Foreign demand for property in Spain increased by 5% to 16,142 purchases recorded by the Association of Spanish Land Registrars between July and September, according to their latest report.
The overall Spanish property market increased by 11,9% with 133,295 sales recorded in the period, driven by a 12.8% increase in local demand.
As a result of local demand growing faster than foreign demand, the market share of foreign buyers fell to 12%.
The biggest increase in demand came from Morocco, up 34%, followed by the UK, up 16%, suggesting that the initial shock of Brexit has worn off, and if anything left the British even more keen on property in Spain. The biggest fall came from China, down 15%.
