Once again, continued interest from overseas, foreign buyers see Spanish property transactions increase year on year.

From our perspective, this is not unexpected, some of the numbers are surprising, but overall, there’s a whole host of varied, affordable, and attainable properties for sale across Spain and, in the Costa del Sol.  As a result, it’s easy to see why property transaction increase year on year.  Show me the downside to buying here in the Costa del Sol.  Try as I might, I am still looking.

In fact, according to MITMA, the Ministry of Transport, Mobility and Urban Agenda, non-resident, foreigner transactions rose 43.9% in 2022 with a total of 63.050 or 1,751 per day.   The top two regions were Valencia accounting for 23,574 up 57.39% on 2021 and Andalucia 16,063 up 33.5%.  Foreigners residing in Spain continue to buy and sell with 71,542 (196 per day) transactions in total for 2022 a not so insignificant 20.9% up on 2021.

It is clear to many why Spain remains the number one destination for holiday homes, wintertime, part-time retirement, or full time living. These latest figures confirm our long-term view.  Why suffer increased energy bills, forever long winters, short summers and wasted time planning hobbies, celebrations, or just plain day to day life around less than perfect weather?

There’s a strong argument for those of us over 50 (ahem, me for one) of why suffer in silence when you can have it all here in Spain?  Whilst Spain is a rather large entity, we know the Costa del Sol inside and out and the G-Team is here to advise and guide you from “just an idea” to the “reality of ownership” to “I live in Spain”.

Call on the G-Team for all your property needs.  We look forward to speaking with you.

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