Page 34 - Property Portfolio - November 2019

Portfolio Focus
Property

Malaga region attracts

Foreign Buyers

If you’re choosing this region to buy a property, Alicante province in the Valencia Region, where
you have great taste! In a recent article by Mark 41.81% of home sales in Q2 involved a foreign
Stücklin ‘Where do foreigners buy property in buyer. Next came Tenerife province in the Canary
Spain?’ it’s great to see our beautiful region up islands (28.91%), followed by Malaga / Costa del
in the top 5 places to buy (but we don’t want Sol (27.9%), the Balearics (27.49%), and Girona
it too popular….) and reassuring that its clearly / Costa Brava in Catalonia (26.04%). In general,
seen as a safe investment. 16,209 Spanish European buyers led by the British, including 2nd
homes were bought by foreign buyers in the home buyers and lifestyle / weather migrants buy
second quarter of 2019, but where do they on the coast and islands where provinces are
buy? This map from the Spanish Association of coloured orange and red, economic migrants
Land Registrars shows the percentage of sales from North Africa buy in the north east and cities
in each province that involved a foreign buyer. where provinces are dark yellow, and hardly
The higher the market share of foreign buyers, anybody from abroad buys in the many interior
the darker the red. The market with the highest and northern provinces coloured light yellow.
proportion of property buyers from abroad was (Source Mark Stücklin)

34 Portfolio