British nationals buy one in eight properties in Spain.

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06 Oct 2015 23:33 by eos_ian Star rating in Valencia. 488 posts Send private message

eos_ian´s avatar

Brits are number one for house-buying in Spain at the moment, particularly in the Balearic Islands, the Canaries and the Comunidad Valenciana.

Property purchasers from the UK make up one-fifth of all foreign buyers, and 12.7% of the total, according to recent figures from the College of Registrars.

Although the first quarter of 2015 saw a general decline in buyers from outside Spain, as is usually the case the spring and summer saw numbers increasing – foreigners accounted for 12.8% of buyers in the second quarter.

In general, foreigners buying holiday homes or permanent residences in Spain levelled out this year after a sizeable hike in 2014, but their presence in the market is very significant in certain of the country's autonomous regions, especially in those traditionally associated with summer holidays.

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