The sale of properties to foreigners has been growing for 21 consecutive months.

According to the Ministry of Infrastructure, the transactions carried out by foreigners residing in Spain have grown for the seventh consecutive quarter (21 months). In particular, 5% over the first quarter of 2012, with 8457 purchases.

The total percentage of purchases carried out by foreigners residing in Spain reached 15,5%, the highest rate in history.

The percentage of purchases carried out by non-resident foreigners reached 792, which means in increase of 40% over the same period last year, although it is not a very significant figure. Meanwhile, the purchases of properties collapsed in the first quarter (54.512 transactions, a decrease of 21,5%).

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