Foreign investors are returning to the Spanish Property Market After COVID-19
Which resorts are the most popular this summer?
The аctivity of foreign buyers in Spanish property market is gradually recovering and is approaching the "pre-COVID" figurеs. Thus, as stated by Idealista, in the second quarter of 2021, 11.3% of all property sales in Spain involved foreign investors.
Most of the sale contracts included buyers from Germany, France and the UK. Germans prefer Valencia and the two Spanish archipelagos: the Balearic and Canary Islands, the French choose neighbouring Catalonia, and the British opt for Andalusia and the Costa Blanca. Next up are investors from the US, Italy and Switzerland.
Foreign buyers pay attention to the Mediterranean coast of Spain to buy a holiday home, especially in the eastern, the warmest part of the Iberian Peninsula. Below are the most popular cities where foreigners buy property in 2021 in the demanded coastal regions and provinces, moving from north to south:
- Girona: Castell Playa de Aro (€2968/m²), Begur (€2864/m²)
- Barcelona: Barcelona (€3987/m²), Montgat (€3050/m²), Sitges (€3782/m²)
- Valencia: Alboraya (€2234/m²), Gandia (€1046/m²), Valencia (€1830/m²)
- Alicante: Alicante (€1468/m²), Torrevieja (€1432/m²), Benidorm (€2114/m²)
- Murcia: La Manga (€1528/m²), Aguilas (€1059/m²), Cartagena (€1142/m²)
- Andalucía: Almería (€1164/m²), Málaga (€2136/m²), Estepona (€2379/m²), Sotogrande (€2386/m²).
- Balearic Islands: Andratx (€5177/m²), San Jose (4881/m²), Ibiza (4829/m²)
- Canary Islands: Mogán (€3032/m²), Adeje (€2623/m²), Las Palmas de Gran Canaria (€2017/m²).
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