Foreigners in the business: the demand from abroad ensures the positive dynamics of the Spanish property market

In 2014, sales of housing in sunny Spain have become catastrophically small. The blame for the insulting incident is a wave of economic crisis and civil unrest that swept across the country and led to serious disagreements in the government and deterioration of the state in various spheres. Gradually, the state recovers from the impact, which is noticeable already based on sales of square meters in early 2018. Monthly increasing external demand for Spanish apartments has reached a maximum mark, since the crisis time. The main buyers are residents of the UK, but other European and foreign businessmen and individuals show interest in housing in Spain.

Foreigners in the business: the demand from abroad ensures the positive dynamics of the Spanish property market

Figures and specific facts

The first quarter of 2018 was marked by carrying out 129 thousand transactions with real estate. This figure is almost 15% higher than last year's figures, as evidenced by comparative studies of the Association of Spanish property registrars. Moreover, such indicators were the highest for the last thirty-eight quarters. They are equal to the data that was last recorded back in 2008.

Out of this amount of purchase, foreign citizens were committed in 16,800 cases (mainly the purchase of residential premises in industrial and tourist Spanish regions). The figure is 13% higher than last year's statistics, so we can talk about the growing demand for investment in real estate by foreigners.

The list is headed by UK residents, who most often made transactions in the first quarter of 2018. They managed to become happy owners of 2,450 properties. The Germans (1320 transactions) and the French (with 1,290 purchases) also took the top three. In percentage terms, these indicators are 14, 8 and 7% respectively. Also there is a steady demand among residents of Ukraine, Russia, Belarus, inhabitants of the northern regions of Europe.

Foreigners in the business: the demand from abroad ensures the positive dynamics of the Spanish property market

In custody

The improvement in the situation on the Spanish market can not but rejoice the owners and potential buyers who expect to benefit from the contribution to the housing of the solar country. Interested in this and the government of Spain, which provides foreign residents with mutually beneficial mortgages. In the previous year, they used more than twenty thousand people, which is 7% of the total number of housing loans.