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Scandinavians Devour Spanish Property
There has been a large rise in the number of Scandinavian people buying new property in southern Spain, particularly the Costa del Sol.
One leading house builder has seen a 311% increase in Scandinavian purchasers and they now account of a fifth of all buyers. Taylor Wimpey España properties also says that 46% of Nordic buyers favoured the Costa del Sol in 2012.
One reason is that the Scandinavian countries have in weathered the financial storm better than most and more potential buyers are able to invest in property.
The firm believes that the trend seems set to continue into 2013 with January sales figures already up 300% on those for the same month in 2012 and the cumulative February sales up 500%.
‘The interest from Scandinavian markets continues to boom as buyers take advantage of favourable exchange rates and reduced Spanish house prices to purchase their dream second home abroad. Scandinavians, particularly those from Sweden and Norway, now make up over a fifth of our buyers in Spain, a huge increase on previous years,’ said Mark Pritchard, Sales and marketing director of Taylor Wimpey España.
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It’s not just Scandinavians. According to this article here on Spanish Property Insight, the Russians are also arriving in ever increasing numbers, although numbers of Germans are falling back.
Just shows that lower prices make Spain very appealing to other nations
Russians are now the second group of buyers behind the British, and ahead of the French, whilst the Norwegians and Belgians have overtaken the Germans, who have fallen into sixth place. Italian demand collapsed, reflecting economic problems at home, whilst the number of buyers from North Africa has ticked up, as the Arab Spring turns to winter.
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I seem to be surrounded by Scandinavians, but they’re not newcomers, they’ve lived here for years. I don’t find them much different from the other foreigners living in Spain, like the million British expats.
You can understand their liking for Spain, if you’ve ever travelled to Sweden or Norway in the winter, it gets unbelievably cold up there.
The ones I know are all very patriotic people, flying their country’s flags from the houses, but I suppose patriotism stops when the blood freezes and then they load up their Volvos and head south.
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I have a Swedish neighbour along the street who spends nine months of every year in Spain. He can’t sit still and has turned his house into a palace, both inside and out.
Some years ago he built himself an outside wall, a work of art with marble inlays but high enough to keep out the burglars. And then the graffiti artists arrived, it was irresistible to them.
He left it as it was for a few years, but a couple of weeks ago restored it to its former glory. The rest of us neighbours anxiously check on the wall every day, I checked it earlier this morning. I know it’s not going to survive but I’m going to enjoy it while I can.
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