The Canary Islands archipelago is the third region of Spain where more property sales are made by people with a nationality other than Spanish (22.7%) although it has fallen almost six points in three years, according to data from the first quarter from the College of Registrars.
Although only more operations were registered by foreigners in the Balearic Islands (28.8%), and in the Valencian Community (28.16%), the figures for the Canary Islands are reducing year by year. If in the first quarter of 2023 it reached 28.3% of operations, the following year it fell to 26% and last year it represented 24.6%.
With the latest data from the first quarter of this year (22.7%), the next region on the list, Murcia, (21.73%) is very close to surpassing the archipelago in this type of sale.
Next, Catalonia (15.37%) and Andalusia (13.24%) complete the group of communities where the foreign buyer exceeds the national average, which stands at 12.9%.
At the opposite extreme, the peninsular interior maintains a much more discreet international presence: Extremadura (2.17%), Galicia (3.02%), the Basque Country (3.51%), and Cantabria (3.97%) are the autonomous communities where the weight of foreigners is lowest, while Madrid, despite its dynamism, remains at 6.85%.
In the State as a whole, property sales fell by 0.1%, but foreign demand for housing increased both in percentage and absolute terms during the first quarter of the year. The percentage of property purchases by foreigners was 12.9%, with just under 24,800 operations. Of these, 58.3% corresponded to nationalities from the European Union and 16.8% from the rest of Europe.
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