Friday, November 8, 2024

Only 6% of Foreigners bought properties above €500,000 in Spain

Spain real estate market bubbled in 2018 with increasing number of HNWI foreigners buying properties in Spain. Spain attracts large number of foreigners  because of climate, high standards of living, best healthcare in the world.  Spain also has top 5 best passports in the world.

 

Foreigners buying properties in Spain increased by 12.6%, a total of 65,400 properties sold to foreigners in Spain,  according new report published by Registorades

 

Only 6% of those properties (3934) were bought by foreigners above  €500,000 euros for the year 2018.

 

Of the total foreign buyers of housing exceeding 500,000 euros, 65.11% corresponded to community and 34.89% from non-EU (Latin America, Asia etc).

 

This means 1,334 foreigners from outside-EU bought properties in Spain above 500K euros.

 

Spain property market
Property sales above 500,000 EUR in Spain – Source: Registorades.org

 

Spain offers golden visa to foreign property buyers above 500,000 euros along with their family

 

These places have higher purchase weights by foreigners, in those places  of great tourist activity

 

  • Balearic Islands (20.32%),
  • Comunidad de Madrid (8.42%),
  • Catalonia (8.33%) and
  • Andalusia (7.92%)

 

 

 

Prabhu Balakrishnan
Prabhu Balakrishnan
Founder of Citizenship by Investment News. Chief Editor with over 15 years experience in PR and News publishing. He Loves writing about citizenship, residency and wealth migration. CIP Journal is a Leading publication founded in 2017 bringing latest news from CBI/RBI market.

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