Who are the foreign buyers in Spain?
Foreigners bought 65,400 Spanish properties in 2018. But who are the Top 20 nationalities of foreign buyers in Spain?
Top 20 foreign buyers in Spain
- United Kingdom with 10,163 properties purchased in Spain in 2018
- Germany 4,892
- France 4,833
- Belgium 4,094
- Sweden 3,793
- Romania 3,558
- Italy 3,519
- Morocco 3,146
- China 2,577
- Russia 1,916
- Netherlands 1,779
- Norway 1,308
- Ukraine 1,033
- Poland 988
- Algeria 870
- Ireland 844
- Bulgaria 746
- Switzerland 628
- Denmark 615
- Rest of the world: 14,100
Do you think British buyers are the most important? Think again! Foreign buyers is a long-tail as you can see better if we look at those numbers graphically:
1 in 8 buyer is a foreigner
With 12,6% of transactions and 65,400 purchases, foreigners represent 1 in 8 buyer in Spain.
In exact terms, foreigners bought 65,400 properties in Spain while the total number of transactions reached 516,680. Remarkably, this figure is the highest since 2008, confirming the well being of the Spanish real estate market.
Market sizing: how many billion euros?
Spanish real estate market: €85 billion
- Number of total transactions: 516,680
- Average transaction price: €166,000
- Market size = €85.7 billion in transactions
Foreign buyers in Spain: €10.8 billion
- Foreign buyers: 12,6% of the market
- Market size of Foreign buyers: €10,8 billion euros
According to the quick calculation above, foreign buyers represent €10,8 billion in transactions.
A video perhaps to discuss this?
A year ago I was interviewing about this with Fotocasa (leading property portal in Spain). You can see the full version in Spanish below.
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