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According to the latest provisional data from the Ministry of Transport, Mobility and Urban Agenda (Mitma), real estate transactions involving foreign buyers increased at a greater rate than those carried out by Spaniards, reaching a total of 134,592 (a rise of 30.6%) by the end of 2022.
Property transactions by foreigners living in Spain increased by 20.85% in 2022, to 71,542 transactions, whilst year-on-year data showed that property transactions by non-resident foreigners – people buying second homes in Spain - increased by 43.9%, to 63,050 transactions.
Over the same period, real estate transactions carried out by Spanish nationals living in Spain rose by 1.76%, to 577,281 transactions, whilst sales and purchases by Spaniards not currently resident in the country grew by 2.21%, to 4,039 transactions.
Region by region the Valencian Community still dominates, in terms of both resident and non-resident foreigners undertaking real estate transactions.
The Mediterranean region saw the highest number of real estate transactions carried out by foreign residents in 2022, with 17,030 transactions - 28.76% more than in the previous year - followed by Catalonia, with 13,825 - 22.17% more than in the previous year.
It also saw the highest number of real estate transactions by non-resident foreigners, with 23,574 transactions in total - 57.39% more than in 2021. In second place was Andalusia, with 16,063 transactions by non-resident foreigners, 33.5% more year-on-year.
The Canary Islands led the growth in property sales and purchases by foreign residents in 2022, with a year-on-year increase of 44.4%, up to 4,498 transactions.
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