New figures show that the number of properties sold in Spain during the first three months of this year rose by 4.4 per cent compared to the same period of 2014.
According to official statistics released by Spain’s Ministry of Development yesterday, a total of 85,133 homes were sold in the first three months of this year, while in the twelve months to the end of March 2015, some 369,238 homes were sold – a 12.2 per cent increase over the same period a year earlier.
The figures show that almost 14,000 of the properties sold in the first three months of this year were bought by foreigners living in Spain, while nearly 1,000 further purchases were made by overseas buyers who live outside of the country.
Alicante was the most popular destination for foreign buyers, with 3,272 homes in the province being snapped up by non-Spaniards, followed by Málaga (1,752), Barcelona (1,167), Tenerife (1,068) and Madrid (964).
The number of foreigners – both resident and non-resident – who bought a home in Spain in the first quarter of this year was up by 17.7 per cent on a year ago. Meanwhile, the number of Spanish buyers also increased, marking the 15th consecutive quarter of positive domestic sales.
Source: Halo Financial