The sale of homes by foreigners grows 13.4%, to more than 50,000 operations

According to data from the General Council of Notaries, the operations carried out in that period, compared to 20.3% in the first half of 2016, although it has been increasing since 2007, coinciding with the start of the economic crisis.

Differentiating between resident and non-resident foreigners, 46.6% of the purchases were made by non-resident foreigners, which increased by 5.1% while resident foreign operations accounted for 53.4% the highest proportion since 2011. These grew by 21.8%.

All autonomous communities showed progress in the number of housing transactions by foreigners and only five of them registered increases below the national average (+13.4%): Balearic Islands (+10.1%) and Comunidad Valenciana (+12%).

In the first half of 2017, the sale of foreigners was concentrated in almost all the Mediterranean coast and archipelagos, with the Autonomous Communities with the greatest weight of free housing transactions carried out by foreigners Andalusia (19,4%), Murcia (26,9%), Comunidad Valenciana (35,5%), Baleares (37,7%) and Canarias (42,3%).

 

ATC0494
Ático en venta en Sants-Montjuïc

 

Prices rise by 2,9%

The average price per square meter of transactions carried out by foreign buyers stood at 1.667€, which represents an increase of 2,9% year-on-year. Specifically, the price paid by non-resident foreigners increased by 4,5% to 1.941 €/m², while the price of homes purchased by foreign residents increased by 2,8%, until 1.405€.

The average prices increase 5,1% in the national operations the first quarter, 2,8% of resident foreigners and 4,5% of non-resident foreigners, and in all three cases, there was an acceleration in the increase in relation to the second semester of 2016.

**This is a translation by Next door from the original posted in EL MUNDO in Spanish**

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