Buyer Insights

International buyer enquiries rise 25% has recorded a strong start to 2016 with a 25% year-on-year rise in sales enquiries from overseas buyers between January and March.

Our latest data shows international buyers generated over 100,000 sales enquiries in Q1 2016, confirming an upward trend reported by the Ministry of Development in Q4 2015. Growth has been strongest in the Canaries (particularly in Tenerife), while Alicante retains the crown as top spot for overseas investors, attracting over 33,000 enquiries.

Provinces showing the fastest year-on-year growth in interest from overseas buyers

Tenerife 50.7%
Lanzarote 49.3%
Tarragona 38.1%
Mallorca 35.8%
Alicante 34.6%
Fuerteventura 30.6%
Gran Canaria 29.3%
Malaga 27.4%
Murcia 26.9%
Granada 25.8%
Valencia 12.9%
Ibiza 10.0%
Cadiz 6.6%

The ongoing Brexit debate seems not to have dented British interest in Spanish property, with UK buyers generating over 62,000 sales enquiries in the first quarter – a 30% surge in interest year-on-year. Other key European nationalities showed similar trends, with the notable exception of French buyers, whose interest levels have dampened by just over 9%.

What Brexit? British buyers continue to drive overseas demand

This tops off a particularly encouraging fortnight for the Spanish property market.

The final government figures for 2015 showed green lights across the board for the property recovery, last week’s mortgage approvals data was healthy and this week’s continued drop in unemployment confirm a steady return in domestic demand. Strong interest from international buyers is the icing on the cake.

2016 has started where 2015 left off: The property recovery continues to gain strength.

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