorca also offers the opportunity of doing hiking and trekking in the wonderful mountains of Serra de Tramuntana.

Although Mallorca is a small island, it is one of the most cosmopolitan areas of Spain.

Who are the real estate buyers in Mallorca in 2017?

Trinidad Moreno, from the real estate agency Morcas, points out that “Scandinavians are the top buyers of property on the island, followed by Germans and British. Although lately Swiss are getting more interested in investing in Mallorca”.

What does it cost to buy a second home in Mallorca?

Similar to all Spanish cities, the real estate market in Mallorca also suffered a deep descent during the years of the crisis (around 39%), but since 2015 it is experiencing a slow rise thanks to foreign investments. Nowadays, the price per square meter in the capital, Palma de Mallorca, is 1.657€.

Comparison of prices in the Balearic Islands and in Spain

Transaction Growth of 11% in 2016

There are signs that the market will keep growing because in 2016, there was a growth of 11% in the transactions, and the forecast for 2017 is that the market will keep growing.

Discover the best new build projects in Balearic Islands available right now

Where would you want to live in Mallorca?

Palma de Mallorca, the capital, offers an excellent location due to its proximity to the airport and the sea. It is also the biggest city of the island and offers a large variety of places where to live. Casc Antic and Calatrava are the trendiest areas to live now because they are in the centre of the city and offer all basic facilities (hospitals, shopping malls, supermarkets, etc). Portixol is a nice area next to the Sea. For those longing for a quiet place not far from the city, the best choice is Son Vida. This place has different golf fields and a harbour (Port Portals) to give a home to your boat (if you have one of course).

Sóller is a great area if you want to live in a small town surrounded by the fields, close to the harbour and the beach. It also has a vibrant Saturday market.

Pollença is the perfect place if you are looking for a seasonal residence because this small town has a bustling life during the warm period (in winter most of the shops and restaurants are closed). Pollença also has a big British community.

If the sea is not your top priority, the central area of the island is for you. There are plenty of villages were to live in their local shops and restaurants. Just in case, the beaches are not far thanks to the size of the island.

Get in and around Mallorca

Mallorca can be reached by ferry and plane. There are plenty of ferry lines that connect with Ibiza, Menorca, Barcelona, Valencia and other cities in Spain and the Mediterranean.

The airport offers routes to the main cities of Spain and Europe. There are different highways that bring you to every corner of the island, and there is also a train line that crosses the island from the south (Palma de Mallorca) to the north.

If you want to read more on the Balearic Islands, read our article on the Balearic Islands: Everything you ever wanted to know about the Balearic Islands.

Find everything on the Balearic Islands: its Airports, stations, its Cities and villages, its shopping places: Traditional & Flea markets, Outlets and shopping malls. What should you visit? The Unesco sites, the parks for kids, the green parks, the golf courses, the universities and last but not least the top beaches.

Find all our other detailed maps on all the Spanish Costas and the Balearic Islands.

If you want to invest in the Spanish real estate market in Spain, don’t hesitate to read our special report with the 10+ reasons why you should have a look at the Spanish property market.

Have a look at the yearly weather statistics of Mallorca.

Have a look at our ePostcards before planning your next holidays in Spain.

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Looking for an expert in Spain? Ask us directly!

Raimon

Senior Journalist and writer at HTBIS

Check the full HTBIS team here

The post Mallorca, a paradise in the middle of the Mediterranean appeared first on How to buy in Spain.

Enjoying the best of Mediterranean climate, Alicante is the preferred place for foreigners interested in buying properties in Spain.

Its proximity to the sea and other vacation resorts, and the fact that prices are lower than other provinces in Spain makes this city an exceptional place for those who are looking to buy in the Mediterranean country.

Where are the buyers coming from?

According to Manuel de Elías from Housealicante, “the house buyers come from the United Kingdom, France, Germany and Sweden. It is also good to point that Belgian nationals are on the rise”.

Among those buyers, British represent the 30% of the market. Most of them are pensioners looking for the sun and a quiet life next to the sea. Some of them establish Alicante as their first residence, while others still have their permanent residence in the UK but spend long seasons in the city enjoying the warm climate.

But British being on the top of buyers may change, “we still have to see how the situation will be at the end of Brexit and the disconnection between the United Kingdom and the European Union will be a reality” as points Manuel de Elías.

Which are the best areas to live in the city?

The price per square meter is around 1.600€ in Alicante, a way cheaper than Barcelona or Madrid. Although it is not as big as these two cities or Malaga, it has a bit more than 300.000 inhabitants, the city has different areas according to what you are looking for.
 

Discover the best new build projects in Alicante available right now

Comparison of the real estate prices in Alicante and in Spain

If you are looking for a quiet place next to the sea, La Albufereta is your option. It has amazing views to the Mediterranean and still has the atmosphere of a fishing village. The centre is just five minutes walking away.

For those who want to have the beach behind their door, Casco Antiguo-Santa Cruz is their choice. This quiet neighbourhood offers a wide variety of restaurants to enjoy the Spanish cuisine, but if you are of the cooking at home kind, there are also lots of shops that offer fresh food.

The neighbourhood San Juan Playa is a place for those looking to be away from the boost of the centre. In recent years, it has developed and now we can find there all the basic facilities like supermarkets, hospitals and other shops. The centre is easy to reach by public transportation or biking.

If you are looking for a residential quiet area, the neighbourhood El Pau 1 is the best option. It has also developed in the recent years and nowadays all kind of shops and facilities can be found there.

Also, Diputación-Ensanche is a good place to be for those looking for modern apartments not far from the beach with shops, restaurants and other facilities around.

Have a look at our infographic for city trip ideas, if you really want to buy, get our advice: first try it on holidays.

How to reach Alicante?

The capital of La Costa Blanca can be reached by plane, train and boat. The airport is the 6^th biggest of Spain and has connections to main cities in Spain and Europe. The high-speed train also arrives at the city making easy to reach other big cities of the country, like Madrid, Barcelona or Valencia. We can also reach Alicante by sea. It has ferry connections with the Balearic Islands and main harbour cities in the Mediterranean (North Africa and Southern Europe).

Read our article on the Costa Blanca: Everything you ever wanted to know about the Costa Blanca.

Know everything on the Costa Blanca: its Airports, its AVE stations, its Cities and villages, its shopping places: Traditional & Flea markets, Outlets and shopping malls. What should you visit? The Unesco sites, the parks for kids, the green parks, the golf courses, the universities and last but not least the top beaches. Check out our infographic.

Find all our other detailed maps on all the Spanish Costas and the Costa Blanca.

If you want to invest in the Spanish real estate market in Spain, don’t hesitate to read our special report with the 10+ reasons why you should have a look at the Spanish property market.

Do you want to check the yearly weather statistics in Alicante before buying? Check the yearly weather statistics on Alicante on our Infographic.

Get your insights right to your mailbox? Register to our newsletter: https://howtobuyinspain.com/en/newsletter/

Looking for an expert in Spain? Ask us directly!

Raimon

Senior journalist and writer at HTBIS

Check the full HTBIS team here

The post Alicante: the Spanish pearl appeared first on How to buy in Spain.

Malaga is always a place for your dream house

Malaga is considered as the Spanish city with the highest quality of life by the study “European cities and quality of life 2015” of the European Commission. It is a booming city of the south of the country started to be known in the 60’s of the last century when Spain opened its doors to international tourism. Costa del Sol became one of the most popular tourist destinations, a popularity that keeps nowadays.

Great climate

Its almost 3.000 hours of sun per year makes the “city a paradise”, as the Literature Nobel Price Vicente Aleixandre called Malaga in one of its poems. The template weather makes it possible sometimes to enjoy a swim in the Mediterranean Sea in December or January. The average temperature per year is 18,5 Celsius degrees (the average temperature in London is 9,6 Celsius degrees).

The second cheapest city to live in Spain

If you compare Malaga to the main other cities in Spain, is one of the cheapest city to live in. Check our article on the cost of living in Spain to find out more on that subject.

Malaga is on the top of the list for British, Scandinavians, Belgians, Germans and French

Malaga and its province are right behind Alicante as a preference for foreigners. Looking at the numbers, around the 15% of the population in Malaga are foreigners (in the province is 20%).

According to Saskia Handberg from Immobilien Malaga:

British are on the top: almost 60.000 living already in the province. Scandinavians, Belgians, Germans and French are the other nationalities active on the market.

In a trend that we are already seeing in other cities as Barcelona and Madrid, “there is an increase of Chinese buying apartments. Before they preferred to rent, and in some flats, you could even find three generations living together in there. Nowadays they buy property to get independent from their family” points Planeta Casa.

Price per district

The price of apartments is also rising in the city as it does in the whole country, and it does grow at the same speed as Barcelona and Madrid. Malaga square meter price grew more than 10% in 2016. But of course, it depends on where we look the prices of the city are different.

If we look in Centro or Litoral Este, the price of a square meter is more than 3.000€, being similar to some districts in the two biggest cities of Spain. Other districts, like Pedrizas, Teatinos and Litoral Oeste have prices between 2.000-3.000€ per square meter. There also districts where you can buy apartments for less than 2.000€ per square meter. Those districts are Rosaleda, Puerto de la Torre, Campanillas y Churriana.

Discover the best new build projects in Andalusia available right now

Historical price comparison between Malaga and Spain

What are the nicest neighbourhoods in Malaga?

Depending on how much money one can pay and the facilities to find in the district, there are a lot of areas where to live in Malaga.

For those looking an artistic centrical area, Soho is the best area of the city as Saskia Handberg (Immobilien Malaga) points “it is the artists’ district, known for its proximity to the sea and the centre”.

If you are looking to live next to the seaside, Planeta Casa advises looking for flats in “Huelin, Cala del Moral, Torremolinos and Pedregalejo”. If you are looking for well communicated residential areas the best options are “Teatinos, Carlos de la Haya and Ortega y Gasset”.

Malaga is a big city but easy to walk around, so all facilities are not far from any district of the city.

The city has an airport that connects to the main Spanish and European cities. There is also the high-speed train that reaches other main cities in Andalusia and the capital of Spain, Madrid.

Why not start with a city trip first? Read our ePostcards on Malaga: City trip to Malaga and Malaga for culture lovers.

If you want to learn more about the Costa del Sol where Malaga is, have a look at our last report: Everything you ever wanted to know about the Costa del Sol.

Find everything on the Costa del Sol: its Airports, its AVE stations, its Cities and villages, its shopping places: Traditional & Flea markets, Outlets and shopping malls. What should you visit? The Unesco sites, the parks for kids, the green parks, the golf courses, the universities and last but not least the top beaches. Check out our infographic.

Find all our other detailed maps on all the Spanish Costas and the Costa del Sol.

If you want to invest in the Spanish real estate market in Spain, don’t hesitate to read our special report with the 10+ reasons why you should have a look at the Spanish property market.

Do you want to check the yearly weather statistics in Malaga before buying? Check our infographic on the yearly weather statistics of Malaga.

Get your insights right to your mailbox? Register for our newsletter: https://howtobuyinspain.com/en/newsletter/

Looking for an expert in Spain? Ask us directly!

Raimon

Senior journalist and writer at HTBIS

Check the full HTBIS team here

Two pictures are from Casey Herd. Casey is an American artist living in Amsterdam and travelling around the world, check his work on Instagram .

The post Malaga is always a place for your dream house appeared first on How to buy in Spain.