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

Foreign demand (Courtesy of Spanish Property Insight)

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%.

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Laurence Dollimore

Laurence Dollimore is a Spanish-speaking, NCTJ-trained journalist with almost a decade’s worth of experience.
The London native has a BA in International Relations from the University of Leeds and and an MA in the same subject from Queen Mary University London.
He earned his gold star diploma in multimedia journalism at the prestigious News Associates in London in 2016, before immediately joining the Olive Press at their offices on the Costa del Sol.
After a five-year stint, Laurence returned to the UK to work as a senior reporter at the Mail Online, where he remained for two years before coming back to the Olive Press as Digital Editor in 2023.
He continues to work for the biggest newspapers in the UK, who hire him to investigate and report on stories in Spain.
These include the Daily Mail, Telegraph, Mail Online, Mail on Sunday and The Sun and Sun Online.
He has broken world exclusives on everything from the Madeleine McCann case to the anti-tourism movement in Tenerife.

GOT A STORY? Contact newsdesk@theolivepress.es or call +34 951 273 575 Twitter: @olivepress

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