The Spanish property recovery has been aided by an increase in demand by foreign buyers, especially among Swedish buyers who are now the fifth largest nationality of foreign buyers in Spain, according to Spanish registry data.
In the last quarter (Q4) of 2017, 13.6% of all property sales in Spain were made by non-Spaniards, the highest number for at least two years.
During 2017, Swedish nationals accounted for 6.4% of total property purchases by foreigners, compared to only 4.6% in 2012.
British buyers remained the most buoyant, accounting for 15% of foreign purchases, followed by French (8.6%) and German (7.8%) nationals.
Property purchase by Norwegian and Danish buyers are also on the rise, accounting for 2.2% and 1% of foreign sales respectively.
One of Spain’s largest home builders, Taylor Wimpey España says Swedish nationals now account for 10% of all property purchases. Marc Pritchard, sales and marketing director at Taylor Wimpey España said: “Spain’s economy is the fastest growing in the Eurozone, bringing greater confidence back to the property market and thus attracting demand from North European countries. Over the last few years, we have seen a real boost from Swedish buyers especially,” reports Mansion Global.