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Foreigners Accounted for 16% of House Purchases in Q3 2022, the Highest Figure For 10 Years

A study by pisos.com indicates that the percentage of operations involving foreigners during 2022 increased gradually as the year progressed.

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During a year in which several new real estate records were set in Spain, outperforming even the years before the previous crisis, 15.9% of house sales carried out in Spain during the third quarter of 2022 involved foreign buyers, according to data published by pisos.com reflecting the latest report from the College of Property Registrars.

After two years of uncertainty in the real estate market due to the Covid health crisis, this is the highest figure for ten years and shows the strong recovery of the sector, according to Ep. The percentage of foreign buyers in Spain is clearly following a growing trend, exceeding the 14.6% registered in the previous quarter.

Read the full article in Spanish.

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