New Build Property for Sale Orihuela Costa, Costa Blanca
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1 in 5 properties sold in Spain were bought by foreigners in 2015
Foreigners bought 69,196 homes in Spain during 2015, up 13%, which became one in five (18%) that were bought and sold in the country last year, according to the Ministry of Promotion.
The buying of houses by foreign citizens grew well above the average increase of 9.8% that the housing market recorded last year. Of the total housing transactions completed by foreigners, those who have no residence in the country were made for 4,846 properties in Spain, 10.1% higher than a year earlier.
For this part, foreigners who do have residence in Spain acquired 64,350 homes last year, resulting in an increase of 13.3% over the previous year.
Foreign citizens and resales boosted the housing market during the past year, linked to its second consecutive year of growth and reaching its highest level since 2010, with a total of 382,691 homes sold freehold.
Valencia, the region where most foreigners buy.
By region, Valencia leads the communities in which foreigners bought more apartments last year, with a total of 20,219 units, of which 1,665 were purchased by nonresidents.
Golf Sun Spanish Properties, new build property for sale in all areas of Orihuela Costa.
If you are looking for newly built homes on the Costa Blanca and the Costa Calida, you are in the right place. Golf Sun Spanish Properties works with the best urban developers to offer the best villas, apartments, townhouses and bungalows in the region.
Contact us today, tell us what you're looking for and we can get to work to find housing that meets your needs.