German buyers purchased 4,900 properties in Spain in 2018. Therefore, Germany was the #2 biggest nationality of foreign buyers in Spain, after the United Kingdom. In other terms, Germans bought 13 Spanish properties per day.
Germans buy more Spanish properties each year
Germans buy more Spanish properties each year. See below the growth from 2.300 properties purchased by Germans in 2013, to 4.900 properties acquired in 2018 (+113%).
Germany, the #2 country of foreign buyers in Spain
Consequently Germans are now the #2 nationality of foreign buyers in Spain. Hence taking over the #2 position from the French buyers. Only the British are ahead.
Do German buyers purchase New Homes?
Mostly, Germans buy 2nd hand homes (84,05%). However, their appetite for New Homes is still strong, as 1 in 6 German bought a new home. Indeed, with 15,95%, it shows that Germans are more encline towards new homes than the British (12,91%) or the French (10,69%).
German buyers per Spanish region
How do Germans rank, in the top nationalities of foreign buyers, per region?
- Andalucia (including Costa del Sol) Germany is the #6 nationality of foreign buyers (after the UK, Sweden, Belgium, Morrocco and France)
- Balearic Islands and Mallorca in particular: #1, with 37% of acquisitions by foreign buyers
- Canary Islands: #3, with 14% (coming after Italy, and the UK)
- Catalunia: #7 with 3,6% (top 3 is occupied by France, China, Morrocco)
- Madrid: not even in the top 10 !
- Murcia: #6 with 2,6%
- Valencian Comunity: #6 with 4,7% (after UK, Sweden, Belgium, France, Russia)
Looking to market your properties to German buyers?
Read this article first (click here) about the leading German property portals. Then, feel free to get in touch to start marketing your properties to German buyers actively.