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SPANISH PROPERTY MARKET
  • A study by BBVA one of Spain’s biggest banks shows that about 150,000 properties are bought by foreign residents is Spain each year.
  • The housing market is double in regards of sales what it was ten years ago.
  • More and more tourists are purchasing second or permanent homes in Spain and the number of immigrants living and buying property in Spain is on the rise.

  • Most of the properties bought by foreign residents from other European Member estates are located along the Mediterranean coast or just a little ways inland.
  • The local Spanish market is strong due to the strong Spanish economy and more Spaniards are buying their homes now.
  • Low Interest rates offered to both residents and non residents have made buying property in Spain very attractive.
  • The government is limiting planning permissions and restricting new constructions especially along the coastlines.
  • The Royal Institution of Chartered Surveyors (RICS) report indicates the Spanish property market is in good condition.
  • Strong population demographics showing an increase of population of both Spaniards and non Spaniards in the coastal areas has raised demand for housing.
  • The disappearance of borders among European Union Estates and cheap and easy travel has made Spain one of the most attractive places to live for citizens of the European Union.