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Foreign Investors Increasing Appetite for Spanish Property

13.4% of all house sales in Spain in Q2 were to foreign buyers. This is up 29.1% on the same time last year. So it seems that in spite of the Brexit result and despite the fact that Spain currently has no government, foreign investors are gaining momentum in the property market in Spain.

Spanish Home Sales up 12.2%

The increasing number of foreign buyers has contributed to the boosted sales figures for the year July 2013 to June 2014. The Ministry of Public Works figures show that of the total, 16.4% of sales were to foreign residents and the number of purchases by non-Spanish citizens rose for the 12th consecutive quarter.

Good News for Property Purchasers in Spain!

The 12 month EURIBOR, which is the base rate most commonly used to calculate mortgage repayments in Spain, fell to an all-time low of 0.362% in September. This was a 33% drop compared to the same time last year, and the largest monthly decline of the year.

April Figures

It´s good news for the Spanish property market! Figures for April show that it is pulling out of its seven year downward spiral. The latest monthly home sales figures published by the General Council of Notaries show home sales rose by 11% in April while house prices rose just under 1%. According to the Notaries, this is the fourth month in a row that Spanish home sales have increased. Spanish house prices were also up for the second consecutive month after years of declining prices.

What people say about us

  • “ We bought a new-build villa in Costa Blanca and the process took over a year. The Finance Bureau were with us throughout this process answering questions and guiding us until we reached completion. I wouldn’t hesitate to recommend their services to anyone. ”
    Helen Davidson
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  • “ The level of service provided by The Finance Bureau was impeccable and their professionalism as well as their extensive knowledge of the market is what made up our mind when selecting our mortgage broker. ”
    Mark Johnson
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  • “ We were fortunate to have been introduced to Mr. Tancrede during the purchase of our villa in Marbella. He was extremely helpful and diligent in assisting us in securing our mortgage. We have since established a lasting friendship and would recommend his professional and reliable services as a finance broker to anyone looking to purchase property. ”
    Luke Pierson
    customer
  • “ The Finance Bureau has been instrumental in building my property portfolio and I have drawn extensively on their knowledge of the property market in Southern Spain and their variety of banking contacts. ”
    Bridget Lombe
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