Los Montesinos Property for Sale
Foreigners who live in Spain invested 19% more in housing in 2016
The Valencian Community, with a total investment figure of 1,926.7 million euros, was the region of Spain that captured a greater amount of foreign real estate investment.
The investment foreign citizens living in Spain in housing increased during the first nine months of 2016 19%, according to data from the Ministry of Development. Specifically, these transactions amounted to 8,445.9 million euros, compared to the 7,098.9 million euros reached in 2015.
More investment in second hand housing.
Of this total, up to 7,524.7 million euros went to second-hand housing, while 921.1 million euros were invested to buy new housing. By regions, the Valencian Community was the one that monopolized a greater amount of investment, with 1,926.7 million euros, ahead of Andalusia and Catalonia.
By provinces, at the head of this investment was located Alicante and Malaga, with 1,653.6 and 1,510 million euros, respectively.
More investment made by non-resident foreigners.
Differentiating between resident and non-resident foreigners, 51.7% of the sale and purchase transactions were carried out by non-resident foreigners. Even so, the purchase and sale of free housing by resident foreigners increased by 19%, a rate higher than that experienced by non-resident foreign buyers, which stood at 8.4%.
Petra Hönig offers you in Los Montesinos property for sale.
Take a few moments to browse through our unique catalogue of properties, where you will find the latest and finest selection of properties in and around Los Montesinos, Torrevieja, Quesada, Villamartin, Orihuela Costa and Guardamar.
Our experienced multi-lingual staff based in our Quesada head office and Villamartin offices on the Costa Blanca will be able to help you with every aspect of your Spanish property purchase.
In Petra Honig, from your first contact with us we will endeavour to identify your requirements and provide you with relevant options that fall within your budget and will help you find the best value for your money that is currently available when buying a Spanish property. We specialise in both Resale and Brand new homes, to suit all budgets, both on the coast of the Costa Blanca and further in land.