Thirty per cent of new Spanish properties purchased by foreigners

A recent survey by Aedas Homes has highlighted a notable trend: more than a third of new dwellings are now being acquired by international investors. The 2023 edition of ‘The New Construction Home Buyer Profile’ by Aedas Homes unveiled that foreign investors are increasingly eyeing Spain as a prime location for property investment.

In fact, they now represent nearly 37 per cent of the customer base for newly constructed homes, marking an 8 per cent increase from the previous year, with over 600 of the 4,000 new properties sold being transferred to international purchasers.

Escalating international interest

“This international clientele brings added value to the Spanish housing sector,” asserts Pablo Rodriguez Losada, the Commercial and Marketing Director of Aedas Homes.

The main sources of these international buyers include Central and Western Europe, accounting for 42 per cent of the purchases, followed by Eastern Europe at 29 per cent, America at 13 per cent, British buyers at 7 per cent, Asia at 4 per cent, and the Nordic countries at 3 per cent.

Poland, the Netherlands, and Belgium top the list of countries of origin, with the United Kingdom and Germany following closely, underscoring a varied European interest in Spanish property.