Two in Ten Tourists Plan to Buy a Home in Spain in the upcoming years
Sunday, 04 December 2016 | 2 minutes reading time
A survey carried out in the principal coastal tourist destinations of Spain revealed that two in every ten foreign tourists to the country are considering the purchase of a second residence in Spain during the coming years.
It is expected that the record tourism figures registered in Spain in 2016, with an increase of 6%, will also have a beneficial economic impact on the real estate sector in the current year 2017 and next year 2018. The interest in Spanish property is led by North European and Scandinavian tourists, who are most interested in acquiring Spanish housing on the eastern coastal areas of the country such as Murcia, Valencia, Catalonia and Mallorca.
Popular areas to buy Spanish Property
According to the survey, it is no longer only the traditional cities and areas like the Costa Blanca which are the most popular choice for foreign visitors, with the holiday destinations and home searches by foreign tourists this year varying greatly, from Andalucía to Cantabria and Galicia.
The Spanish newspaper El Mundo reported that, according to the real estate franchise, home sales have grown this summer by 30%, and will continue to grow during 2018, mainly boosted by the purchases of Spanish new build property by foreign buyers.
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