Some 69,412 homes were acquired by foreigners in Spain during the first half of 2024, representing an increase of 1.8% compared to the same period last year. By nationality, Moroccans come first with 5,452 homes purchased during the period, or nearly 7.9% of the total transactions carried out by foreigners. Since 2016, Moroccans have been second, just behind the British with 8.4%, and ahead of Germany, third with 6.8%.
Followed by the Italians with 4,332 transactions at the end of June, the Poles (3,105) and the Ukrainians (2,058) whose volume increased by 70% in two years, coinciding with the outbreak of war with Russia. The Americans (1,363), the Irish (1,186), the Colombians (1,073) and the Portuguese (921) close the list. Since 2016, nationals of Ireland, Italy, Poland, Portugal and Ukraine in Europe, or the United States and Colombia in North and South America, or Morocco in Africa, have broken sales records.
To read: Moroccans favor Spanish real estate
According to notary data, sales by foreigners increased by 28.5% compared to 2023 for Poles, 20.8% for Ukrainians, 19.8% for Colombians, 12.7%. for Americans, 12.4% for Irish, 11.7% for Chinese and 11.3% for Moroccans. On the other hand, sales fell among Russians (-24.2%), Norwegians (-17%), French (-15.5%), Bulgarians (-10.8%), Belgians (- 8.8%), the Germans (-8%), the Venezuelans (-8%) and the British (-7.1%).
Regarding prices per m², the lowest were paid by Moroccans (738 euros), Romanians (1,158 euros) and Bulgarians (1,281 euros). As for the highest, they were paid by the Swedes (3,330 euros), the Americans (3,247 euros/m²), the Germans (3,114 euros), the Norwegians (2,969 euros) and the Swiss (2,966 euros ). The average prices (2,249 euros) were paid by Russians, Poles, Irish, French, Dutch, Belgians, Italians and British.
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