ALICANTE Province is continuing to attract the highest percentage of foreign property buyers in Spain.
International consultants Colliers say 17.6% of all foreign home buying in Spain for 2021 has been in the popular tourist region.
It makes the area the most sought-after part of the country for non-Spanish buyers for a second successive year.
Alicante Province leads in both new and second-hand purchases among foreigners.
Malaga Province comes second with an 11.4% share of the foreign market, followed by Barcelona on 8.7%.
The Canary Islands account for 7.6% of foreign buys while the Balearics stand on 6.2%
Colliers say that the busiest area for new property construction is Madrid with over 21% of Spain’s new builds.
Malaga Province comes second on 8.9%.
The consultants, who specialise in the real estate and hotel sector, commented that the first half of 2021 was the best for property sales since 2008.
“Housing transactions were 63.7% higher than in 2020 and 10.67 higher than the first half of 2019,” stated Colliers.
The significance of those figures is the rise in sales to levels above the pre-pandemic period of 2019, which back up other studies and official government statistics.
Colliers estimate an annual house price rise of up to 2% for 2021.
- A safe haven: As inflation rises and interest rates in Spain stay low, investors turn to new build property
- Balearic boost for buyers browsing online – Mallorca tops the chart in 2021 property searches
- ANALYSIS: How the pandemic practice of working from home is driving up property prices in rural Spain
- Spain property sales rocket above pre-pandemic levels
- Estate agent predicts ‘record year’ for Brits buying property on Spain’s Costa del Sol