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British nationals buy one in eight properties in Spain, and one in five of those sold to foreigners
Tuesday, October 6, 2015 @ 11:31 PM

BRITS are number one for house-buying in Spain at the moment, particularly in the Balearic Islands, the Canaries and the Comunidad Valenciana.

Property purchasers from the UK make up one-fifth of all foreign buyers, and 12.7% of the total, according to recent figures from the College of Registrars.

Although the first quarter of 2015 saw a general decline in buyers from outside Spain, as is usually the case the spring and summer saw numbers increasing – foreigners accounted for 12.8% of buyers in the second quarter.

In general, foreigners buying holiday homes or permanent residences in Spain levelled out this year after a sizeable hike in 2014, but their presence in the market is very significant in certain of the country's autonomous regions, especially in those traditionally associated with summer holidays.

Non-Spaniards bought 33.5% of homes in the Balearic Islands, or just over a third, between April and June inclusive, and 27.5% of those up for sale in the Canary Islands.

The Comunidad Valenciana was not far behind with over a quarter of properties going to non-Spanish buyers, or 25.7%, whilst Murcia, Andalucía and Catalunya showed figures of between 12% and 15%.

As was to be expected, areas not normally considered to be typical sunshine tourism destinations registered fewer foreign buyers.

Madrid's non-Spanish purchasers only accounted for 4.7% of the total of properties sold, just ahead of Aragón – a region with four of the country's best ski resorts and packed full of rural hotels – where only 4.5% of homes went to buyers from outside Spain.

Read more at thinkSPAIN.com



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