Of the big three foreign markets for property in Spain – the UK, Germany and France – the French are holding up the best this year (declining the least).
4,926 Spanish property sales involved a French buyer in the first half of the year, down 13pc from last year’s exceptional boom and all-time high in French (and foreign demand), a smaller decline than the UK (-17pc) and Germany (-27pc), all according to the latest data from the notaries’ association.
It was the second-best first-half on record, as illustrated by the next chart.
Despite holding up better than the UK and Germany, French buyers lost a fraction of overall market share, slipping from 7.7pc last year to 7.2pc this year, once again performing better than the UK and Germany, which both lost more market share than France in the first half.
Though the notaries don’t publish data showing French demand by region, data from the Land Registrars’ association shows that around 43pc of French buyers head for Catalonia (just across the border with France), 29pc buy in the Valencian region, and 13pc in Andalusia.
You can explore the French market for property in Spain in much more depth in the Data Hub.