French buyers love Spanish real estate

In 2018, foreigners bought 65,000 Spanish properties. If you wondered what are the Top 5 nationalities of foreign buyers in Spain, here you go:

United Kingdom (15,5%)
Germany (7,5%)
France (7,4%)
Belgium (6,3%)
Sweden (5,8%)

Yet of course, this covers barely 40% of foreign buyers in Spain. But let’s focus on France, and French buyers for now.

France is the #3 biggest foreign buyer in Spain

French buyers bought 4,800 properties in Spain in 2018. This represented 7,4% of the 65,500 properties bought by foreign buyers in Spain. Only the British and the German could beat the French.
However if we add other French-speaking countries, the French-speaking buyers come first!

French-speaking buyers: the #1 group of foreign buyers in Spain

Let’s consider all French buyers in Spain:

France – the French bought 4,800 Spanish properties (7,4%)
Belgium – the Belgian bought 4,100 Spanish properties (6,3%)
Morocco – the Moroccans bought 3,145 Spanish properties (4,8%)
Algeria – the Algerians bought 869 Spanish properties (1,3%)
Switzerland – the Swiss bought 627 Spanish properties (1%)

Cumulating all, French-speaking buyers purchased over 13,500 Spanish properties in 2018. So, when you think about marketing your properties to foreign buyers, think about the French speakers.

French buyers’ average loan is €174,000

French buyers took an average loan of €174,000 to buy a Spanish property.

The French bought €2.4 billion of Spanish real estate

Considering the average French-speaker bought a property worth €174,000, with 13,500 transactions, we get to 2.4 billion euros worth of transactions. With an average 4% commission for real estate agents, this means 94 million euros worth of commissions to be made for real estate agents in Spain! Would you like to capture some of it?

Do you need help? Reach out!

If you need help to define your digital marketing strategy, and chose the right portals to market your properties, feel free to reach out!