Re: Re: Foreign investment in Spanish property creeps up

#103672
Anonymous
Inactive

@Fuengi wrote:

interesting tidbits:

During the second quarter of 2012 the foreign market accounted for 9502 Spanish property purchases, which represents a 12 percent increase compared to the same period in 2011.

For location of housing, most purchases made in the second quarter were in Andalusia (1676), Valencia (3114), Catalonia (1615) and the Canaries(1173)

by province: Alicante with 2,645 sales, followed by Malaga (1127), Barcelona (847), Tenerife (655), Balearic Islands (536), Las Palmas (518) and Madrid (522)

I am surprised the huge differential between Valencia and Andalusia.

In the boom was it more equal ? Fuengi and do you think that its more non british northern Europeans buying on the Costa Blanca because its a shorter drive.
I think many Germans preferred Barcelona and Valencia.

It seems that the increase over 2011 is driven by non brits buying.