Foreign property buyers set a new record in 2018 with more buyers snapping up Spanish property than any other time since the financial crash.
A total of 65,295 properties were sold to non-Spaniards last year, representing a rise of 11% compared with the previous year, according to the first annual report by the Spanish Registrars Association.
To put that figure in perspective, a total of 65,368 properties were sold to foreigners at the height of the 2007 housing boom, compared to just under 18,000 units two years later.
The Brits topped the foreign buyers market accounting for 10,722 property transactions during 2018 – making up 15% of the market share. Germany fell from second position – only accounting for 7.7% of foreign purchases – overtaken by Scandinavian buyers (9.5%). French and Belgian buyers accounted for 7.3% and 6.6% respectively.
Considering Spain was voted the best country in the world to live in, according to the Human Life Indicator (HLI) by the World Economic Forum, it comes as no surprise that foreigners are choosing Spanish property as a second home or as a retirement option.<< Spanish Property Prices 6.8% Higher in January