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The purchase of homes in Spain by foreigners grew by 22.85% in the third quarter


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The purchase and sale of housing by foreigners, both residents and non-residents, grew by 22.85% in the third quarter of 2022, to 32,701 deals, compared to 26,617 registered in the same period in 2021, according to real estate transaction data from the Ministry of Transport, Mobility and Urban Agenda.

 

The accumulated from January to September 2022 amounted to 101,460 home sales among foreigners, 44.31% more than in the first nine months of 2021.

 

Deals carried out by foreigners residing in Spain stood at 16,880, between July and September alone, 16.35% more than the 14,508 recorded by the ministry in the third quarter of 2021.

 

For their part, non-resident foreigners made 15,821 sales, compared to 12,109 in the third quarter of 2021, which represents an increase of 30.65%, according to Europa Press.

 

Asturias led the increase in sales among foreigners, with an increase of 51.1% in the third quarter of 2022. In total, 266 transactions were recorded, of which 214 were from resident foreigners and 52 were made by non-resident foreigners.

 

The Canary Islands also attracted the real estate interest of foreign buyers. Transactions grew by 48.82% compared to the third quarter of 2021, to 2,808 operations. Of those, 1,132 were resident foreigners and the rest were non-resident foreigners.

 

The Valencian Community was in third place, with an increase of 36.1% in the purchase and sale of homes by foreigners. In addition, in absolute terms, it was the community that recorded the most operations, with 10,401 transactions of foreign citizens. Foreigners residing in Spain led 4,264 operations, while non-resident foreigners signed 6,137 deals.

Despite the growth trend throughout the country, four autonomous communities showed decreases in the numbers of buying and selling homes by foreigners.

 

Cantabria had a decline of 20.8%, with only 99 operations, divided into 83 sales by resident foreigners and 16 among non-resident foreigners.

 

In the Balearic Islands, the fall was 13.9%, with a total of 1,731 operations in the third quarter. Of these, only 566 were foreigners residing in Spain, while 1,165 were non-residents in the country.

 

Home sales in Navarre stood at 149 operations in the third quarter of the year, 12.8% less. In this case, 144 transactions were from foreign citizens residing in Spain and only 5 were from non-resident foreigners.

 

In the case of Castilla-La Mancha, purchases between foreigners reduced by 11.12%, to 583 operations, of which 567 were from resident foreigners and the remaining 16 of non-residents.

 

In addition to these four communities, the autonomous city of Melilla also recorded an increase of home purchases by foreigners by 16.6%.

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