According to the Consejo General del Notariado, the association of Spanish notaries, 15,422 Spanish houses were sold to foreigners in the first trimester of 2014, which is an increase of 27.2% in comparison to the same period the year before. In the first quarter of 2014 81,358 properties were sold in the whole of Spain.
It is mainly the coastal areas where the greater part of the sales took place and where the increase is therefore most visible. Cataluña is the absolute champion with a growth of 41.1%. In Andalucía an increase of 32.5% was seen. In Alicante and Valencia the sale of houses rose by 21.4% and in Murcia a growth of 19.6% was registered. The different nationalities of these new foreign owners are another interesting point. The top of the list is once again dominated by the British (13.8%), followed by the French (10.5%), the Russians (8.4%), the Germans (7.5%) and the Belgians (6.9%). The Belgians remain in 5th place with a total of 1,058 houses bought.
If this trend continues, the 2013 record number of Spanish houses bought by Belgian people – 3,804 to be precise – will definitely be broken. If we compare the number of purchases with the number of residents, then Belgium wins with flying colours. On average foreigners spend 1,588 euros/m², which is 1.3% more than the year before. 186,000 euros is spent on newly-built houses and 149,000 euros on existing properties. Villas of more than 500,000 euros are mainly bought by the local Spanish people.
Source: Azull Benelux, Marleen De Vijt