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More than 15% of real estate transactions in Spain are carried out by international investors.

According to data compiled by the Real Estate Registry Statistics of the Registrars of Spain, during the third quarter of 2023, foreign investors accounted for 15.44% of total sales and purchases, ranking as the second best figure in the historical series, only surpassed by the 15.92% recorded in the third quarter of 2022.

 

Ferran Font, Director of Studies and spokesperson for pisos.com, has analyzed the current situation of the real estate market in Spain and has highlighted in a very positive way the increase in sales made by foreign investors, whom he considers to be dynamic and necessary agents in the sector.

 

In the current context of economic uncertainty and rising prices, the demand for property by Spaniards has decreased. Faced with this reality, a key element in the real estate sector is the foreign investor, who now represents 15.44% of all sales and purchases in Spain, according to the latest data from the Association of Registrars.

 

"This figure, the second highest in the historical series and slightly below the third quarter of 2022 (15.92%), demonstrates the great attractiveness that the Spanish real estate market continues to have in the European context. In the face of the decrease in the number of transactions, the foreign investor emerges as a key dynamizing agent", explained Ferran Font, Director of Studies and spokesperson for pisos.com.

 

"If there is an investor profile that has always stood out in Spain, that is the British buyer, who views our territory with great interest, not only for the prices of homes, but also for the climate and quality of life, even occupying today the first place in the ranking, despite the diversification of demand," detailed Font.

 

In the third quarter of 2023, the British have once again led foreign investor transactions in Spain (10.11%). They are followed in the Top 5 by Germans (7.01%), French (6.72%), Belgians (5.35%) and Moroccans (5.32%).

 

As for the locations preferred by this type of buyers, the Mediterranean coast continues to be one of the main attractions. According to the latest report of the Association of Registrars, the provinces with the greatest weight in the purchase of homes by foreigners during the third quarter were Alicante (43.76%), Santa Cruz de Tenerife (36.58%), Malaga (35.33%), Balearic Islands (31.69%), Girona (30.85%), Murcia (24.83%) and Las Palmas (20.85%).

 

As for the autonomous communities, those that concentrated more operations by foreign investors were Balearic Islands (31.69%), Valencian Community (29.45%), Canary Islands (28.17%), Region of Murcia (24.83%), Catalonia (16.36%) and Andalusia (15.98%).

 

"The reasons that make our country internationally attractive are varied, from the excellence of our residential park and the privileged climate of the Spanish coastline to the prices, which, despite not experiencing a moderation, are still below other European Union countries", concluded Ferran Font.