Well, it just goes to show you that Spain is still extremely popular with those international buyers, with figures proving that this is the place for a perfect investment. Not only is it easy to get here by plane or car, but the style and size of property still proves to be excellent value for money. So the exchange rate isn't the greatest between the Pound to the Euro, but that's not holding those savvy investors back. Like everything to do with the property market, things go down, but do go back up just as quick.
During the first semester of 2016, foreign buyers were queuing up to purchase property in Spain, with the Canary Islands reaching a 44.2% in popularity. The Balearic Islands were at 41.5%, followed closely behind with the Valencian Community at 37.2%. Murcia then came in at 27.7%, Andalucia was 21.4%, and with the least amount of foreign investors were Extremadura at 3.1%, Galicia at 3.7%, Pais Vasco a 4.4%, Castilla y Leon 4.5% and Asturias at 4.7%.
There's no stopping us British! We still remain the number one foreign buyer!
At the close of the first semester of 2016, Notaries showed that it was the British people as the main buyers holding a 19% of the total, followed by 8% of French, 7.8% Germans, 6.5% Italians, 5.9% Swedish and Rumanians at 5.7%. All of these foreign buyers accumulate to half of the home sales for Spain!
Foreign buyers are spending on average €1,618 per square meter, which is an increase of 2.3% inter-annual.
The price per square meter, paid by non-residents of Spain, increased by 4.3% to €1,855, with residents spending €1,359 on average.
You’re not the only buyer still looking to purchase.... not just their home, but their dream, so you don't want to get left behind and be that person that ends up paying too much, just because you got cold feet! There'll never be a better time to buy. You don't have to be a rocket scientist, to be a savvy investor!