Enjoy Mediterranean lifestyle at its purest
Enjoy Mediterranean lifestyle at its purest
Enjoy Mediterranean lifestyle at its purest
Despite the collapse of British investors in the purchase of Spanish housing after the British referendum, they are still the foreign national who buys more housing in Spain.
Foreigners made 13.75% of the total purchase and sale of housing in Spain in 2016, of which 19% corresponds to the British, although its weight has plummeted by 6 points since the last quarter of 2015 , Derived from the Brexit, according to the 'Yearbook of Real Estate 2016' of the College of Registrars.
Likewise, the fall in the weight of the British in the purchase and sale operations has been offset in the total of the foreign demand by the increase of the purchases by investors of French or Belgian nationality.
At the end of 2016, foreign demand stood at 13.25% (13.18% in 2015) in relation to the total purchase of housing in Spain. Thus, from the historical low of 2009 (4.2%), accumulated seven consecutive years of growth.
In absolute terms, foreigners bought a total of 53,495 homes in 2016, compared to 46,730 in 2015. The Spaniards accounted for 86.75% of all operations. Thus, total transactions, both domestic and foreign, increased by 14%, registering 403,743 transactions.
As for house prices, there was an increase of 5.7% (6.6% in 2016). In the last three years, housing prices have rebounded 13.3% from the 2013 lows. Despite this increase they are still 25% below the highs registered in the real estate boom.
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