Business · Companies · 11 hrs ago

Foreign home purchases in Spain fell 13% in the first half of the year

Foreign home purchases in Spain fell 13% in the first half of the year

Foreign home purchases in Spain fell 13% in the first half of the year, the largest drop since 2020.

The decline reached most regions, including popular tourist destinations, while purchases rose only in Castilla-La Mancha and Extremadura.

The Valencian Community led purchases by non-residents, with 9,250 transactions, or 40.3% of their total.

Non-resident buyers from the Netherlands accounted for the largest share of purchases by foreign non-residents, followed by Germans, Britons and Poles.

Foreign buyers paid more per square metre than Spanish buyers: non-residents paid an average of €3,493, compared with €2,102 for foreign residents and €1,971 for Spanish nationals.

Prices paid by foreign buyers rose in 15 regions, with the largest increases in Cantabria and Asturias, while prices fell in La Rioja and Navarre.

The figures cover the first half of the year; no further developments are stated.

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