The Marina Alta leads the
sale of homes to foreigners
During 2017, the sale of homes to
foreigners reached record figures
in Spain, and a report by “Home
Spain” predicts that this upward
trend will continue during this
2018.
Non-resident foreign citizens
boughtmore than 61,000 homes
in 2017, 7,000 more than in 2016,
especially in the coastal provinces
and the islands. In the Valencian
Community, the sale to foreigners
last year reached 25% of real estate
transactions. Alicante remains
the preferred province for the
European market, with 40% of its
sales to foreigners. Dénia, Xàbia,
Orba, Moraira and Benissa top the
list. “the most common buyers are
the British, Dutch, Germans or
middle-class Belgians, between
50 and 65 years of age and retired
or close to retirement, in search
of their second home.”
The average investment of the
foreign buyer in this area ranges
between 200,000 and 400,000
euros, and the housing types in
most demand according to Home
Spain are villas with 3 bedrooms,
two bathrooms and swimming
pool, or townhouses in complex
with communal pool. From:[la
Marina Plaza].
Another article in Sunday’s
Las Provincias describes how
properties in Valencia’s run down
district of el Cabañal are being
snapped up by foreign buyers
wanting to invest for places to let
or summer retreats.
At the same time in the UK
press the Sunday Times Culture
supplement
describes
how
“secondary” Spanish cities are
turning into opportunities for
property investment - deciding
factors being airport access.