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Foreigners buy between 30 and 45% of the homes for sale in the Canaries and Levante

In the last year they have acquired more than 55,000 floors throughout Spain.

Foreigners bought almost 15,000 homes in Spain during the first quarter of the year. For the fourth consecutive quarter, they accounted for a market share of more than 13% in the context of a strong increase in sales (+ 21.75% year-on-year) and prices (+ 7.74%). Their clear preference has been for coastal areas with two provinces where they have acquired more than 40% of the homes sold: Tenerife (44.16%) and Alicante (41.10%).

They are followed by two other provinces with amounts above 30%: Girona (32.89%) and Baleares (31.71%). Relatively close is the province of Malaga (28.19%), followed by Las Palmas (24.01%), both above 20%. The rest of the provinces, with results above the national average, are Almería (17.75%), Murcia (15.95%), Tarragona (15.35%) and Castellón (14.02%).

The British buy less and less, the rest of nationalities more and more.

This increase in demand has occurred despite the decline in British demand, accusing the effects of the uncertainty generated by the Brexit. Keeping the first position, have registered their lowest percentage weight of the historical series, with 14.47% of the purchases of housing by foreigners. Fortunately, it has been offset by the increase in many other nationalities, led by French (9.64%), German (7.65%), Belgian (6.85%), Swedish (6.33%), Italian , 10%) and Romanians (5.26%).

In the last year, more than 55,000 homes have been bought by foreigners, compared to just over 48,500 of the previous 12 months. Its commitment to the Spanish market, especially in the Canaries and the Levante area, has revived the real estate market. The provinces where the foreigners have invested the most are also the ones that have registered the most operations, according to the report.

Tabaira Real Estate, you reliable Estate Agents in Moraira, Costa Blanca.

Tabaira Real Estate we are estate agents based in Moraira. If you want to buy homes in Costa Blanca North trust us. We are pleased to be at your service to give the villa of your dreams by the sea. Our villas are located in attractive places such as Moraira, Benissa, Teulada or Benitachell.

Certainly, if you look for a place to enjoy the sun and the Mediterranean Sea, we invite you to explore our properties. You will easily find the property that best suits your needs. Contact us today. We will be pleased to be at your disposal to find the waterfront home you deserve.