According to the Spanish Ministry of Development (Fomento), international buyers accounted for nearly 1 in 5 transactions in Spain in the first quarter of 2017, rising over 13% year-on-year to reach 21,096 transactions.
What Spanish provinces attract more international buyers ?
Here below data about the Spanish provinces where international buyers are most active (source here), with Alicante, Canarias, Baleares and Malaga leading the chart in terms of percentage (but not total sales!).
What should property sellers do ?
The booming international sales figures remind the need to market properties to international buyers and not just domestic ones. As foreign buyers are involved in nearly 20% of all real estate transactions in Spain, addressing this market seems a necessity. And if you wonder which nationalities are most involved, here is relevant information in this article here.
Thanks for reading my latest article on foreign buyers in Spain. For more information please consult https://foreignbuyerswatch.com/category/foreign-buyers-in-spain/