The Valencian Community, with a total investment figure of 1,926.7 million euros, was the region of Spain that captured a greater amount of foreign real estate investment.
The investment in properties by foreign citizens living in Spain increased during the first nine months of 2016, by 19%, according to data from the Ministry of Public Works. Specifically, these transactions amounted to 8,445.9 million euros, compared to the 7,098.9 million euros reached in 2015.
Of this total, up to 7,524.7 million euros went to resale properties, while 921.1 million euros were invested to buy new build. By regions, the Valencian Community was the one that monopolized a greater amount of investment, with 1,926.7 million euros, ahead of Andalusia and Catalonia.
By provinces, at the head of this investment was located Alicante and Malaga, with 1,653.6 and 1,510 million euros, respectively.
Differentiating between resident and non-resident foreigners, 51.7% of the sale and purchase transactions were carried out by non-resident foreigners. Even so, the purchase and sale of free housing by resident foreigners increased by 19%, a rate higher than that experienced by non-resident foreign buyers, which stood at 8.4%.
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