Over 18,000 Spanish homes sold to overseas investors last year
Saturday, July 23, 2011 @ 2:30 PM
Over 18,000 Spanish homes were sold to overseas property investors last year, a new survey has revealed.
According to the annual report from the College of Registrars, homes sold to foreigners accounted for 4.45% of the total Spanish property market in 2010.
While the market is not anywhere near the levels of its pre-recession heyday, the availability of relatively cheap homes means that it has remained flat year on year, with both economic migrants and retirees flocking to popular destinations like the Costa del Sol.
Nearly a quarter of the properties were brought by British property hunters. The French accounted for 8.2% of the total sales while the Germans (7.7%), Russians (6.9%) and Italians (5.6%) made up the rest of the top five.
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