Study: Where are the foreigners who invest the most in housing in

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The attractions that Spain has are innumerable. That is why many of the foreigners who visit our country end up settling here even if it is only for a season. It is for this reason that Spain is one of the countries in Europe where foreigners invest the most in housing.

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These non-residents who are going to sell a house or rent an apartment mostly correspond to a specific nationality. Furthermore, they agree that many of them decide on the same autonomous community in which to establish their new residence. Would you like to know where the foreigners who invest the most in housing in Spain come from and where in Spain they do it? In our study you will find the answer along with other very interesting data about the real estate panorama in 2022.

Investments in housing by foreigners are concentrated in the Balearic Islands
According to data from Registrars of Spain in the study that we indicated previously, the Chinese Overseas America Number Data favorite autonomous community for foreigners to invest in housing is the Balearic Islands. 34.3% of them chose it as a place to carry out a real estate transaction. The Balearic Islands are followed by the Canary Islands (23.6%), the Valencian Community (19.7%), Murcia (17.4%), Andalusia (11.4%) and Catalonia (11%) as communities where the most foreigners carry out purchases and sales. of houses.

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Where do the foreigners who invest the most in housing in Spain come from?
Traditionally, the buying and selling of property carried out by foreigners had been led by the British. But, according to the third quarter of Registry Statistics prepared by Registrars of Spain, in 2021 the purchase of real estate in Spain by foreigners was mostly carried out by Germans .

This has been largely due to Brexit, which has caused the purchase of goods from the United Kingdom to drop to 9.9%, registering historic lows. The operations closed by them in 2010 represented 35% of home purchases in Spain by foreigners.

In this way, in general terms, if we add foreign and national operations, the sale and purchase of real estate increased in the last quarter of 2021 in our country by 12.4% compared to the previous quarter of the same year, according to Registrars of Spain.

Used housing is preferred by national and foreign buyers with 124,722 sales, which represented an increase of 12.5% . For its part, only 29,433 new home transactions were registered. Even so, 2021 has been a positive year for the real estate sector, since a total of 534,386 real estate transactions were carried out. Which led to an increase of 26.2% in the last year of.

The foreign sales forecast 2022
After the favorable results experienced in 2021 in the real estate and financial sectors with the increase in mortgage loan concessions, we face the already new 2022 with a question: Will 2022 be a good year to invest in housing?



Having just started the year, experts are very cautious when making a forecast regarding the activity of the real estate market. If we take into account the previous data, it is most likely that a trend like last year will continue. Although, in this case, without experiencing such high increases in the closings of real estate transactions. This will be due to the new policies that will come into force during 2022. These will be both in terms of buying and selling and in terms of renting properties.

Thus, with regard to the purchase and sale of homes, increases in some taxes will be a key factor in this activity. The Inheritance and Donation Tax or the estate tax will affect the sale in a less favorable way. The entry into force of the new cadastral reference value and the modification of Capital Gains will also have a negative impact on sales figures in Spain.

For its part, in the rental market, policies related to the Housing Law and initiatives such as the young rental bonus provide for an improvement in supply, demand and price. It is important to remember that the objective of these new rental regulations is to improve their situation in large cities (the so-called stressed areas) and for this improvement to spread to areas of the rest of the country.