According to the latest report from the Association of Spanish Land Registrars, foreign demand for property in Spain increased by 11% to 17,338 purchases.

The overall Spanish property market increased by 12% with 134,196 recorded sales in the period.

Local demand growth was 12.6%, outpacing foreign demand and leaving the market share of foreign buyers down a fraction to just under 13%.

The British were still the biggest group of foreign buyers with 15% of the foreign market, almost double the size of the next biggest group – the French.

The biggest percentage increase in foreign demand came from Ireland, up 47%, and the biggest decrease came from France, down 8%.

Overall, the latest figures show that foreign buyers are still keen to buy property in Spain.

 

The MHI Group
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