PROPERTY THE S P E C I A L
PROPERTY PULL-OUT
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SUNNY SALES THE property market in Spain shows no signs of slowing down. And it’s easy to see why. Spain is a beautiful country, full of culture and a relaxed way of life. Tourists are drawn to its beaches, rich history, and stunning architecture. But it’s not just holidaymakers who benefit. Buying property in Spain offers both locals and foreigners a chance to enjoy the Spanish lifestyle. With its world-class food, incredible landscapes, and cultural significance, Spain is perfect for those seeking adventure and unique experiences. Whether you’re buying a summer home or planning to live there permanently,
owning property in Spain promises joy and excitement. Foreign property purchases in Spain increased by 1.8 per cent in the first half of the year, following two previous periods of decline. Foreign buyers made up over 20 per cent of all property sales, with British, Moroccan, and German buyers leading the way. According to the General Council of Notaries, foreigners completed 69,412 property transactions in the first six months of the year, marking a recovery after a 10 per cent drop in late 2023. Sales to foreign buyers represented 20.4 per cent of the total, slightly be-
low the 2023 average of 21.1 per cent. Of these foreign transactions, resident foreigners made up 58.2 per cent, a 4.2 per cent increase from last year, while non-resident foreigners accounted for 41.8 per cent, showing a 1.4 per cent decline. Foreign buyers paid an average of €2,249 per square metre, up 7.4 per cent from the same period in 2023. Non-resident foreigners paid the highest prices (€2,895/m²), more than resident foreigners (€1,734/m²) and national buyers (€1,659/m²). Prices for non-resident foreigners rose by 11.4 per cent, while resident
foreigners saw a 3.4 per cent increase. National buyers experienced a 5.3 per cent rise. Price increases were highest in Cantabria, the Balearic Islands, La Rioja, and Andalucia. The most expensive properties were bought by Swedes, Americans, Germans, Norwegians, and Swiss, while Moroccans, Romanians, and Bulgarians paid the least. Foreign property sales increased in 14 regions but fell in the Canary Islands, Balearic Islands, and Andalucia. The largest increases were seen in La Rioja, Extremadura, Castile and Leon, Asturias, and the Basque Country.