MADRID – The number of Britons buying homes in Spain has halved after Brexit from 24% to 12%. The share of UK homebuyers among all foreign buyers has fallen from 24% to 15%, according to figures from valuation firm UVE Valoraciones. However, the proportion of nationalities among foreign homebuyers has not changed much.
UK homebuyers share is within two years in Spain fell 9% from 24% to 15%. According to a study from appraisal company Catalonia is the region where the UK, along with the regions of Valencia, Murcia and Andalusia, buys the most homes. In terms of provinces, Girona, Cádiz, Málaga, Granada, Jaén, Murcia and Alicante are popular in England.
When looking at all foreign home buyers, the most popular provinces are Alicante, Santa Cruz de Tenerife (Tenerife, La Gomera, La Palma, El Hierro), Balearic Islands (Mallorca, Menorca, Ibiza, Formentera), Málaga, Seville and Las Palmas (Gran Canaria, Lanzarote, Fuerteventura, La Graciosa).
In Andalusia, the highest percentage of homebuyers was represented by the UK with 16.7%, followed by Sweden with 10.3% and Morocco with 8.9%. In the Balearic Islands, Germany was responsible for 48.5% of investment, followed by the UK with 10.7% and France with 5.71%.
In the Canary Islands, Germany represented 21.6% of home purchases by foreigners, followed by Italy with 17.2% and the UK with 13.4%. While in the Valencia region, England led with 12.4%, followed by Belgium with 8.9% and Sweden with 7.7%. In Catalonia, France bought 19.4% of Spanish homes bought by foreigners, Moroccans 7.8% and Italians 6.1%. The UK bought the most in Murcia with 25.9%, followed by Morocco with 24.7% and Belgium with 7.26%. There are no data available in this study on Dutch home buyers.
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