According to a survey by the National Federation of Real Estate Agents’ Associations (FAI), 10.2% of home buyers in Spain buy for investment purposes. The number of such investors has risen significantly compared with 2021, and the increase was especially noticeable among foreigners, who account for 68.5%.
77.3% of buyers plan to use the apartment or house as their main home, and 12.5% as a second home. Families with children account for 41.7% of purchases, followed by couples without children (36.6%) and single people (18.7%).
Among buyers of their first home, 63.6% already owned a property and made the new purchase in order to move, while 16.8% went from being tenants to homeowners in this way. 41.8% used a combination of personal savings and a mortgage, 25.2% chose a mortgage only, 16.8% paid for the purchase directly out of personal savings, and 5.2% used personal savings, a mortgage and loans from relatives.
The average price of a home was €168,522, and the whole process took 2-4 months on average. 37.4% of buyers spent between €100,000 and €150,000, 19.8% chose homes costing €150,000 to €200,000, and 18.8% spent between €200,000 and €300,000.
48.1% of buyers of residential property in Spain are aged 40 to 50, followed by the 30-40 age group (40.9%). Spaniards made 65.9% of purchases, but when it comes to second homes, foreigners are the main buyer profile, accounting for more than 80% of purchases.
