Alicante, the foreigners’ county

2018 has become a year of record numbers in the sale of homes by no Spanish people. It is the second year in a row have exceeded 65,500 transactions, according to the report of the Registrars. With respect to the total of the transactions carried out in Spain, this last year closed more than 500,000 transactions and the price increased by 8.2%

 

One of the areas that does not stop growing in operations with foreigners is Alicante, which has remained above 40% of transactions for years, specifically 41.28% in the last quarter of 2018. Close by is Santa Cruz de Tenerife (34.5%), and the Balearic Islands (34%), and with levels above 20% we have Malaga, Girona and Murcia.

 

We cannot deny that the Spanish coast attracts a lot of attention from the EU buyer, attracted by our beaches and sun. On data, the transactions carried out by foreigners is 12.6% of the total sales. Although the absolute figures have increased, the investment in this sector has come down, since this percentage is the lowest since 2013.

 

Brexit immunity

 

In spite of the uncertainty that has been generated by the lack of agreement between the United Kingdom and the European Union, the British continue to lead when it comes to investing in housing in our country. In fact, they represent 15.3% of purchases made by foreigners in Spain, followed by Germans (7.4%), French (7.4%), Belgians (6.3%), Swedes (5), 9%), Romanians (5.5%) and Italians (5.4%).

 

More information: Idealista