The report on the housing market in Spain in 2021 highlights a notable growth in the purchase of properties by foreigners, reaching the third best year in the historical series with 60,973 transactions, representing an increase of 28.3% compared to the previous year. This upturn is attributed to the recovery of international mobility after the health restrictions of 2020. The autonomous communities with the highest number of sales were the Valencian Community, Andalusia and Catalonia, while in terms of share of total transactions, the Balearic Islands, the Canary Islands and the Valencian Community led the market.
Average purchase prices also reflect an upward trend, standing at €1,863/m², with a notable difference between foreign residents and non-residents. The latter group, with an average price of €2,452/m², demonstrates Spain's attractiveness as an investment destination. Furthermore, the report points out differences in demand depending on the nationality of the buyers, highlighting British, German and French among the most active.
Mortgage financing for foreigners is also showing signs of recovery, with a 19.4% increase in mortgage originations, with Catalonia and Andalusia being the regions with the highest number of mortgages granted. These figures underline the resilience of the Spanish real estate sector and its continued attractiveness to foreign demand, especially in coastal and island areas, consolidating its relevance in the country's residential market.
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