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Over 30% increase in property transactions by foreigners in Spain
Thursday, March 23, 2023 @ 8:39 PM

According to the latest provisional data from the Ministry of Transport, Mobility and Urban Agenda (Mitma), real estate transactions involving foreign buyers increased at a greater rate than those carried out by Spaniards, reaching a total of 134,592 (a rise of 30.6%) by the end of 2022.

Property transactions by foreigners living in Spain increased by 20.85% in 2022, to 71,542 transactions, whilst year-on-year data showed that property transactions by non-resident foreigners – people buying second homes in Spain - increased by 43.9%, to 63,050 transactions.

Over the same period, real estate transactions carried out by Spanish nationals living in Spain rose by 1.76%, to 577,281 transactions, whilst sales and purchases by Spaniards not currently resident in the country grew by 2.21%, to 4,039 transactions.

Region by region the Valencian Community still dominates, in terms of both resident and non-resident foreigners undertaking real estate transactions.


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