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Where are foreigners buying properties in Spain in 2022?

STEPHANE — Mon, 17 Jul 2023 11:16:24 +0000

Click on any flag to get an automatic translation from Google translate. Some news could have an original translation here: News Nouvelles Nieuws Noticias Nachrichten

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

New build for sale in Spain € 320,000

2 beds 1 bath 61.3 m²

New build for sale in Spain € 313,000

2 beds 2 baths 61.3 m²

New build for sale in Spain € 540,000

3 beds 3 baths 191 m²

New build for sale in Spain € 520,000

3 beds 2 baths 109 m²

New build for sale in Spain € 345,000

2 beds 2 baths 97 m²

New build for sale in Spain € 435,000

3 beds 2 baths 114 m²

New build for sale in Spain € 350,000

3 beds 2 baths 106 m²

New build for sale in Spain € 273,000

2 beds 2 baths 83 m²

New build for sale in Spain € 368,000

3 beds 2 baths 103 m²

New build for sale in Spain € 315,000

2 beds 2 baths 90 m²

New build for sale in Spain € 245,000

2 beds 2 baths 83 m²

New build for sale in Spain € 335,000

3 beds 2 baths 98 m²

New build for sale in Spain € 250,000

2 beds 2 baths 90 m²

New build for sale in Spain € 420,000

2 beds 2 baths 81.7 m²

New build for sale in Spain € 475,000

3 beds 2 baths 101.9 m²

New build for sale in Spain € 490,000

3 beds 2 baths 119.8 m²

New build for sale in Spain € 540,000

3 beds 2 baths 129.2 m²

New build for sale in Spain € 530,000

3 beds 2 baths 106.9 m²

New build for sale in Spain € 370,000

2 beds 2 baths 88.9 m²

New build for sale in Spain € 440,000

3 beds 2 baths 106.9 m²

New build for sale in Spain € 367,000

3 beds 3 baths 177 m²

New build for sale in Spain € 262,000

3 beds 2 baths 84 m²

New build for sale in Spain € 242,000

2 beds 2 baths 72 m²

New build for sale in Spain € 277,000

2 beds 2 baths 73 m²

New build for sale in Spain € 255,000

3 beds 2 baths 85 m²

New build for sale in Spain € 220,000

2 beds 2 baths 71 m²

New build for sale in Spain € 240,000

2 beds 2 baths 80 m²

New build for sale in Spain € 280,000

3 beds 2 baths 88 m²

New build for sale in Spain € 585,000

3 beds 3 baths 162 m²

New build for sale in Spain € 348,000

3 beds 2 baths 220 m²

New build for sale in Spain € 355,000

3 beds 2 baths 100 m²

New build for sale in Spain € 385,000

2 beds 2 baths 76 m²

New build for sale in Spain € 325,000

3 beds 2 baths 97 m²

New build for sale in Spain € 269,000

2 beds 2 baths 81 m²

New build for sale in Spain € 631,000

3 beds 2 baths 123 m²

New build for sale in Spain € 345,000

2 beds 2 baths 154 m²

New build for sale in Spain € 430,000

3 beds 2 baths 116 m²

New build for sale in Spain € 730,000

3 beds 2 baths 149 m²

New build for sale in Spain € 529,000

3 beds 2 baths 133 m²

New build for sale in Spain € 319,000

2 beds 2 baths 87 m²

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?

	Transactions	Percent of total	Evolution
Valencian Community	38071	28%	59%
Andalusia	28362	21%	20%
Catalonia	20404	15%	31%
Canary Islands	10878	8%	65%
Madrid’s community	9744	7%	74%
Illes Balears	8685	6%	43%
Murcia	6672	5%	15%
Castilla la Mancha	3401	2%	24%
Aragon	2138	2%	36%
Castilla y León	2104	2%	61%
Basque Country	1456	1%	27%
Galicia	1380	1%	19%
Asturias	986	1%	21%
Navarre	879	1%	29%
The Rioja	648	0%	21%
Cantabria	592	0%	15%
Estremadura	472	0%	15%

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

Percent change on the last year	Price per region	Region
34%	€543	Estremadura
27%	€1,087	Asturias
19%	€1,081	Murcia
17%	€2,893	Madrid’s community
16%	€867	Aragon
14%	€1,564	Valencian Community
13%	€2,195	Canary Islands
11%	€1,105	Cantabria
11%	€2,062	National
10%	€2,249	Catalonia
10%	€2,126	Andalusia
10%	€965	Galicia
8%	€3,894	Illes Balears
7%	€673	Castilla la Mancha
4%	€674	The Rioja
3%	€2,230	Basque Country
2%	€1,181	Navarre
1%	€733	Castilla y León

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.

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FAQ

Who buys the most property in Spain?

For the last 12 months to the end of June 2022, the most active nationalities were : the British (11.2%), the Germans (10.3%), the French (8%), the Moroccans (7.7%), the Romanians (6.7%) the Italians (5.9%), the Belgians (5.2%) the Dutch (4.9%) and the Swedish (4.2%)

Are people still buying property in Spain?

Activity is back on the real estate market in Spain: both Spaniards and foreigners are buying now: 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!

Is it wise to buy property in Spain now?

As of June 2022, price per square meter was on average of €1,741 per square meter. So, if you compare to other EU countries, you get a lot for your money and can enjoy the high quality of life in Spain

Are British people still buying property in Spain?

For the last 12 months to the end of June 2022, the most active nationality is the British with 11.2% of the properties purchased by foreigners: i.e. 15,353 properties. And actually, they were the first nationality even before during and after the Brexit. 🙂

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 2023?

STEPHANE — Thu, 23 Feb 2023 05:21:22 +0000

Click on any flag to get an automatic translation from Google translate. Some news could have an original translation here: News Nouvelles Nieuws Noticias Nachrichten

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?

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

New build for sale in Spain € 320,000

2 beds 1 bath 61.3 m²

New build for sale in Spain € 313,000

2 beds 2 baths 61.3 m²

New build for sale in Spain € 540,000

3 beds 3 baths 191 m²

New build for sale in Spain € 520,000

3 beds 2 baths 109 m²

New build for sale in Spain € 345,000

2 beds 2 baths 97 m²

New build for sale in Spain € 435,000

3 beds 2 baths 114 m²

New build for sale in Spain € 350,000

3 beds 2 baths 106 m²

New build for sale in Spain € 273,000

2 beds 2 baths 83 m²

New build for sale in Spain € 368,000

3 beds 2 baths 103 m²

New build for sale in Spain € 315,000

2 beds 2 baths 90 m²

New build for sale in Spain € 245,000

2 beds 2 baths 83 m²

New build for sale in Spain € 335,000

3 beds 2 baths 98 m²

New build for sale in Spain € 250,000

2 beds 2 baths 90 m²

New build for sale in Spain € 420,000

2 beds 2 baths 81.7 m²

New build for sale in Spain € 475,000

3 beds 2 baths 101.9 m²

New build for sale in Spain € 490,000

3 beds 2 baths 119.8 m²

New build for sale in Spain € 540,000

3 beds 2 baths 129.2 m²

New build for sale in Spain € 530,000

3 beds 2 baths 106.9 m²

New build for sale in Spain € 370,000

2 beds 2 baths 88.9 m²

New build for sale in Spain € 440,000

3 beds 2 baths 106.9 m²

New build for sale in Spain € 367,000

3 beds 3 baths 177 m²

New build for sale in Spain € 262,000

3 beds 2 baths 84 m²

New build for sale in Spain € 242,000

2 beds 2 baths 72 m²

New build for sale in Spain € 277,000

2 beds 2 baths 73 m²

New build for sale in Spain € 255,000

3 beds 2 baths 85 m²

New build for sale in Spain € 220,000

2 beds 2 baths 71 m²

New build for sale in Spain € 240,000

2 beds 2 baths 80 m²

New build for sale in Spain € 280,000

3 beds 2 baths 88 m²

New build for sale in Spain € 585,000

3 beds 3 baths 162 m²

New build for sale in Spain € 348,000

3 beds 2 baths 220 m²

New build for sale in Spain € 355,000

3 beds 2 baths 100 m²

New build for sale in Spain € 385,000

2 beds 2 baths 76 m²

New build for sale in Spain € 325,000

3 beds 2 baths 97 m²

New build for sale in Spain € 269,000

2 beds 2 baths 81 m²

New build for sale in Spain € 631,000

3 beds 2 baths 123 m²

New build for sale in Spain € 345,000

2 beds 2 baths 154 m²

New build for sale in Spain € 430,000

3 beds 2 baths 116 m²

New build for sale in Spain € 730,000

3 beds 2 baths 149 m²

New build for sale in Spain € 529,000

3 beds 2 baths 133 m²

New build for sale in Spain € 319,000

2 beds 2 baths 87 m²

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?

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.

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?

	Transactions	Percent of total	Evolution
Valencian Community	38071	28%	59%
Andalusia	28362	21%	20%
Catalonia	20404	15%	31%
Canary Islands	10878	8%	65%
Madrid’s community	9744	7%	74%
Illes Balears	8685	6%	43%
Murcia	6672	5%	15%
Castilla la Mancha	3401	2%	24%
Aragon	2138	2%	36%
Castilla y León	2104	2%	61%
Basque Country	1456	1%	27%
Galicia	1380	1%	19%
Asturias	986	1%	21%
Navarre	879	1%	29%
The Rioja	648	0%	21%
Cantabria	592	0%	15%
Estremadura	472	0%	15%

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:

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?

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.

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

Percent change on the last year	Price per region	Region
34%	€543	Estremadura
27%	€1,087	Asturias
19%	€1,081	Murcia
17%	€2,893	Madrid’s community
16%	€867	Aragon
14%	€1,564	Valencian Community
13%	€2,195	Canary Islands
11%	€1,105	Cantabria
11%	€2,062	National
10%	€2,249	Catalonia
10%	€2,126	Andalusia
10%	€965	Galicia
8%	€3,894	Illes Balears
7%	€673	Castilla la Mancha
4%	€674	The Rioja
3%	€2,230	Basque Country
2%	€1,181	Navarre
1%	€733	Castilla y León

Spanish regions with decreasing prices over the last year

None

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.

Monthly Weather Statistics on top Spanish Cities

FAQ

Who buys the most property in Spain?

Are people still buying property in Spain?

Is it wise to buy property in Spain now?

Are British people still buying property in Spain?

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

The best things to do in the Costa Cálida

STEPHANE — Mon, 01 Aug 2022 13:32:22 +0000

Click on any flag to get an automatic translation from Google translate. Some news could have an original translation here: News Nouvelles Nieuws Noticias Nachrichten

Everything you ever wanted to know about the Costa Cálida

Welcome to the Costa Calida … or the Warm Coast

“The Warm Coast” is the meaning of Costa Cálida, this is due to the very special microclimate of the area, which makes it a few degrees hotter than everywhere else in Spain, thus creating a somewhat arid microclimate, with less than 340 mm of rain annually: in fact, it is the hottest coast in the Mediterranean Sea. This is great news for everyone looking for quality bathing time year-round, and only a handful of rainy days. Have a look at our weather infographics for the top 20 Spanish cities, for instance Murcia. You will get detailed monthly statistics on any month of the year.

Nonetheless, great weather is not the only thing that makes Costa Cálida one of the most attractive Costas for tourists.

There are more than 25 blue-flagged beaches, which are recognized by the EU to have the perfect environment for visitors to enjoy, like being litter-free, having clear water, and adequate facilities to house tourists comfortably. These beaches are spread throughout the 250 km (155 miles) that make up this beautiful Costa, it spans from El Mojón, very nearby Alicante, to Cuatro Calas, in Águilas, and is located in the Region of Murcia, right in between the gigantic Andalucía and the well-known Comunidad de Valencia, bordering with Castilla-león to the north, and to the south, 250 km of open Mediterranean sea.

There are also very famous maritime routes that go to the Balearic Islands, like Ibiza and Mallorca. You can rent a small ship and go there by yourself, making for an unforgettable experience of a lifetime. If you are not too experienced in sailing, you can go on a Cruise Ship, which will have everything you might need, like warm beds, restaurants, and maybe even nightclubs and bars, if you are willing to pay the price, of course.

However, Costa Cálida is especially known for the natural landmark known as Mar Menor, or Lesser Sea in English, it’s a 22km (13 miles) long stretch of sand that ranges from 100 to 1000 meters wide. This creates a natural salty lake with crystal clear waters, that are also very shallow, which makes it ideal for families with children, though, not that ideal for those interested in water sports like surfing or windsurfing.

The seafront view in Cartagena

But for them, Costa Cálida has other locations that might be more exciting, like some areas near shipwrecks where you can snorkel and deep dive. There are also trekking and mountain biking routes more towards the inland that is simply described as awe-inspiring.

There are, as well, some of the most important and famous golf courses in Europe, like the Lorca Resort, Condado Alhama Gnk, Hacienda Alamo and La Serena, all of which are very highly rated by golfers. Play with the best golf club sets in Spain thanks to our local partner.

But the potential locations for ecotourism don’t end there, Murcia, and specifically, the lands surrounding Costa Cálida are full to the brim with natural parks, like Cabo de Gata-Níjar, Parque Natural De Torrevieja, Sierra de Huétor, Sierra Helada, and Parque Natural de la Serra de Mariola.

And if natural wonders are not that important to you, the rich history and culture might be just as enjoyable, as there are a multitude of medieval fortress, castles and interesting museums, with exhibitions that date back 3.000 years.

There are, as well, more modern instances, especially in architecture, remarkable structures such as The Palace of Benifayó Baron, The Episcopal Palace of Murcia, the military fortress Sol de Lorca and the Castle of San Juan de Águilas are spread throughout the lands.

In addition to the various monuments, Murcia’s history has made it into a crossroads for many different cultures, like the Iberians that first populated the lands, the Romans that conquered them, the Phoenicians and the Byzantines, who came later, in addition to the hundreds of years of Arabic control of the lands.

All these very different cultures brought new flavours and traditions to the area, and in conjunction with the especially rich fields that offered an enormous variety of ingredients, it’s no wonder why Murcia is one of the top locations on any tourists’ list loving gastronomy.

The “Plaza Toros” of Murcia

Among the most interesting activities, there are a variety of wine tastings, that also combine with city tours to give you the best experience, and restaurants that offer special dishes for tourists that combine the most famous local recipes, with a mixture of seafood, local vegetables and meat prepared in the same way they were prepared hundreds of years ago by the first inhabitants.

You might also want to visit the four main urban attraction points, the capital, Murcia, which is great for those who love nightclubs, drinks on a terrace and visiting some museums. There is Cartagena, not to be confused with the city by the same name in Colombia, which is the first place the Romans ever got to in the Iberic peninsula, it has more than 3.000 years of history and its one of the best examples of a contemporary city.

Next up is Lorca, the best place to see monuments, the medieval, renaissance and baroque styles come together in the old town, making for a delightful experience, especially when the Easter Parades are going through.

And at last, Caravaca, one of the five Holy Cities in the world, it’s one of the most common destinations for pilgrims and for those interested in the deep Templar history, there are few other places with such a charm.

Planning to invest in the real estate market of Costa Cálida?

There is one short phrase which best describes the real estate market on this coast, “shaky”. This is one of the most visited Costas in Spain, and this means that the prices have always been high in the region close to the Mediterranean but are cheap in lands, at the same time, prices remain on the cheap side, compared to other Spanish regions.

In recent years a new phenomenon appeared on the market, it is known as Airbnb, it’s an app that allows you to contact the locals of a region and rent a space directly from them, either a single room or a whole apartment. The use of this service has become very mainstream in the last few years, which means that now everyone with a phone and WIFI can rent his apartment to tourists eager to pay more than anyone else would because using Airbnb will always be cheaper than a hotel.

This all sounds great until people started to realize that it is more profitable to have a property has a permanent Airbnb than to rent it to the locals. In fact, it is so much more profitable than some wealthy owners purchased entire buildings to turn them into Airbnb, and as such, the demand for housing increased radically, and so did de prices.

But rising prices have never been anything to be afraid of, much the opposite, it’s what investors look for, the problem with Murcia’s market (and many other parts of Spain of that matter) is how likely it is for the market to keep growing at this pace.

And this is not because the demand will suddenly fall, or because of there us a bubble ready to pop, it’s because of governmental intervention. There have been many, many complaints about the rising prices for rent if you can even find a place that is not an Airbnb, and the government started to take notice. It is unclear what will be the next step, but there have been some negotiations about regulating the use of properties as Airbnbs, and some politicians have even talked about banning it altogether.

Now, buying properties in Murcia might be very profitable for many years if the market remains unregulated, and it will probably take a long time before anything gets done through governmental means, but the second the government announces the slightest regulation on Airbnb, the market will most likely drop. This makes for a risky, but also a very profitable investment, it is up to you to decide if the chances are worth the risk. But of course, you could buy your property for long-term: enjoy the region and its wealth while enjoying your holidays there.

Check the real estate price evolution of Murcia and Spain since 1995

Property prices in Murcia are about 35% under the national average. They remain at the lowest levels seen since 2008 and one of the cheapest place in Spain where you can enjoy beaches, sun and cheap prices.

If you want to read more on this, have a look at our earlier article on Murcia: Murcia, a good city to make a property investment

Let’s start with some holidays in Costa Cálida?

A summer house in Murcia is a great choice, not only is it a big enough city that you will always find something to do, but it has a great number of activities to do with children, there are kids parks such as Aqua Natura and Parque de la Seda, natural parks with activities dedicated to children, and enough beaches that you won’t be able to see them all in one summer.

Amongst the most famous beaches there is: Playa de Calblanque, Cala del Pino et Plage Entremares, Portús, Barraca Quemada de La Llana, Amarilla, La Carolina, de Percheles, Baño de las Señoritas, Cala Cortina and Cala Blanca, just to name a few.

Nonetheless, the nearby cities do not offer as many activities and are catering more to grown-ups and people looking for a relaxing trip, some families have even found them boring, to some degree, we advise you avoid going there for more than a day or two if you are more of the adventurous type.

Have a quick look at our infographic on Everything you could do in the Costa de la Luz and click on it if you want to download it.

Our downloadable pdf map on the Costa Calida

What about retiring to Costa Cálida?

Costa Cálida, and by extension, Murcia, is one of the best places for a retiree to live, especially if you enjoy warmer climates but you don’t want to go to tropical places like the Caribbean or South Asia.

The most important thing to take into consideration is the importance you give to nature. Costa Cálida is probably the single most beautiful Costa in Spain, form a ecotourists viewpoint. So, if you are looking for a natural paradise, with warm winters and sunny summers, where the beaches are counted in dozens and so are the natural parks, this is the right place for you.

As for infrastructure, well, it certainly could be improved, the nearest highspeed train station is in Alicante, 80 km away from Murcia. However, if you rather travel by plane, you won’t have to look any further than Murcia itself.

But be aware, that Murcia is a somewhat big city, not nearly as big and crowded as Madrid, Barcelona or Valencia, but it has almost half a million citizens, and if you are looking for peace and tranquillity, you would be better off in Cartagena (220.000), Lorca (90.000) or Águila (35.000). Though, you will have to go to Murcia if you want access to things like big Shopping malls and such.

In conclusion

Costa Cálida is, objectively, a great place to be in, you will find many great activities for all ages while real estate prices remain affordable. This is clearly one of the top spots for retirees looking for a place with a tight budget: prices per square meter remain under 1.000€ as of June 2018.

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

Costa Cálida Map information

Airports: The closest Airport is Murcia
Ave stations: The closest AVE station is Alicante
Cities: Murcia (441,000 inhabitants), Cartagena (216,655 inhabitants), Lorca (91,700 inhabitants), Águilas (34,700 inhabitants), Mazarrón (30,700 inhabitants), La Manga (17,000 inhabitants)
Unesco sites: – Find all the UNESCO Sites in Spain on our page: “10 reasons why you should buy in Spain”
Top beaches: Playa de Calblanque (Cartagena), Cala del Pino et Plage Entremares (La Manga), Playa Portús (Cartagena), Playa Barraca Quemada de La Llana (San Pedro del Pinatar), Playa Amarilla (Águilas), Playa La Carolina (Águilas), Playa de Percheles (Mazarrón), Playa Baño de las Señoritas (Lorca), Cala Cortina (Cartagena), Cala Blanca (Lorca)
Kids Parks: Aqua Natura, Parque de la Seda (Murcia)
Shopping Malls & Outlets: Centro Comercial Atalayas, Centro Comercial Thader, Centro Comercial Nueva Condomina (Murcia)
Traditional & Flea markets: Mercado de Veronicas (Murcia)
Top golf courses: Lorca Resort, Condado Alhama Gnk, Hacienda Alamo, La Serena
Natural Parks: Cabo de Gata-Níjar Natural Park, Parque Natural De Torrevieja, Sierra de Huétor Natural Park, Sierra Helada Natural Park, Parque Natural de la Serra de Mariola Play with the best golf clubs sets in Spain thanks to our local partner.
University: Universidad de Murcia, Universidad Católica San Antonio de Murcia (Murcia)
Hospitals: Hospital General Universitario de Murcia, Hospital Mesa del Castillo (Murcia)

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

Read further on the Costa Cálida and Spain

TOURIST OFFICES:
- Costa Calida, Murcia Region Tourist office
- Cartagena Tourist office
AIRPORTS: All the Spanish Airports and flights info on the official site of AENA
TRAINS: Renfe website
BEACHES: Where will you find the top beaches in Spain?
GOLFS: What are the top golf courses in Spain? Play with the best golf clubs sets in Spain thanks to our local partner.
KIDS PARKS: Our selection of the Top parks for children in Spain
MUST VISIT IN SPAIN: Our top 5 UNESCO World Heritage Sites in Spain, Find all the Unesco sites in Spain

Find all our other articles and maps on the Spanish Costas:

With our team of more than +100 local real estate partners, HowtobuyinSpain helps foreigners to buy real estate in Spain.

The experts from our network are active in all the fields you need:

Looking for an expert in the Costa Cálida or in Murcia: Architect, property hunter, lawyer,… in Spain? Ask us directly!

Stéphane and Walter

Senior Analyst and writer at HTBIS

Check the full team at HTBIS here

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Murcia real estate market is very active

STEPHANE — Wed, 10 Jul 2019 13:02:37 +0000

Click on any flag to get an automatic translation from Google translate. Some news could have an original translation here: News Nouvelles Nieuws Noticias Nachrichten

Many foreigners are buying properties in Murcia

Murcia how beautiful you are! Visit us and we will offer you a complete lifestyle.

What makes the region of Murcia so special?

The fabulous fiestas, wonderful food, amazing scenery, excellent beaches, a warm Costa Cálida, sunshine and local people, all go together to make this an exceptional region of Spain. This is also a huge golfing area, there are World class golf resorts all over this region.

Puerto Mazarron is located on the Costa Cálida south of Cartagena. The lovely sandy beaches and promenade lined with restaurants, makes Puerto Mazarron a very popular resort for the tourist and the Spanish visitors alike. It has an amazing Marina which has a vast selection of restaurants. There are boat trips around the coast line available, water sports as well as facilities in place for disabled people allowing them full access to the beaches and water.

Mar de Cristal is separated from Los Nietos by a small river and is located on the shores of the Mar Menor in the Costa Cálida. Mar de Cristal is a compact and friendly little resort with three good beach areas and a new pretty promenade with bars and restaurants. A good-sized marina adds to the charm as well as its proximity to the famous La Manga Golf Resort, which boasts many restaurants and a casino, in addition to three up market golf courses.

Enormous changes have taken place in the region of Murcia since the international Airport of Murcia recently opened, it has the most modern facilities and all services to ensure the optimal operation of air traffic and make the passage through the airport a pleasant experience for passengers and companions.

With the international airport of Corvera with growing traffic of external and internal flights and with cruise ships docking at Cartagena we are firmly on the map. Given way to huge investment in the area.

Entrepreneurs wishing to invest in the autonomous community of Murcia will find “the best place in the world to Live”, “the best place in Spain to invest” and, in addition, a red carpet by the regional government to help them in the process.

What are the best areas to live in Murcia?

All the province is very interesting. Depending on your tastes and your needs you will be able to find a proper location: as Murcia offers beach, mountain, tranquil life in the countryside as well as all the amenities offered by the cities of Cartagena and Murcia or towns like Lorca, Totana, Caravaca de la Cruz, Mazarron, Aguilas, etc…

Climate

Murcia enjoys a typical Mediterranean climate, warm springs, hot summers, and mild winters. Check our infographics on the weather statistic of Murcia.

We work to save time and money for our clients

Caroline and Katerin are Real Estate consultants with more than 20 years of experience in the real estate in front of the international field , have participated in such famous programs in England as Living in the sun, Putting yourself in the sun and Getting a new life, became Personal Real Estate Shoppers in Murcia to get the best service for the buyers.

We work as your eyes and ears, searching for your perfect home.

We will take charge of finding and visiting the properties that best adapt to your needs and search profile, offering you a selection of properties that meet 90% of your criteria. We represent you, the buyer, as this gives us the control of sourcing the right property using our joint skills and experience working in estate agency for the last 25 years in the area of Murcia. We do all the hard work, offer a complete professional and personalized service to the real estate buyer, positioned at your side, we get the right price and check that all paperwork is correct, given you the reassurance that when you put your deposit down you are finally relishing your dream. We fight the price for you we represent you the client during the whole trajectory of the operation acting with ethical and professional criterion working for your interests to satisfy all your expectations.

We are advising in all types of real estate and patrimonial operations to both companies and individuals.

We are Real Estate Personal Shoppers as we do not have our own portfolio of properties, which means we are completely independent to look for property assets on the market: we work for you, not for the sellers.

Our advice to you is to use us as your professional buyer, as we have experience in all areas of buying a property, from helping you find your forever home or as investment. Our knowledge in the real estate market makes the process a very enjoyable experience taking the stress away from you.

With a wide portfolio of international and national clients we feel very fortunate because we have made many contacts and friends in our area and abroad.

We are registered with the title of a Administrative European Real Estate manager.

We also have very good relations with notaries, registries, town halls and other local authorities, including lawyers and architects specialized in real estate law.

Commercial experiences in sales

Real Estate Advisors, with more than 20 years of experience at the front of a International Real Estate Companies.

Worked on television programs; Living in the sun, Place in the sun, Get a new life.

We have managed to sell thousands of properties of different typology successfully during our professional career.

Why choose us to work as a personal shopper or property hunter?

After the start of our working life devoted to the commercial sector, we are enthusiastic by this project of property hunting as we share the values based on professionalism, integrity, perseverance, and vision of success among so many other qualities.

For that reason, Caroline and Katerin have prepared a Guide with the best tips to buy or invest in real estate in Murcia.

If you want to read more on Murica, here is the article we wrote on it: Murcia, a good city to make a property investment

Check the full profile of Katerin and Caroline, our Property hunter in Murcia

Katerin and Caroline

Find a property finder anywhere else in Spain within our network

Looking for a property hunter, a lawyer, an architect,… a local expert in Spain? Ask us directly!

Check the full team of HTBIS here

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27.055 bank repossessed properties in Spain in 2019

STEPHANE — Tue, 21 May 2019 05:20:22 +0000

Click on any flag to get an automatic translation from Google translate. Some news could have an original translation here: News Nouvelles Nieuws Noticias Nachrichten

27.055 bank repossessed properties in Spain in 2019

This is a very good news for the real estate sector in general and for the property owners in Spain in particular.

Will this situation change in 2020 due to the Coronavirus and its impacts on the Spanish real estate?

The annual rate of housing foreclosures in Spain is 0.05%

The total number of registrations for foreclosure on dwellings initiated in 2019 was 7.129 houses -21% vs 2018. We talk about properties owned by private person only. If we talk about housings in general, the number is 27.055 foreclosed properties during 2019.

This is what the Instituto Nacional de Estadistica just published in its report.

3% increase vs 2018

For 2019, 0.1% of all the properties existing in Spain. According to the census, there are 25m properties in Spain, follow the link and check our table on that.

Look at the evolution of foreclosure over the last 4 years.

It is an impressive 4 year in a row decrease since 2014: -5% in 2018, -33% in 2017, -31% in 2016and -15% in 2015.

Mortgage default rates according to their initiation dates

As you can see on this chart, 24% of mortgages that defaulted in 2019 were initiated in 2007. 50% of the defaults in 2019 were mortgages initiated between 2005 and 2008. Why? The prices where much higher before 2008 and leverage was bigger just before the crisis.

As you can see on our chart, prices were much higher at that time: €2.100 vs €1.653 now (December 2019).

Which years have the most defaults vs the number of issued mortgages?

Very good news for the real estate market in general and for the banks in particular, the default rate for the mortgages issued in 2017 was 1%. May be that’s why Spanish banks are more aggressive for issuing new mortgages lately.

Before that, we had two different waves of default:

2007 and 2008, but we had a lot of mortgage issued on those years … and we are 10 year later now…

And the second period is in 2012 and 2013 with more than 1/5th of the mortgages issued defaulting.

Most impacted regions during 2019

Regions with the highest foreclosure rates for housing are:

Catalonia, 5757 properties bank repossessed properties
Andalusia, 5681 housing were foreclosed in 2019
The Valencian community, 5356 properties foreclosed

Are bank repossessed properties back to Spain?

Foreigners active in the same regions

It could represent a nice opportunity for foreigners as they are active in all those regions. As a reminder, foreigners bought 16% of all transactions during the last year.

Click on the image and get our last report analyzing where foreigners are buying real estate in Spain in.

Why is the number of bank repossessed properties decreasing?

The three main reasons are:

The economy in Spain is stronger: GDP growth above 2% and one of the highest in Spain, see the sixth “must see chart on the Spanish real estate” comparing the Spanish growth rate with all its EU counterparts. Going in Sync with higher growth, you have a decrease in the unemployment rate as you can see in our table with the economic statistics of Spain. You can read our paper on that: Spanish GDP growth to remain strong up to 2021
Financing rates are very low: check our table on mortgage and financing rates in Spain or read our article on the best financing conditions in Spain.
A final reason was explained above: about 50% of the foreclosures are mortgages that were initiated in 2006, 2007 or 2008. Right now, we are 10 years later and so people could adjust in the meantime on one side and on the other side, as prices are much lower, people are taking a much more “calculated” risk.

Will the number of bank properties rise due to the Coronavirus?

We expect the number of bank repossessed properties to rise in 2020 due to the Coronavirus and due to the economic situation deteriorating.

We shouldn’t have the same situation as we had in 2008 for many reasons:

The situation is much more stable: less leverage with banks, less leverage with promoters, lower prices and correct if you compare with international cities
We should pay attention to the economic situation for the next 2 years and of course keep a close eye on the Coronavirus situation and its impacts on travel.
Another positive: the low financing rates that should continue to help buyers.

Do you want to find bank repossessions in Spain right now?

Do you want to have a look at properties repossessed by Spanish banks? Have a look at our article, one of the most read of our site, on that subject: Spanish bank repossessions: Your ultimate guide to 120.000 properties.

If you are looking at buying a property on the Costa Blanca, this is our most recent paper: The last bargain on the Costa Blanca? 12.000€ for a Spanish Bank repossession

Are you looking for a competitive rate for your mortgage in Spain?

Get the best mortgage rate in Spain

Here was the update of the last quarter of 2018

The annual rate of housing foreclosures in Spain is 0.05%
The total number of registrations for foreclosure on dwellings initiated in the third quarter of 2018 was 1.551 houses vs 2.181 in the same quarter of 2017 and 4.696 in 2016. We talk about properties owned by private person only. If we had to talk about housings in general, the number is 7.182 foreclosed properties during the quarter.

29% decrease vs 2017
For 2017, 27.171 properties were foreclosed, (housing and others) i.e. 0.1% of all the properties existing in Spain. According to the census, there are 25m properties in Spain, follow the link and check our table on that.

Default rate by initiation date
The default rate is the highest and represents about 50% of all defaults for the mortgages initiated between 2005 and 2008… when the prices where at the top… and just before the crisis.

Regions with the highest foreclosure rates for housing are:

La Rioja, 0.26% of all existing properties, 121 housing during the quarter
The Valencian community, 0.16% of all existing properties, 1.696 housing during the quarter
Castilla y Leon, 0.14% of all existing properties, 228 housing during the quarter

Here was the update of the last quarter of 2017

The annual rate of foreclosure in Spain is 0.1%

The total number of registrations for foreclosure on dwellings initiated in the fourth quarter of 2017 was 2.103 houses vs 4.696 in the same quarter of 2016.

That is what the Instituto Nacional de Estadistica said in its last report.

34.2% decrease for 2017

For 2017, 27.171 properties were foreclosed, i.e. 0.1% of all the properties existing in Spain. According to the census, there are 25m properties in Spain, follow the link and check our table on that.

This is a nice decrease of 34.2% vs the numbers of 2016.

Look at the evolution of foreclosure over the last 4 years.

It is an impressive 3 year in a row decrease since 2014: -34% in 2017, -31% in 2016, -15% in 2015.

Default rate by initiation date

The default rate is the highest and represents about 50% of all defaults for the properties acquired in 2006, 2007 and 2008.

Regions with the highest foreclosure rates for housing are:

The region of Murcia 0.43%, 3.252 units
Andalusia 0.42%, 13.644 units
Valencian community 0.42%, 10.212 units

Who is buying those bank properties in Spain?

We found at least one institutional buying bank properties in Spain for more than 10 years… Here is our article on that: “Are bank properties in Spain a nice investment opportunity?”

Check the full press release in Spanish.

Check the Spanish report from the INE.

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Spanish real estate market activity: +10% growth for transactions in 2018

STEPHANE — Thu, 28 Feb 2019 05:06:26 +0000

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How strong is the activity on the real estate market in Spain?

The “Instituto Nacional de Estadisticas”, INE, has just released the Transactions statistics for the month of December 2018 and the full year.

33.831 properties were sold in December +3.8% vs last year
90% are transactions on non protected properties while 10% are on protected properties
27.659 properties are second-hand sales, i.e. 82% of the transactions, a growth of 6.5% vs last year
6.172 are new build properties, i.e. 18% of the transactions, a growth of 93.2% vs last year

Here is the price and transaction evolution with quarterly data over the last 20 years:

What are the most active regions in terms of transactions?

Andalusia with 6.741 transactions, +7.1% vs last year
Catalunia with 5.184 transactions, +5.9% vs last year
The Valencian community with 5.140 transactions, + 2.9% vs last year
The Madrid Community with 4.854 transactions, +1.6% vs last year

Those 4 regions are the same where foreigners are the most active:

Where do we see the strongest growth in December vs last year?

The Region of Murcia with a growth of 22.6% and 1.102 transactions
Cantabria with a growth of 19%, and 500 transactions
Extremadura with a growth of 18.4% and 560 transactions
La Rioja with a growth of 18.6% and 223 transactions

Where do we see the biggest activity vs the living population in the region?

The Valencian community with 131 transactions for 100.000 inhabitants
The Balearic Islands with close to 109 transactions per 100.000 inhabitants
Cantabria has 108 transactions per 100.000 inhabitants

Where do we see the slowest activity vs the living population in the region?

Asturies, Aragon, Canary Islands, Castilla and Leon, Castilla La Mancha, Catalonia, Extremadura, The Basque country and Galicia are the least active regions with transactions between 95 to 63 per 100.000 inhabitants.

If you want to check further the activity on the top 20 property markets in Spain: evolution of prices and transactions up to June 2018, have a look at our full report:

What was the situation on the Spanish property market in August 2018?

44.637 properties were sold in August +7.4% vs last year
90% are transactions on non protected properties while 10% are on protected properties
36.462 properties are second-hand sales, i.e. 82% of the transactions, a growth of 6.9% vs last year
8.175 are newbuild properties, i.e. 18% of the transactions, a growth of 9.6% vs last year

Most active regions in terms of transactions?

Andalusia with 9.141 transactions
Catalunia with 6.883 transactions
The Valencian community with 6.591 transactions
The Madrid Community with 6.212 transactions

Strongest growth vs last year?

The Navarre with a growth of 37.3% and 670 transactions
The Region of Murcia with a growth of 23.4% and 1.423 transactions
The Asturias with a growth of 23.4% and 817 transactions
The Basque country with a growth of 18.7% and 1.855 transactions

Biggest activity vs the living population in the region?

The Valencian community with 168 transactions for 100.000 inhabitants
Andalusia with 139 transactions per 100.000 inhabitants
The Navarre, Cantabria, The Balearic Islands have all close to 130 transactions per 100.000 inhabitants
Murcia, The Canary Islands and Madrid have all close to 122 transactions per 100.000 inhabitants

What is the evolution over the full year 2018?

Strong growth of properties sold in Spain in 2018: +10.1%

The growth was strong in 2018: +10.1% to 515.051 units. Actually, it’s not the first time: +15,4% in 2017, +14% in 2016 and +11.5% in 2015. To compare this number with the units sold in 2014, we had 318.8 properties sold in 2014.

Please remember, you have 26m properties in Spain and before the crisis, yearly transactions were bigger than 800.000 units/year.

New build and existing properties are both strong in 2018:

New build properties: 92.520 sold in 2018, +11.1% vs last year. (+10.8% in 2017, -2.4% in 2016, -34.5% in 2015)

Existing properties: 422.531 sold in 2018, +9.9% vs last year. (+16.4% in 2017, 18.5% in 2016, 38.4% in 2015)

Check the evolution over the last 4 years

Which are the most active regions in 2018?

Here are the 4 most active regions in Spain in term of property transactions:

Andalusia	101300
Catalonia	81000
Valencian Community	78800
Madrid (Community of)	75900

Which regions are growing faster than the country average?

Here are the Spanish regions growing at the fastest pace in 2018:

Region of Murcia	24.3%
La Rioja	18.9%
Castilla-La Mancha	18.1%
Navarre	16.2%
Valencian Community	14.7%
Asturias	13.8%
Cantabria	13.6%
Andalucía	13.1%
Galicia	12.1%
Aragon	10.8%

Which are the Spanish regions with the most transactions per 100.000 properties?

Valencian Community	2000
Balearic Islands	1600
La Rioja	1500
Madrid (Community of)	1500
Andalucía	1500

Which are the Spanish regions with the least transactions per 100.000 properties?

Galicia	800
Extremadura	900
Asturias	1100
Castile and León	1100
Basque Country	1100

Looking for a mortgage or a local expert in Alicante, Malaga, Valencia, Madrid, Barcelona,…? Ask us directly!

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Everything you ever wanted to know about the top 20 Spanish Cities real estate markets

STEPHANE — Mon, 16 Oct 2017 05:02:31 +0000

Automatic translation from Google translate:

FYI, all our charts are always up to date, but for the up to date comments, check our most recent quarterly update “Quarterly update on the Spanish real estate market“.

Everything you ever wanted to know about the top 20 Spanish Cities real estate markets

Here is a summary of all our resources that we have created in 2017 on the 20 biggest Spanish cities in order to help you be more efficient in your search for your ideal property in Spain. We ended this week our series of 21 papers on all the main Spanish cities with our paper on Castellón. Since March 2017, we wrote 21 specific papers we are very proud of this work!

Have a look at the real estate price evolution for all the 18 Spanish regions since 2005 (€/m²):

As you can see on this chart, Spanish real estate prices (thick orange line) got its lowest price point in early 2014 since the crisis of 2008. Since early 2014, real estate prices are rebounding and reached on average 1530€/m² as of June 2017. If you look at prices in general, yes we can talk again about growth but if you compare those to the levels of 2008 or to European real estate prices, you can still find bargains. Furthermore, you surely noticed that most of the prices are lower than the prices of early 2005, as it is the case for Spain when prices were at 1680€ per square meter.

The market in Spain is divided into two groups since 2014: the regions where prices are increasing again: mainly, Barcelona, Madrid and the Balearic Islands and all the other regions where the prices have stabilized or are increasing modestly.

The five regions with prices above the national average are the Basque Country (2397€/m² as of June 2017), the Community of Madrid (2264€/m² as of June 2017), the Balearic Islands (2208€/m² as of June 2017), Catalonia (1834€/m² as of June 2017) and Ceuta and Melilla (1668€/m² as of June 2017).

It is really easy to buy a property in Spain but, because you are not on the ground, because you don’t know the market and because you need to check your property in order to avoid any nasty surprise, we advise you not to do it alone. We are foreigners and Spanish residents who bought properties in Spain and we developed a network of reliable partners in order to assist foreigners in their purchases of a Spanish property.

Don’t forget, if you are buying in Spain as a foreigner, you could have two different motives:

Pleasure
Investment

or the two combined. Depending on what is (are) your own motivation (s) your criteria will be different.

90% of foreigners are looking for beaches, sea and sun…

Rember our infographic on why people are buying a property in Spain:

So it’s not a surprise to have as the top 4 buying destinations Cities in Spain for foreigners: Alicante, Malaga, Barcelona and Madrid (the exception, but yes it’s the capital and the 3rd biggest city in Europe).

The top Regions where foreigners are buying real estate are the Valencian Community, Andalucia, Catalonia and the Canary and the Balearic Islands. Madrid is the last Region. Have a look at our infographic with the data of 2016. Foreigners bought 77500 properties, i.e. 17% of all the transactions that took place in Spain during the last year.

After those quick reminders on the Spanish market, let’s finally get to the core of our paper: find all resources sorted per city with the evolution of the price per square meter of all the different cities for the last 20 years!

All you ever wanted to know about the 20 biggest Spanish cities from Alicante… to Zaragoza:

Alicante, Almeria, Barcelona, Bilbao, Cadiz, Castellon, Girona, Ibiza, Las Palmas de Gran Canaria, Madrid, Málaga, Palma de Mallorca, Murcia, Santa Cruz Tenerife, Sevilla, Sitges, Valencia, Valladolid, Zaragoza

Alicante

Our article on Alicante: Alicante: the Spanish pearl
Check the monthly weather statistics for Alicante
Check our Citytrip ePostcards on Alicante
We have the experts: Lawyers, Property hunters, Architects, Banks from our network of local partners to assist you in your language
Follow this link to ask for one of our local experts

Check the real estate price evolution for Alicante since 1995

Prices in Alicante remain on average 20% lower than the national average and close the lowest reached since the crisis of 2008.

Almeria

Check the real estate price evolution for Almeria since 1995

Prices in Almeria remain on average 25% lower than the national average and close the lowest reached since the crisis of 2008.

Barcelona

Our article on Barcelona: Barcelona real estate market is rising in 2017
Check the monthly weather statistics for Barcelona
Check our Citytrip ePostcards on Barcelona
We have the experts: Lawyers, Property hunters, Architects, Banks from our network of local partners to assist you in your language
Follow this link to ask for one of our local experts

Check the real estate price evolution for Barcelona since 1995

Prices in Barcelona are on average 40% higher than the national average and rebounded about 15% from the lowest levels reached since the crisis of 2008. If you take into account the number of transactions, Madrid and Barcelona are the two strongest markets.

Bilbao

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

Cadiz

Check the real estate price evolution for Cadiz since 1995

Prices in Cadiz remain on average 15% lower than the national average and close the lowest reached since the crisis of 2008.

Castellon

Check the real estate price evolution for Castellon since 1995

Prices in Castellon remain on average 30% lower than the national average and close the lowest reached since the crisis of 2008.

Girona

Check the real estate price evolution for Girona since 1995

Prices in Girona followed the national prices as if Girona was the national market really funny! Check these two charts!

Ibiza

Check the real estate price evolution for the Balearic Islands since 1995

Prices in the Balears recovered strongly from the lows since 2008 (+15%) and are on average 40% higher than the national average.

Las Palmas de Gran Canaria

Our article on Las Palmas de Gran Canaria: Gran Canaria, the tropical gem of Spain
Check the monthly weather statistics for Las Palmas de Gran Canaria
We have the experts: Lawyers, Property hunters, Architects, Banks from our network of local partners to assist you in your language
Follow this link to ask for one of our local experts

Check the real estate price evolution for the Gran Canaria since 1995

Prices in Gran Canaria remain on average 10% lower than the national average and rebounded by 10% of the lowest levels seen since 2008.

Madrid

Check the real estate price evolution for Madrid since 1995

Prices in Madrid are leading the charge and are 45% higher than the national average. They rebounded by about 13% from the lowest levels seen since 2008. If you take into account the number of transactions, Madrid and Barcelona are the two strongest markets.

Málaga

Check the real estate price evolution for Málaga since 1995

Prices in Málaga are about 8% higher than the national average and rebounded by a little bit more than 10% from the lows seen since 2008.

Palma de Mallorca

Our article on Palma de Mallorca: Mallorca, a paradise in the middle of the Mediterranean
Check the monthly weather statistics for Mallorca
We have the experts: Lawyers, Property hunters, Architects, Banks from our network of local partners to assist you in your language
Follow this link to ask for one of our local experts
Check the real estate price evolution for the Balearic Islands since 1995

Real Estate prices in Mallorca are 40% higher than the national average and rebounded by 15% since 2008.

Murcia

Check the real estate price evolution for Murcia since 1995

Property prices in Murcia are about 35% under the national average. They remain at the lowest levels seen since 2008.

Santa Cruz Tenerife

Check the real estate price evolution for Tenerife since 1995

Prices in Tenerife rebounded by more than 10% since the bottom of the period between now and 2018 but remain on average, 15% lower than the national average. The weather is more stable during the winter months but yes, your flight is a little bit longer.

Sevilla

Check the real estate price evolution for Sevilla since 1995

Real estate prices in Sevilla are 20% lower than the national average and close to the lowest prices seen since 2008.

Sitges

Check the real estate price evolution for Barcelona since 1995

This chart is reproducing the prices of Barcelona, a few kilometres north from Sitges. Prices in Sitges are strong as Sitges is seen as “the” seaside city in Catalonia.

Valencia

Have a look at our feedback from our real estate city trip to Valencia, April 2018.
Our article on Valencia: Valencia, the third biggest city in Spain, is a centre of interest for foreigners
Check the monthly weather statistics for Valencia
We have the experts: Lawyers, Property hunters, Architects, Banks from our network of local partners to assist you in your language
Follow this link to ask for one of our local experts

Check the real estate price evolution for Valencia since 1995

Real estate prices in Valencia are about 25% under the national averages. At the same time, it is the third city in Spain in terms of inhabitant! A bargain to check quickly?

Valladolid

Check the real estate price evolution for Valladolid since 1995

Prices in Valladolid are more than 20% under national averages and at bottom of prices reached during the last 10 years.

Zaragoza

Check the real estate price evolution for Zaragoza since 1995

Zaragoza real estate prices are about 20% lower than national averages.

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Source: Ministerio de Fomento

The post Everything you ever wanted to know about the top 20 Spanish Cities real estate markets appeared first on How to buy in Spain.

Murcia, a good city to make a property investment

STEPHANE — Thu, 05 Oct 2017 05:10:54 +0000

Automatic translation from Google translate:

Murcia, a good city to make a property investment

Although you may not know Murcia, the capital of the region of Murcia, as it is little known outside of Spain, it has a rich historical heritage because of the large number of civilizations (Iberians, Phoenicians, Byzantines, Carthaginians, Romans and Arabs) who settled on its territory.

Why Murcia?

Located in the southeast of the Iberian Peninsula, exactly in the valley of the River Segura, flowing through the city, it enjoys an enviable climate for Europe, with an average annual temperature of almost 19 degrees and about 3,000 hours of sunshine a year.

As mentioned, Murcia is a Spanish city famous for its rich historical and cultural heritage, one of this beautiful example is its cathedral. Although during the holy week it receives many visitors who are fond of religious tourism, it also arouses the interest of many people who wish to establish their residence in the city.

In addition to the Cathedral, right next to the city there is the famous orchard of Murcia, a unique ecosystem that can be visited on foot or by bicycle.

How is the Murcia real estate market?

The average price of housing in Murcia was in the second quarter of 2017 at € 971 per square meter. Although it seems that the market prices have stabilized and are exiting the crisis, the recovery is slow, because the price increase during the last year is only 2.9%. Real estate prices are low compared to historical standards and started to rise again since end 2014 in Spain, but prices remain low in the region of Murcia, check our interactive chart.

Foreigners are very active

Foreigners have noticed this: foreign investments have risen about 25% over the previous year for the entire region of Murcia.

Where to live in Murcia?

Murcia, with more than 400,000 inhabitants, has different nice areas where you can buy a home.

The neighbourhood “barrio del Carmen” is the most populous in the city. That is where the train station is located which has made the apartments of this area as the most coveted in the city. In addition, this area has also all the basic services covered such as schools, supermarkets or stores.

The neighbourhood “barrio de la Fama” is the centre of the city. Here you can find a wide range of services, such as libraries or various educational centres. It is one of the most expensive areas of Murcia. It is also near the beautiful and picturesque districts of Vistabella and fleet.

But if what you are looking is a quieter area, there are neighbourhoods “barrio del jardín de la Constitución” and “el barrio Huerto de las Palmeras” that are two areas with many green areas.

How to get around in Murcia?

Murcia has several bus lines and tram, although it is a city that can be explored by bicycle very easily.

The train station connects the city with other parts of the province such as Cartagena. You can also arrive by train to the neighbouring provinces (Almeria and Alicante) and the cities of Madrid and Valencia. All these sites can also be reached by road or highway.

Murcia city does not have its own airport. The nearest airport is San Javier, which has flights to some European cities (mostly to the British Isles). If you want to fly to other parts of Spain or Europe, the airport of Alicante is 70 km away.

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

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

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 Murcia and of the 18 biggest cities in Spain.

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Senior Journalist and writer at HTBIS

Raimon