Foreign real estate investment in Spain rises significantly

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  • Foreigners have invested 1.720 million euros in Spanish in real estate assets during the second quarter of 2013
  • There are 19 euros coming in from foreign investors for every euro going out
  • The purchase of a home’s worth more than 500,000 euros gives the right to residence permit
  • Demand from abroad is vital to the sanitation of the real estate sector and its recovery.

Doubts and uncertainty about the solvency of Spain and the risk of a possible rescue caused a slowdown in foreign investment in real estate during the first half of 2012. With the arrival of expectations and the fall of housing prices by 40%, foreigners have returned to invest,  by closing the year 2012 with an increase of 17% The year 2013 did not started too well, during the first quarter of the year registered a sharp decline in the closing of 2012, probably the great idea of the Government to eliminate tax subsidies and the VAT increase had much to do. In terms of annual rate, the fall was the 3.2% In the second quarter of 2013, the investment attitude of foreigners has changed, improvements of our macro-economic data and the prospect of a possible growth of our economy on the horizon, have been the best shock to allow foreigners to trust in our housing market, achieving an increase of 54% from the first quarter of 2013 with a positive year rate of 33%. The Government has very clear that one of the ways out of the crisis is the recovery of foreign investment, which will help the sanitation and the recovery of the sector, in this line, the Government has included in the law on Entrepreneurs the possibility that foreigners who invest in a house, an amount exceeding the 500,000 euros, could acquire the residence in Spain. It seems that we are leaving behind doubts about our solvency that led to a dramatic fall in confidence and therefore the collapse of foreign investment in Spain. The interest of the Spanish real estate sector seems to recover and now we have strong positive variations that make us to be very optimistic. If you want to receive in your email the articles that I’m publishing you can subscribe to my blog and receive as a gift of welcome our handy Home Simulator of Prices in Barcelona Your single e-mail address will be used to send you the upgrade of the blog.

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