24 Dec, 2011 @ 11:47
1 min read

Spanish properties sold to foreigners increase by 24.7%

PROPERTY sales to foreigners in Spain experienced an increase of 24.7% in the third quarter of 2011 compared to the same period last year, according to statistics from the Ministry of Public Transactions.

The provinces with the greatest number of property purchases by foreigners were Alicante (2097), Malaga (951), Barcelona (607), Balearics (516) and Santa Cruz in Tenerife (476).

The hunger for Spanish property looks set to continue with tax breaks and low interest rates on savings accounts among the factors encouraging buyers to hunt down bargains.

Marc Pritchard Sales and Marketing Director of Taylor Wimpey España, comments: “The increase in property sales to foreigners in the last quarter of 2011 shows that many buyers have been discerning enough to strike while the iron is hot and purchase properties that are well priced and in excellent locations.”

“It is looking likely that prices in Spain will begin to increase by the end of 2011 with places like Tenerife and Malaga seeing property values improve signaling good news for the Spanish real estate market next year,” he added.

Karl Smallman

DO YOU HAVE NEWS FOR US at Spain’s most popular English newspaper - the Olive Press? Contact us now via email: [email protected] or call 951 273 575. To contact the newsdesk out of regular office hours please call +34 665 798 618.


  1. What a joke this article is – sales increased by 24.7% – from what base is this – zero.

    Property prices to rise with 1.3 million properties still unsold?

    These real estate jokers as least make us laugh but not that much.

  2. From what I’ve read, it’s true about the rise in foreign investment. But when you couple this with the huge drop in domestic purchases, you get a more realistic view of the market.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Previous Story

Marijuana find

Next Story

Rajoy’s deputy dubbed ‘the most powerful woman in Spain’

Latest from Property

Go toTop

More From The Olive Press