Property sales involving a foreign buyer has hit a new high of 10,430 transactions or 13.1% market share, an increase of 19%!
The British are the most active buyers, buying 1,886 Spanish properties this year, a 37% increase year to date.
The French, Russians, Germans and Belgiums complete the top 5 foreign buyers of Spanish property.
In the boom years, foreign buyers accounted for 8-9% of the market, with a fall to 4 % during the financial crisis. Since then, foreign demand has increased in market share and local demand continues to shrink.
Source: Spanish Property Insight