Spain: the number of real estate transactions by foreigners increased in the first quarter of 2022

According to the Ministry of Transport, Mobility and Urban Agenda (Mitma), the real estate sales and purchases in Spain by resident and non-resident foreign nationals grew by 171% in the first quarter of 2022. During this period, 31,711 transactions were completed. Last year, 18,521 transactions were registered during the same period.

The number of sales transactions by resident foreigners reached 16,691, which is 35.9% more than in the period between January and March 2021.

Non-resident foreigners made 15,020 transactions compared to the 6,242 recorded in the last year (an increase of 140.6%).

The highest increase in real estate sales and purchases was recorded in the following regions: the Canary Islands, Castile-La Mancha and Esremadura.

Source: Idealista