According to the Ministry of Transport, Mobility and Urban Agenda, foreigners bought 101,460 homes in Spain in the first nine months of 2022, 44% more than in the same period of the previous year. In the third quarter the figure was 32,701, up 22.85% on a year earlier, with residents and non-residents showing roughly equal activity on the local market: 16,880 and 15,821 homes respectively.
The largest year-on-year increase in sales (51.1%) was in Asturias, followed by the Canary Islands (48.72%) and the Valencian Community (36.1%). The latter leads in the number of home purchases by foreign nationals, at 10,401, of which 6,137 were made by non-residents.
Home sales to foreigners continue to grow almost everywhere in the country, except in four autonomous communities. Falls were recorded in Cantabria (-20.8%), the Balearic Islands (-13.9%), Navarre (-12.8%) and Castilla-La Mancha (-11.12%), as well as in the autonomous city of Melilla (-16.6%).
