Apartments for Sale in Los Balcones Torrevieja

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Foreigners living in Spain invested 19% more in housing in 2016

The Valencian Community, with a total investment figure of 1,926.7 million euros, was the region of Spain that captured a greater amount of foreign real estate investment.

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.

Greater investment in resale properties.

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.

Increased investment by non-resident foreigners.

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%.

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