Where do foreigners buy a house in Spain? The Germans end British hegemony in the 'brick'

• MARÍA HERNÁNDEZ |

  GABRIELA GALARZA (GRAPHICS)

  Madrid

Updated Thursday, 11November2021-02: 06

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Only Brexit could end decades of British hegemony in the

Spanish

.

It happened in the third quarter of this year, when Germans outnumbered citizens from the United Kingdom for the first time when it came to

somewhere in our country.

German buyers represented 10.4% of buyers between June and September 2021, compared to 9.9% of British buyers.

since the College of Registrars compiled the statistics on it.

Experts point to one main motive:

.

"It has been noticed that as a result of Brexit, the British are not buying as much. Before they spent longer periods in Spain and that boosted demand, but now their stays are limited to a month at most and it shows in the market", explains

, spokesperson for the National Federation of Real Estate Associations (FAI) in the Valencian Community.

For now it is only a

quarterly

, but the year-on-year balance of purchases and sales is also beginning to guide that trend, since while German transactions rise, British transactions fall.

Sun and light

The Valencian coast is still one of the preferred points for the British to buy a house in Spain, along with Andalusia and the Canary Islands, but in real estate offices and in daily activity it is noted that its demand is now lower.

Failing that, the number of

has risen

"Especially after the confinements", adds José Costa, "since they come looking for the climate and more spacious and luminous places to live for long periods".

Up to six months may be the norm, especially now that telecommuting allows them to work remotely.

Most are looking for second homes and apartments located near the sea, with prices ranging

.

"There is a lot of demand in areas of the

", details the expert.

The recovery is general in regard to home purchases by foreigners.

In the third quarter it has once again exceeded 10%, reaching 10.77%, after two quarters below this amount.

After the Germans and the British are the French (7.82%), Moroccans (6.54%), Belgians (5.62%) and Romanians (5.30%).

In absolute terms, the number of registered purchases amounts to 1,681 in the case of Germans;

1,595, the British;

1,262, the French;

1,055, the Moroccans;

906, the Belgians and 855, the Romanians.

All nationalities, except Moroccans, have increased the number of purchases compared to the previous quarter, noting the improvement in results as a consequence of the recovery of geographical mobility.

Where do they buy?

In the global calculation, the

, with 34.34% of the operations.

They are followed by the

(23.63%), the

(19.68%), the Region of

(17.44%),

(11.36%) and

(11.03%).

By provinces, the Balearic Islands also lead with 34.34%, followed by Alicante (33.48%), Santa Cruz de Tenerife (27.57%), Malaga (26.53%), Girona (20.51%), Las Palmas (19.59%), Murcia (17.44%), Almería (12.57%), Tarragona (11.66%) and Castellón (10.24%).

However, each nationality has its favorite place and the Germans give a good account of the Balearic dominance.

The islands are its main purchasing territory, followed by the Valencian coast, the Canary Islands and Andalusia.

The

also choose the Mediterranean coast and the rest of Andalusia when purchasing a home, while the

make clear his preference for Catalonia, Valencia and, unlike other nationalities, Madrid.

The

are also seduced by the sun and the beach and repeated its commitment to Valencia, ahead of Andalusia, Catalonia, Murcia and the Canary Islands.

Only in the preferences of buyers

is there a greater

and a greater distribution when geographically locating their purchases in different communities of the country, including several in the interior such as Castilla-La Mancha, Castilla y León or Murcia.

"The turning point of the third quarter results allows us to be optimistic about the evolution of this variable. As international geographic mobility recovers and the level of confidence regarding the control of the health situation, demand foreign will continue to grow, helping to maintain high levels of real estate activity in the residential area ", they explain from the College of Registrars.

According to the criteria of The Trust Project

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