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The investment foreign citizens living in Spain in housing increased during the first nine months of 2016 19%, according to data from the Ministry of Development. Specifically, these transactions amounted to 8,445.9 million euros, compared to the 7,098.9 million euros reached in 2015.
Of this total, up to 7,524.7 million euros went to second-hand housing, while 921.1 million euros were invested to buy new housing. By regions, the Valencian Community was the one that monopolized a greater amount of investment, with 1,926.7 million euros, ahead of Andalusia and Catalonia.
By provinces, at the head of this investment was located Alicante and Malaga, with 1,653.6 and 1,510 million euros, respectively.
Differentiating between resident and nonresident foreigners, 51.7% of the sale and purchase transactions were carried out by nonresident foreigners. Even so, the purchase and sale of free housing by resident foreigners increased by 19%, a rate higher than that experienced by non-resident foreign buyers, which stood at 8.4%.
E-Style Spain is the real estate with which you must speak if you are in search of the property of your dreams in Spain. We put at your disposal exclusive properties in some of the most desired areas along the Costa Blanca. Whether you are interested in buying a first or second home, our agents will provide you with a list of the best properties such as chalets, apartments, bungalows or townhouses, among many others.
Our agents have such experience and preparation that makes us proud to be able to fully understand the needs of our customers. We offer you an indisputable quality service, and all the advice from start to finish, taking care of you and guiding you through the whole process.
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