The second quarter of 2017 was record-breaking in terms of foreigners buying property in Spain. In Murcia, specifically, the number of non-Spaniards purchasing real estate was the highest since the third quarter of 2008 – totaling a quarter of all property sales.
Who are these foreigners snapping up an increasing amount of properties for sale in Spain? According to second quarter data, the top three groups of foreign buyers hail from the UK, France and Germany – making up 17.7, 8.9, and 7.3 percent of sales, respectively. Buyers from Sweden, Belgium, Italy and Romania are also buying property in Spain at impressive rates.
Now we know the top non-Spaniard buyers in Murcia, but what influences them to look here in the first place? If you asked anyone who lives in the Costa Calida, one of the top answers might be the climate – sunny, dry and comfortable most days … Read More
Spain is a major powerhouse throughout the world when it comes to Sports. Football is most likely the first sport that comes to mind when you think of sport in Spain, as two of them most dominant teams in the world, FC Barcelona and Real Madrid FC are of course Spanish. Other sports where the Spanish excel include basketball, golf, motorcycling, cycling, tennis, and Formula One.
However, you don’t have to be as accomplished as Rafa Nadal or Marc Márquez to enjoy the sporty lifestyle Spain has to offer. One of the most compelling reasons why the British move to Spain is unsurprisingly for the weather, and this naturally leads to spending much more time outdoors than most people are accustomed to in rainy and dreary Britain. As a result, even those who have never partaken in any type of sporting activity find themselves becoming more active when they move … Read More
Residential property in Spain is about 10% more expensive than a year ago, but that’s not stopping buyers from snapping up homes.
In fact, sales are expected to increase by 7% in 2017, according to BBVA.
What’s creating the demand for Spain real estate, and is now the right time for you to make an investment?
As Economy Improves, So Does Spain’s Real Estate Market
Even though prices are predicted to show a 5% increase this year, the interest rates are at an all-time low, making it an attractive time to buy property in Spain. Foreign buyers from the UK, Germany, Belgium, France and other northern European countries are taking advantage of the circumstances while they can, creating demand and driving prices up even further.
In addition, unemployment in Spain is down and households have more disposable income available to buy a home. BBVA expects the number of … Read More