The ‘Brexit’ already passes a high bill to Spanish housing

The British remain the group of foreigners who buy the most homes in Spain, although their weight on the total has fallen by 7.5 points in 2016, to stand at 16.4% at the end of 2016, compared to 23.95% In which it was in December 2015. This is reflected in the Real Estate Registry Statistics of the Association of Property Registrars corresponding to the fourth quarter of 2016, which explains that the “decline in British demand” makes ” Of Brexit.

The registrars indicate that despite being the first nationality, in the period October-December represented 16.4% of total purchases by foreigners, and accumulated four consecutive quarters with relative weight loss. Specifically, in the fourth quarter of 2015 the result was 23.95%, in the first of 2016 of 21.91%, in the second of 19.73%, in the third of 17.66% and in the fourth The cited 16.4%.

“Brexit has undoubtedly weakened the demand of our main foreign buyer,” says the College of Registrars, which also notes that the behavior of the pound “is being noticed.” In any case, registrars stress that “other nationalities are covering that reduction.” In this way, the second position has promoted Germans, with a 9.16%, showing a “significant strength”, which is not only verified through the analysis of their relative weight in the quarters of 2016, but “comes from Long, with steady increases since 2013. ”

In addition, registrars stated that October to December 2016 was the period of the year with the highest percentage of purchases by foreigners, with 13.57% of total housing acquisitions, resulting in the third quarterly result of the historical series. In the fourth quarter of 2016, nearly 12,700 home purchases have been made to foreigners, “consolidating the strong strength of foreign demand, with double-digit rates in all quarters of the last three years”


Font: El Mundo Economía

By | 2017-06-26T17:41:22+02:00 June 26th, 2017|Economy news|Comments Off on The ‘Brexit’ already passes a high bill to Spanish housing

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