New Build Detached Villas in La Manga del Mar Menor

The foreign buyer acquires more than 55,000 homes per year in Spain

The British are the ones who buy the most, but they are in the lowest historical quota. The price of housing increases by 7.7% per year during the first quarter.

The purchase of housing by foreigners is at historic highs. Foreign buyers are left with more than 55,000 homes each year. Data from the Real Estate Statistics of the College of Registrars corresponding to the first quarter.

The British, leaders despite Brexit.

The British are still the most houses in Spain, but with a share that continues to decline. The weight of the purchase of foreign housing remained fairly stable in the first quarter in relative terms, presenting a rate of 13.1% of total purchases and sales.

This has resulted in figures around 15,000 quarterly sales. Accumulated interannual terms reached 13.3% of purchases by foreigners, at historical highs, resulting in figures of more than 55,000 annual home purchases made by foreigners.

Other nationalities increase their presence in the market.

By nationality, the British continue to lead the ranking with 14.5% of home purchases made, although their continued decline in recent quarters (in the previous quarter accounted for 16.4% of foreign operations) leads them to their Minimum historical share of total foreign sales.

According to the registrars, the French ascend to the second position with 9.6%, followed by Germans with 7.7%, with 6.9%, Swedes with 6.3%, and Italians with 6.1 %. These top six nationalities account for more than half of total home purchases by foreigners.

More purchases of new build property.

The sale of new housing also rises a lot The Real Estate Statistics of the Association of Registrars indicates that the price of housing in the first quarter amplifies the trend of recent quarters showing an annual increase of 7.7% and 4.1% over Previous quarter. The growth rate of the last quarters accumulated a decrease of the index of 22.8% from the maximum levels in 2007.

Golf Sun Spanish Properties offers you new build detached villas in La Manga del Mar Menor.

If you are looking for new build properties on the Costa Calida and Costa Blanca, you are in the right place. Golf Sun Spanish Properties works with the best developers to offer you the best chalets, apartments, townhouses and bungalows in the region. Contact us today, tell us what you are looking for and we will be able to work to find the house that best suits your needs.