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The top 10 Spanish cities where foreigners love to buy properties!

15 Nov
2019
5 (100%) 2 vote

Automatic translation from Google translate:

 

The top 10 Spanish cities where foreigners love to buy properties!

Let’s analyse the foreigners real estate activity in Spain.

Where do they buy properties? In which cities, regions and Costas?

 

Up to end December 2018, according to the Centro de Informacion Estadistica del Notariado, there were 562,189 residential properties sold during the last year in Spain vs 513,814 one year before: i.e. a 9% growth!

103.608 of the properties sold during the last year in Spain were bought by foreigners, that’s about 18.5% of every transaction vs respectively 100,095 the year before. A 4% growth, not bad! Remember, as a foreigner, you need to have a NIE number if you want to buy a property in Spain. Read our article on that subject if needed: Your ultimate guide to your Spanish NIE number.

 

The real estate transactions in Spain are at the highest level since 2008 in fact!

Spaniards and Foreigners are very active, both are buying the most since 2008, check this chart:

 

As a reminder, here is the price evolution of the square meter in Spain during the last 20 years.

We wanted to dig deeper and have a more precise view, so we checked it from the “Costas” view, from the “Region” view and from the “City” view.

 

Don’t miss our foreigners property buyers guides written for any top 10 country active in Spain.

 

 

I. Foreigners real estate activity for all the Spanish Costas (& Islands) – last year up to December 2018

 

The top 5 Costas & Islands for purchases by foreigners are:

  1. The Costa Blanca #21.059 transactions (23% of transactions by foreigners)
  2. The Costa del Sol #11.017 transactions (18% of transactions by foreigners)
  3. The Canary Islands #7.020 transactions (8% of transactions by foreigners)
  4. The Costa Barcelona #9.254 transactions (11% of transactions by foreigners)
  5. The Balearic Islands #5.933 transactions (6% of transactions by foreigners)

=> It is very interesting to note that only 11% per cent of the purchases made by foreigners are inland! (“Other cities without sea” on our chart)

 

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The top 5 Costas & Islands in terms of transactions growth are:

  1. The Costa de la Morte 46%
  2. The Costa del Azahar with 37%
  3. The Costa Almeria with 28%
  4. The Costa Valencia with 28%

Two regions suffer negative growth: the Costa Barcelona (-28%)  and the Costa Brava (-9%).

If you want to read more on the Spanish Costas, have a look at our articles we wrote on all the Spanish costas

II. Foreigners real estate activity for all the Spanish regions – last year up to June 2019

5 (100%) 2 vote
€ 417,000
3 beds 2 baths
€ 287,000
3 beds 2 baths
€ 241,000
2 beds 2 baths
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