Alicante province, home to the Costa Blanca, was the most popular destination amongst foreign buyers in 2022 by a significant margin, and also the province with the second-highest rate of growth.
20,865 home sales in Alicante province involved a foreign buyers in 2022, the highest level in Spain, and 68% higher than 2021, reveals the 2022 market report just published by the land registrars’ association.
Foreign demand in Alicante province was 50% higher than Malaga province (13,908), the second most popular province with foreign investors, and home to the Costa del sol. The chart below shows foreign demand in 2022 in key regions and provinces of interest to foreign buyers. Click on the chart to expand it.
Alicante province attracted 23.5% of all foreign buyers in Spain last year, and Alicante and Málaga province between them accounted for just under 40% of foreign demand. If you look at just key regions of interest to second-home buyers Alicante was 25.8% of the market and Malaga 1.2% (combined total of 43%), as illustrated in the pie chart below.
In terms of growth, sales almost doubled in Valencia province (+97%) followed by Alicante province (+68%). Foreign demand increased the least in the Balearics (+22%) and Madrid (+15%).
The market share of foreign buyers was the highest last year in Alicante province (+42%) and Tenerife in the Canaries (35%) and lowest in the Madrid region (5%), excluding other areas that are not of interest to second-home buyers.