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.

Where are the different foreigners’ nationalities buying properties in Spain?

Give us your nationality and we will tell you where your compatriots are buying! Most of the time, they share your taste and are looking at the same properties. If you don’t know where to invest, check our rankings first.

Last week we did the analysis of the foreigners’ property activity in Spain for 2018:

Who are the foreigners buying properties in Spain in 2018? Which nationalities are active? Are they resident or not? Where do they buy? What price do they pay?

Of course, it’s not a secret, Spain is the top holiday destination for many Europeans:

Spain is “The” number one destination for holidays for the residents of those countries

1. Ireland
2. The United Kingdom
3. Germany
4. Denmark
5. Finland
6. Sweden
7. Portugal
8. France

And of course, Spain is the second most favourite destination for many other countries.

Remember our paper: “Give us your country of origin and we will tell you how much you love Spain” on this subject.

So it’s not a surprise to find many of those countries as the top buyers of properties in Spain:

In 2018 the most active nationalities were :

• the British (14.8%),
• the French (8%),
• the Germans (7.6%),
• the Romanians (7.2%),
• the Italians (6.4%),
• the Belgians (5,5%),
• and the Swedish (4.5%).

Representing 53% of all the real estate transactions purchased by foreigners in Spain in 2018 or 103.608.

Outside the EU, the most active countries are Morocco (6.8%), China (4.4%) or Russia (3.1%).

Don’t forget to get your NIE before buying your Spanish property, more on that here: Your ultimate guide to your Spanish NIE number and of course to hedge your currency smartly if you are buying from outside the European zone.

Another interesting article we would recommend if you are serious about Spain: How to buy a property in Spain as a foreigner?

Discover the best new build projects in Spain available right now

Where are the different foreign nationalities buying their properties in Spain? Where are they buying there Second Home in Spain?

The “Colegio de Registradores” in Spain has just released its last report of Foreigners activity on the property market in 2018.

We will review those nationalities from the most active to the least active in Spain: 1. United Kingdom, 2. France, 3. Germany, 4. Romania, 5. Italy, 6. Belgium, 7. Morocco, 8. Sweden, 9. China, 10. Russia, 11. Netherlands, 12. Norway

1. Where are the British buying their properties in Spain?

Register to our YouTube channel in English and get all our useful animated videos – click on the picture

British bought 15,300 properties in Spain in 2018, the Spanish regions where British are the number one property buyers (as foreigners) are :

• The Valencian Community
• Andalusia
• The region of Murcia

British are the number two property buyers (as foreigners) in :

• Asturias
• The Balearic Islands
• The Canary Islands

British are active as well but in a much less degree in:

• Galicia (3rd position)
• Cantabria (6th position)
• Catalonia (8th position)
• The Madrid Community (10th position)

Check our new detailed analysis: What are the ideal Spanish properties for English? Where do they buy? What price do they pay?

2. Where are the French buying their properties in Spain?

Register to our YouTube channel in French and get all our useful animated videos – click on the picture

French bought 8,237 properties in Spain in 2018, the Spanish region where French are the number one property buyers (as foreigners) is Catalonia, this is not a surprise due to its proximity with France and due to the fact that the region is cheaper than the “Méditérannée” in France.

French are active as well in many different Spanish regions:

• Galicia (2ndposition)
• Cantabria (3rd position)
• Estremadura (4th position)
• Murcia (4th position)
• Valencian Community (4th position)
• Andalusia (5th position)
• Balearic Islands (4th position)
• Canary Islands (5th position)
• Madrid Community (5th position)
• Aragon (5th position)
• Castille and Leon (7th position)

Check our new detailed analysis: What are the ideal Spanish properties for French? Where do they buy? What price do they pay?

3. Where are the Germans buying their properties in Spain?

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Germans bought 7,907 properties in Spain in 2018, the top Spanish region for the Germans is without any doubt the Balearic Islands. As you may remember, The properties there are as well the most expensive in Spain. Read our last Spanish property market 2018 report on this. The second destination for Germans, where they are the third biggest foreign country in terms of buyers, are the Canary Islands, it is a little bit less expensive than the Balearic Islands.

Germans are active in many other Spanish regions:

• Andalusia (6th position)
• Cantabria (6th position)
• Murcia (5th position)
• Valencian Community (6th position)
• Catalonia (7th position)
• Asturias (9th position)

Check our new detailed analysis: What are the ideal Spanish properties for Germans? Where do they buy? What price do they pay?

4. Where are the Romanians buying their properties in Spain?

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Romanians bought 7,427 properties in Spain in 2018, the Spanish regions where Romanians are the number one property buyers (as foreigners) are:

• Aragon
• Asturias
• Basque Country
• Castilla La Mancha
• Castille and Leon
• The community of Madrid
• Cantabria
• Navarre
• The Rioja

Romanians are active as well in many other Spanish regions:

• Navarre (3rd position)
• Catalonia (5th position)
• Galicia (7th position)
• Murcia (9th position)
• Valencian Community (10th position)
• Andalusia (8th position)

Check our new detailed analysis: What are the ideal Spanish properties for Romanians ? Where do they buy? What price do they pay?

5. Where are the Italians buying their properties in Spain?

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The Italians bought 6,651 properties in Spain in 2018, the Spanish region where Italians are the number one property buyers (as foreigners) is the Canary Islands.

Italians are the number three property buyers (as foreigners) in many Spanish regions:

• Balearic Islands
• Madrid Community
• Estremadura

Italians are active as well in many different Spanish regions:

• Catalonia (4th position)
• Asturias (4th position)
• Galicia (4th position)
• Aragon (6th position)
• The Basque Country (7th position)
• The Rioja (6th position)
• Aragon (6th position)
• Cantabria (5th position)
• Castilla la Mancha (7th position)

Check our new detailed analysis: What are the ideal Spanish properties for Italians? Where do they buy? What price do they pay?

6. Where are the Belgians buying their properties in Spain?

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Belgians bought 5,713 properties in Spain in 2018, the Spanish regions where the Belgians are the number three property buyers (as foreigners) are Andalusia, Murcia and the Valencian Community.

They are active as well in other regions:

• Canary Islands (4th position)
• Estremadura (6th position)
• Balearic Islands (9th position)
• Asturias (10th position)

Check our new detailed analysis: What are the ideal Spanish properties for Belgians? Where do they buy? What price do they pay?

7. Where are the Moroccans buying their properties in Spain?

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Moroccans bought 7,058 properties in Spain in 2018, the Spanish region where Moroccans is the number one property buyers (as foreigners) is Estremadura and Navarre. They are the number two in many Spanish regions:

• Castilla La Mancha
• Aragon
• Murcia
• The Rioja

Moroccans are active as well in many other Spanish regions:

• Castille and Leon (3rd position)
• Catalonia (3rd position)
• Basque Country (4th position)
• The community of Madrid (4th position)
• Andalusia (4th position)

Check our new detailed analysis: What are the ideal Spanish properties for Moroccans? Where do they buy? What price do they pay?

8. Where are the Swedish buying their properties in Spain?

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Swedish bought 4,710 properties in Spain in 2018, the Spanish regions where Swedish are the number two property buyers (as foreigners) are Andalusia and the Valencian Community and are active in other Spanish regions:

• The Balearic Islands (5th position)
• The Canary Islands (6th position)
• Murcia (6th position)

Check our new detailed analysis: What are the ideal Spanish properties for Swedish? Where do they buy? What price do they pay?

9. Where are the Chinese buying their properties in Spain?

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The Chinese bought 4,554 properties in Spain in 2018, the Spanish regions where the Chinese are the number two property buyers (as foreigners) are Madrid, Catalonia, The Basque Country and Estremadura and are very active in many other Spanish regions:

• Aragon (3rd position)
• Asturias (3rd position)
• Galicia (6th position)
• Cantabria (4th position)
• Castille and Leon (5th position)
• Navarre (7th position)
• Castilla La Mancha (6th position)

Check our new detailed analysis: What are the ideal Spanish properties for Chinese? Where do they buy? What price do they pay?

10. Where are the Russian buying their properties in Spain?

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Russian bought 3,194 properties in Spain in 2018, the three Spanish regions where Russian are buying residential properties are:

• The Valencian Community (5th position)
• Catalonia (6th position)
• The Canary Islands (8th position)

Check our new detailed analysis: What are the ideal Spanish properties for Russians? Where do they buy? What price do they pay?

11. Where are the Dutch buying their properties in Spain?

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Dutch bought 2,971 properties in Spain in 2018, the five Spanish regions where Dutch are buying residential properties are:

• The Valencian Community (8th position)
• Andalusia (7th position)
• Catalonia (10th position)
• The Balearic Islands (7th position)
• Murcia (7th position)

Check our new detailed analysis: What are the ideal Spanish properties for Dutch? Where do they buy? What price do they pay?

12. Where are the Norwegians buying their properties in Spain?

The Norwegians bought 2,007 properties in Spain in 2018, the Spanish regions where the Norwegians are buying real estate are:

• The Valencian Community (7th position)

To sum up: What are the main regions of activity for 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 2018 are

• The Balearic Islands with 30.5% of all transactions,
• The Canary Islands with 28.3% of all transactions,
• The Valencian Community with 26% of all transactions,
• Murcia with 19.6% of all transactions,
• and Andalusia with 13.1% of all transactions.

Do you want to check any region in particular? Check our quarterly report on the Spanish real estate market:

Looking for a local expert in Spain? Ask us directly!

Stéphane

Senior analyst and strategist at HTBIS

Check the full HTBIS team here

The post The most loved Spanish regions for the foreigners’ properties: British, French, German,… appeared first on How to buy in Spain.

The Statistical Information Center of Notaries in Spain has just released its last report of Foreigners activity on the property market. During the first semester of 2017, the sale of free housing by foreign buyers accelerated by 13.4% year-on-year to 50,087 purchased property.
This equals to 19.4% of all the transactions during the first six months of the year.

Which nationalities pay the highest price per m² in Spain?

1. Sweden €2,250
2. Germany €2,126
3. Switzerland €1,993
4. Denmark €1,951
5. Norway €1,934
6. Russia €1,822
7. France €1,728
8. Netherlands €1,723
9. Belgium €1,676
10. Italy €1,659

It is interesting to read this table with the chart we published last week:

Who are the biggest buyers of real estate in Spain?

Why is there such a big discrepancy between nationalities?

This price discrepancy on real estate prices paid by foreigners in Spain could come from many factors: each nationalities are buying in different regions of Spain: some are buying inland, some are buying with views on the sea, some are buying in cheap regions, some are buying in expensive regions,…

Check the prices paid per regions by foreigners during the first 6 months of 2017 and the evolution they had since one year:

If you want to read more on the subject and you missed our two papers of last week:

• Which are the top 10 Spanish cities where foreigners are buying properties NOW?
• Who are the foreigners buying properties in Spain in 2017?

Read the full paper in Spanish here.

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Looking for an expert in Spain? Ask us directly!

Stéphane

Senior analyst and strategist at HTBIS

Check the full HTBIS team here

The post Which nationalities pay the highest price per m² in Spain? appeared first on How to buy in Spain.