British and Irish main drive behind surge in property investment in Spain

THE Brits and Irish have been the main drive behind a surge in foreign investment in Spanish property.

According to the latest report from the Association of Spanish Land Registrars, foreign demand increased by 11% to 17,338 sales in the second quarter of this year compared to last.

And despite Brexit, the British were still the biggest group of foreign buyers, making up 15% of the foreign market.

It is still almost double the size of the next biggest group – the French.

The Brits are also growing faster than the next two biggest markets, with the French demand taking an 8% dip.

And it it is the Irish who have returned with a vengeance, with demand from the Emerald Isle booming by 47%.