Despite a year rife with anti-tourism demonstrations across Spain and post-Brexit challenges for UK hopefuls seeking the expat life, Spaniards in the southern coast are still witnessing British enthusiasm for their properties. Surprisingly, even amid such difficulties caused by Brexit and an anti-tourist backlash this summer, foreign acquisitions of Spanish real estate dipped only marginally by 0.1 per cent in the second quarter of 2024 when compared to the same period the previous year, according to fresh insights from Spain's Association of Registrars.
In sheer numbers, overseas buyers composed 14.8 per cent of all property purchases, a slight decrease from 14.9 per cent in 2023.
The Brits remained at the front of the queue, making up 8.4 per cent of international sales — they outpaced every other nationality, including Germans at seven percent and Moroccans at 6.1 per cent.
Have you moved to Spain and seen negativity from the locals? Email us at [email protected] Still, its worth noting that the volume of Britons snapping up Spanish homes has dwindled compared to ten years back, reports the Express . Back in 2014, UK nationals accounted for 15.
77 per cent of property sales indicating a roughly 50 per cent drop over the decade. Ferran Font, the face of housing portal Pisos.com, highlighted in the local media that "comparing the data for 2024 with that of 2014, we see that the trend that remains is of British residents being the main interested parties.
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