Spain is more popular than ever among foreign house buyers


If you require any more reason to urgently investigate the complete range of houses, villas and apartments for sale in Sotogrande right now, it may come in the form of certain new information related to the wider Spanish property market.

The average price of housing in Spain rose by 1.8% in the last quarter of 2015. As well as this, the use of Golden Visas for luxury home purchases has attracted almost 911 million Euros of investment in the last two years.

The figures relating to national house prices come from the Spanish Government's Ministry of Public Works, which showed exactly how prices stood per square metre of housing in the country. Many regions of the country registered year-on-year growth, including the Balearic Islands, Madrid, La Rioja, Catalonia, the Canary Islands, Castilla y León and Navarra.

The second story will also be of note to those hoping to move to Sotogrande, given its demonstration of the continued popularity of the prime Spanish property market. Specifically, Russian and Chinese real estate investors accounted for more than half of the purchases that entitled buyers to a Spanish residence permit.

Golden Visas were also obtained by many investors from Ukraine, Venezuela and the Middle East, displaying the worldwide appeal that Spain continues to enjoy among affluent house hunters.

In the last quarter of 2015, when house prices steadily rose, the Spanish business and finance newspaper Cinco Días reported that foreign buyers made up 14.38% of those purchases, which is a new record.

The six European countries that most contributed towards this record, meanwhile, were the United Kingdom, France, Germany, Sweden, Belgium and Italy. This shows the extent to which foreign buyers really do power the burgeoning housing economy in Spain.

It's clear that Spain continues to be a popular destination for those from across the world who are searching for a property, as is evident from the country's rising housing costs. Property Sotogrande knows how attractive and sought-after Sotogrande particularly is, and we are perfectly placed to help you start a new life in this exclusive part of the country.

If there is anything else you would like to discuss about a prospective move to Sotogrande, please feel free to contact Property Sotogrande today.