More than 15% of real estate sales in the third quarter of 2023 were carried out by foreigners

MADRID, 2 Ene.

More than 15% of real estate sales in the third quarter of 2023 were carried out by foreigners

MADRID, 2 Ene. (EUROPA PRESS) -

15.44% of the real estate sales carried out in Spain during the third quarter of 2023 were carried out by foreign investors, as reported by piso.com.

This figure is the second highest in the historical series and is "only slightly behind" the third quarter of 2022 (15.92%), which demonstrates "the great attractiveness that the Spanish real estate market continues to have within the European environment." , explained the director of the Studio and spokesperson for apartments.com, Ferran Font.

Likewise, the expert highlighted that "given the decline in the number of operations, the foreign investor now appears as a key driving agent."

Regarding the profile of the investor, Font has stated that "the British buyer has always stood out in Spain", who is interested in the price of homes, as well as the climate and quality of life.

In fact, in the third quarter of 2023, the British have once again been the investors who have accumulated the most transactions carried out by foreigners in Spain (10.11%). These are followed by Germans (7.01%), French (6.72%), Belgians (5.35%) and Moroccans (5.32%).

With regard to the areas preferred by foreign investors, the Mediterranean coast "has been and continues to be one of the main attractions", according to piso.com.

In this way and, according to the latest report from the College of Registrars, the provinces with the greatest weight of home purchases by foreigners during the third quarter of 2023 were Alicante (43.76%), Santa Cruz de Tenerife (36.58%) , Málaga (35.33%), Balearic Islands (31.69%), Gerona (30.85%), Murcia (24.83%) and Las Palmas (20.85%).

In the case of autonomous communities, those that have concentrated the most operations of this type have been the Balearic Islands (31.69%), the Valencian Community (29.45%), the Canary Islands (28.17%), the Region of Murcia (24.83%), Catalonia (16.36%) and Andalusia (15.98%).

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