News: Spanish property market: 2018 overseas sales hit all time high
Written by Inmo Investments - 17 Nov 2018
The latest data shows significant increases in British and Irish buyers
Overseas property buyers are snapping up homes in Spain in record numbers, outpacing the boom years of the real estate industry.
The latest industry data released by the Spanish General Council of Notaries (Centro de Información Estadística del Notariado), shows a total of 53,359 homes in Spain were acquired by overseas buyers in the first half of 2018.
The number dwarfs the 33,000 sales recorded in the same period from January to June 2007, when the Spanish property market was at its peak.
And despite ongoing political instability at home British buyers continue to lead the way, accounting for a record 7,613 property sales transactions, an increase of 8.8% over the same period last year.
Interest from overseas property buyers continues to fuel the rise in house prices, with 18.7% of Spanish property sales (or almost two in every ten property sales) coming from abroad.
Purchasers from the United Kingdom accounted for 14.0% of all property sales to overseas investors, followed by French buyers with 4,211 homes, and German nationals who purchased 4,138 properties in Spain.
Sales of Spanish domestic property to British buyers has increased by 13.0% since the country´s June 2016 Brexit referendum, which saw the UK vote to leave the European Union.
Most notably, interest from Irish and Danish buyers saw quite considerable increases, with sales to Irish residents up by 24.7%, and property sales to buyers originating from Denmark showing an 18.2% increase year on year.
The Valencia region remains the favourite destination, heading the list of provincial communities by a comfortable margin. Nearly one in every three home sales (15,613) took place in the autonomous community, and the region posted the highest annual growth at 16.7%.
Please note: Inmo Investments is a registered Real Estate agency in Spain. We are not legally qualified solicitors, nor are we qualified to provide legal or financial advice, and this editorial publication is provided for information only based on existing publicly available information. We have taken every reasonable precaution to ensure the accuracy of the information, and the authority of the sources of information at the date of publication.
- New build - La Florida
Spain - Costa Blanca South - La Florida235.000€
New development of modern town houses in the sought after area of La Florida . Each town house provides 3 double bedrooms and 3 bathrooms, a modern living/dining area and open plan kitchen, fully equipped with top of the range electrical appliances. The town houses include 68m² garden, a terrace and a 36m² solarium. Communal areas boast a large swimming pool with jacuzzi, gardens, a children's playground and parking. Each property for sale is built to an exceptional quality and is...102 3 3
Bungalow - Resale - La Florida
Spain - Costa Blanca South - La Florida121.000€
Top floor bungalow with 2 bedrooms and private solarium in La Florida - Orihuela Costa. Beautiful bungalow on 1st floor with 50 sqm solarium The property offers 2 bedrooms,1 bathroom, ample lounge/dining room, American kitchen renovated and equipped with new appliances, porch at the entrance to the South with open views to a park opposite. Communal swimming pool. The house is completely furnished with new furniture. Super location, close to all amenities. Contact Inmo Investments today for a...58 50 2 1
Bungalow - Resale - La Florida
Spain - Costa Blanca South - La Florida94.995€
This is a beautiful Spanish bungalow with a traditional style in a very private urbanisation of La Florida. This property has 2 bedrooms, 1 bathroom and an open plan living/dining room with american style kitchen and a glazed in porch/terrace which can easily be converted in to extra living space. We then have the roof solarium catching the sun all day long. You will notice in this property the living room has a very unique vaulted ceiling with glass blocks installed making it very bright...2 1
Town house - Resale - La Florida
Spain - Costa Blanca South - La Florida110.000€
Well located town house for sale in La Florida within walking distance to all amenities. Comprises front garden, good sized lounge and separate kitchen, downstairs W/C, 2 double bedrooms and family bathroom, private roof solarium, sunny private rear garden with gate to the communal pool and garden areas. The property is in excellent condition throughout. Walking distance to local amenities and 3km to a number of beaches on the Orihuela Costa . Contact Inmo Investments today for a...75 120 2 2
Villa - Resale - La Florida
Spain - Costa Blanca South - La Florida179.995€
We are pleased to present this fantastic 2 bedroom 1 bathroom detached villa for sale in a quiet area of La Florida . This property has had a lot of improvement, natural gas and fibre optics have been installed, the front garden has been raised to the same level as the house with a lot of storage underneath. A storage shed has been built onto the side of the house and another storage cupboard with utility room next to it. We then have the roof solarium with conservatory and retractable...2 1
Garage - Resale - La Florida
Spain - Costa Blanca South - La Florida
A secure underground parking space for sale in the Zeniamar shopping centre in La Florida . The single 12m² space is suited to one vehicle, with remote keyfob supplied, and entry and exit via up and over electric door. Centrally located in the Orihuela Costa and situated immediately adjacent to the shopping centre, with a host of bars, shops and restaurants. Contact Inmo Investments for more information.12 0 0
Villa - Resale - La Florida
Spain - Costa Blanca South - La Florida549.900€
Extensive detached villa situated on the border of La Florida and Los Altos on the sunny Orihuela Costa . This impressive property for sale offers an outstanding 436m2 of living space and is set on a private 800m2 plot. The house itself is st over three floors that can be used together or independently, as they all have separate entrances, both the basement garage and the main house, with an internal connecting staircase that can be closed to separate them, so that can be great for a...456 800 4 4
Apartment - Resale - La Florida
Spain - Costa Blanca South - La Florida74.500€
Top floor apartment for sale located in a quiet area within walking distance to all amenities.Comprises terrace area,lounge with open plan kitchen,2 bedrooms,1 family bathroom,private roof solarium with nice views.The property needs a little tlc.Good location in La Florida.2 1