International sales boom by 13.5%
Q1 2017 data reveals a strong start to the year for international sales
Newly released data from the Spanish Ministry of Development (Fomento) has shown a 13.5% year on year increase in international purchases of Spanish property. The strong sales figures are for the January to March 2017 quarter and are a good indicator for international sales for the remainder of the year.
In total, 21,096 Spanish properties were sold to international buyers during the three month period. The figures indicate that well over 80,000 homes will be sold to non-domestic buyers before the end of the year.
Regional insights revealed
The government figures separate out domestic versus international sales on a regional basis. Overall, international purchases account for nearly one in five transactions. However, that figure is significantly higher for many Spanish regions.
Alicante tops the table when it comes to the proportion of properties sold to foreigners, with 51.4% of all sales classed as international. That’s followed by 46.5% in Santa Cruz de Tenerife and 34.2% across the Balearic Islands.