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Saturday, 28 November 2020

Spain: Decreased purchase of houses by non-Spaniards


According to figures provided by Spanish notaries, the number of houses purchased by non-Spaniards in the first half of 2020 decreased by 32.395% compared with the same period last year, a decrease of 37.4%, which is the lowest level in six months since 2013, while that of British buyers decreased 41.1%, to 3917 people. 


As a result, for the first time since 2009, British nationals did not represent the group with the most nationalities and were replaced by the comprehensive category of "other countries outside the EU".

From January to June, foreign buyers accounted for 17.3% of all purchases, which is roughly in line with recent reports, but the decline in the UK's figures means that Britons only accounted for 2.1% of total purchases. 


At the same time, the areas where foreign purchases have fallen the most are usually coastal areas, with Comunidad Valenciana falling 42.2%, Canaries falling 42%, Murcia falling more than 35%, Catalan and Balearicians. 




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