Over 30% of New Spanish Properties Snapped Up by International Buyers

by | 6/03/24 | Golf News, News & Views

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.

 

 

 

The price of used housing for sale rises in February.

by | 4/03/24 | Golf News, News & Views

The price of used housing for sale rises in February.

The price of used housing for sale rises in February.

The price of used housing in Spain has registered an increase of 0.4% during the month of February, standing at 2,056 euros/m2, according to the latest Idelaista real estate price index . This figure is 7.2% higher than that of the same month last year while it is 2.8% below the historical maximum price of housing in Spain, recorded in June 2007.

The supply of homes for sale has decreased by 8%

The supply of homes for sale on the market has decreased by 8% year-on-year during the fourth quarter of 2023, according to the latest Idealist study. This loss of stock has been accentuated in the final stretch of the year, with a four-point drop compared to September. Most capitals now have fewer homes for sale than there were a year ago, with Barcelona (-14%), Palma and Valencia (both with -17%) exceeding the national average, while in Malaga (-8%) , Madrid (-4%) or Seville (-2%) decreased somewhat less.

 

 

A Closer Look at Spain’s Second-Hand Housing Market Trends

by | 11/02/24 | Golf News, News & Views

Alenda Golf Property Price Rise

In January, the Spanish second-hand housing market witnessed a modest increase in prices, marking a 0.6% rise from December.

However, the year-on-year analysis presents a more significant growth of 7.5%, setting the average price at €2,215 per square metre, as reported by the Fotocasa Real Estate Index. This annual growth rate represents a slight deceleration compared to January 2023’s increase of 9%.

Key Highlights:

  • Modest Monthly Increase: January saw a 0.6% price increase compared to December.
  • Annual Growth Rate: A 7.5% year-on-year increase, albeit lower than the 9% growth recorded in January 2023.
  • Local Variances: A detailed look at 655 municipalities revealed:
  • Prices rose in 84% of municipalities on a year-on-year basis.
  • In 53 municipalities, prices surged by more than 20%, with 8 witnessing growth above 40%. Notably, Torre-Pacheco saw a remarkable 57.3% increase, followed by San Miguel de Salinas at 50.2%.
  • Provincial Perspectives: Among the 50 provinces analysed, 88% experienced a year-on-year price rise in January. Alicante and Murcia stood out with increases of 12.6% and 11.1%, respectively.

The mixed picture of Spain’s second-hand housing market underscores the nuanced nature of regional market dynamics.

While the overall trend indicates growth, the variance at local and provincial levels highlights areas of significant investment potential.

Want to know more about investing at Alenda Golf then contact us at info@alendagolfproperty.com or call + 34 649 649 018

 

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