There has actually been a substantial surge in the number of Britons snapping up properties in Spain, formal figures show.
According to the current data produced by the Ministry of Development, 9,502 Spanish properties were purchased by foreigners, consisting of Britons, during the 2nd quarter (Q2) of this year, exemplifying a 12 % boost compared to the equivalent quarter in 2011 when 9,502 housing deals to overseas nations was tape-recorded. The information for Q2 2012 also exemplifies the highest figure seen given that 2008 when foreign deals reached 11,130.
Alicante continues to be the most preferred location to purchase residential property in Spain as far as foreigners are concerned, with 2,645 deals recorded in the area in Q2 2012. This was followed by Malaga; 1,127 transactions, Barcelona; 847 transactions, Tenerife; 655 deals, and the Balearic Islands; 536 transactions.
Good news for stock shifting, and keenly priced properties from the Spanish banks.
Conrad A. Bedford