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News
The price of homes purchased by foreigners in Spain has reached a new high, according to the latest data from notaries.
“
22
ABR
The price of homes purchased by foreigners in Spain has reached a new high, according to the latest data from notaries.
The price of homes purchased by foreigners in Spain has reached a new high, according to the latest data from notaries. In the second half of the year, the average price was €2,362 per square meter, 8.6% more than in the same period in 2023. This figure was the highest in the entire historical record. The main contributor to the record was transactions with non-residents, who paid more than €3,000/m² for the first time. The average price among them was €3,063, while residents paid an average of €1,795/m² and Spanish citizens €1,713/m². These last two figures did not exceed previous records.
The highest prices per square meter were paid by buyers from the US (€3,390), Sweden (€3,295), and Germany (€3,224). Citizens of Switzerland, Norway, Poland, the Netherlands, and Russia also paid above average. The lowest prices were seen among buyers from Romania (€1,205/m²) and Morocco (€753/m²).
British buyers remain the leader.
The largest number of home purchases in the second half of last year were made by citizens of the United Kingdom: 6,048 transactions (8.7% of the total). Moroccans and Germans followed. More than 4,000 transactions were also concluded between Romanians and Italians. Compared to the previous year, purchases increased especially among Poles, Chinese, and Ukrainians, but also among the Dutch and Colombians. On the other hand, the number of transactions involving Russians, French, British, and Belgians has decreased. Notaries point out that these changes indicate a restructuring of foreign demand for Spanish real estate.
The highest prices per square meter were paid by buyers from the US (€3,390), Sweden (€3,295), and Germany (€3,224). Citizens of Switzerland, Norway, Poland, the Netherlands, and Russia also paid above average. The lowest prices were seen among buyers from Romania (€1,205/m²) and Morocco (€753/m²).
British buyers remain the leader.
The largest number of home purchases in the second half of last year were made by citizens of the United Kingdom: 6,048 transactions (8.7% of the total). Moroccans and Germans followed. More than 4,000 transactions were also concluded between Romanians and Italians. Compared to the previous year, purchases increased especially among Poles, Chinese, and Ukrainians, but also among the Dutch and Colombians. On the other hand, the number of transactions involving Russians, French, British, and Belgians has decreased. Notaries point out that these changes indicate a restructuring of foreign demand for Spanish real estate.
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