Noticias de la Cámara

Foreign non-resident demand for housing in the first half of 2016 driven by strong tourism flows and price adjustments

28/11/2016 afi_logo

Purchases of housing by non-resident foreigners rose 18% YoY in the first half of 2016 thanks to increasing inflows of tourists (12% YoY) and a greater affordability due to significant adjustments in house prices in the main destinations for foreign demand (Alicante and Málaga). Strong foreign demand for housing in these areas is leading to a revival in residential activity, despite the still significant supply overhang.

Spain is enjoying a fantastic year in tourism and tourism related activities, particularly house purchasing. Whilst foreign tourist inflows increased by 12% YoY in the first half of the year, purchases of housing by non-resident foreigners rose 18% YoY during the same period, breaking the 20,000 per half-year barrier and representing around 10% of total transactions.

The increase in foreign demand for housing is also a reflection of the sharp adjustment in prices, particularly in “prime locations” for foreign tourists, which has increased their affordability for foreign buyers.

The full report is attached and can also be downloaded here.


Socios Patrón

  • Cuatrecasas
  • Canon
  • Selier Abogados
  • Hays España
  • Santander
  • Oxford University Press
  • Diageo
  • Mondragon Corporación
  • PwC
  • HSBC Bank
  • JCB
  • Plain Concepts
  • Banco Sabadell
  • Savills
  • EAE Business School
  • Pearson
  • Gleeds Ibérica
  • Telefónica
  • AstraZeneca
  • Iberdrola
  • CFP Energy
  • GSK
  • Arriva a DB Company
  • El Corte Inglés
  • Sage
  • Mitie
  • Brico Depôt

Socios Corporativos

  • Dukes Education
  • Ayming España
  • Menzies LLP
  • Uhy Fay & Co
  • Lloyd’s Insurance Company SA, Sucursal en España
  • BDO
  • Panorama Properties
  • PKF Attest
  • Value Retail
  • CaixaBank
  • Iberia Cards
  • Thames British School
  • Haleon
  • Spectrum IFA Group
  • Schiller International University
  • Oak House School
  • David Lloyd
  • Roman
  • Baker Tilly
  • Lightsource bp
  • Flutter
  • Grant Thornton
  • Vueling Airlines
  • Firefly
  • Control Group
  • Mazars
  • CMAC Group
  • Smith & Nephew
  • Parque Tecnológico de Andalucía
  • Holiday World Resort
  • Sacyr
  • Grupo Hospitalario HLA
  • EY
  • Kreab Worldwide
  • Currencies Direct
  • Croda Ibérica
  • Segro Spain Management
  • TSL Projects Spain
  • Gamma
  • Rentokil Initial
  • Cognita Schools
  • ISP Schools
  • McArthurGlen Designer Outlet Málaga
  • British Council
  • Derby Hotels Collection
  • ACS
  • AFI, Analistas Financieros Internacionales
  • Octopus Energy
  • Indra Group
  • ERM
  • Boult Wade Tennant
  • Barrilero & Asociados
  • EGD Logistics
  • Globeducate British International School
  • Arup
  • MARCO Agency
  • Safetykleen
  • Barclays
  • Bunzl Distribution Spain
  • Colt Technology Services
  • Ferrovial
  • Araex Grands
  • Adlanter
  • PageGroup
  • Quantexa
  • Brunswick Group
  • Presstour
  • Trainline
  • Forvis Mazars
  • Brand Finance
  • IQS
  • A&O Shearman
  • Kensington School
  • Schüco
  • De Cotta McKenna y Santafé
  • Gilmar Real Estate
  • BT Global Services
  • Gómez-Acebo & Pombo
  • HM International Patient
  • Allergy Therapeutics Iberica
  • H10 Hotels
  • Cabrera Rodriguez ETL Global
  • UAL Awarding Body
  • Aon España
  • Berkeley Energía
  • Lowe Rental
  • Cubico Sustainable Investments
  • Agencia de Innovación y Desarrollo de Andalucía IDEA