20 August 2019
The profile of foreign home buyers in Spain is changing as traditional European countries are now accounting for a diminishing percentage, according to a report by the Spanish College of Registrars.
Between January and March, foreign buyers acquired more than 16,000 homes in Spain, approximately 12% of all operations. The British accounted for 13.79% of the total, down from a high of from 37% in 2008. The French also fell from 10% in 2014 to 7.5% in the first quarter of this year. Germans fell to 6.89%, and the Italians dropped to 4.91% from 5.77% in 2017.
Moroccans are now the fourth most active buyers (6.14%), while Romanians are the fifth (6.12%), followed by the Belgians (5.41%), Italians (4.91%) and the Chinese (4.49%).
Original Story: Idealista – Ana P. Alarcos
Adaptation/Translation: Richard D. K. Turner