Despite the fall in the British demand of purchasing properties in Spain during the first quarter of 2017, there is a clear growth in the demand from other nationalities. In fact, there has been a 16% increase in sales to foreign buyers compared with the previous year.
During the first quarter of 2017, the total amount of properties sold to foreign buyers has been 14,870, of which 15% correspond to British buyers; 10% French, 8% German, followed by the Belgians, Swedish and Italians. The Italian market has shown a growth of almost 60%, followed by Romania, Morocco and France in comparison with the same period of 2016.
“…there has been a 16% increase in sales to foreign buyers compared with the previous year.”
However, since 2014 there has been a market of constant growth. This group known as “rest of the world” consists of all those countries that count less than 100 sales per year. It represents 41% of the sales registered, more than 6,000 properties sold during the first quarter of 2017. It is clear that the demand for property in Spain is diversifying… But why?
Why?
Spain is a very strong destination compared to other countries. In terms of lifestyle, cost of living and investment, it meets most of a buyer’s requirements.
- Prices, which are still 30% lower than they were in 2007, are very attractive.
- Properties to choose from apartments, townhouses, villas, country houses.
- Location, large coastal areas with beautiful beaches, ski resorts, cosmopolitan cities.
- Friendly culture; excellent climate; first class health care; infrastructure.
In addition to the aforementioned, also in the context of the current world climate, Spain must be considered a safe environment: a well-established democracy, well policed and politically stable in the Schengen area and the EU.
These above mentioned facts provide a safe worthwhile environment for property purchase.
