Portuguese purchasers increasingly acquiring homes in Spain
Takeaways from Spain's Second-Half Real Estate Boom ✨
Wow, the Spanish property market is definitely heating up! Fresh stats from the General Council of Notaries of Spain uncovered some astonishing numbers for the second half of 2024 📈.
Close to 70,000 homes found new owners, representing a whopping 10.3% increase compared to the same timeframe in 2023. Residents referred to Spain as their home accounted for 40,000 of these sales 🏡, climbing by an impressive 11.8% year-over-year. Meanwhile, non-residents got in on 29,000 transactions, an noteworthy 8.2% boost
The news from Spain's second-half real estate boom extended beyond its borders, attracting foreign investors, particularly those from Portugal, who made 29,000 transactions, reflecting an 8.2% increase. One might find interests in investing in Spain's finance sector, given the positive growth in the housing market. Additionally, the surge in home sales, notably in home-and-garden segment, raises questions regarding potential lifestyle changes and real-estate trends that could influence the market in the coming years.
