Foreign investment in Spanish real estate market for 2012 increased by 17%, reaching a record level in 2004, reports Internet portal Kyero , citing data from the Central Bank of Spain. According to the source, in this case in the domestic housing market of the country decreased activity of buyers in 2012, this trend is observed for the fifth consecutive year. In 2012, the total volume of foreign investment in the Spanish housing market amounted to 5.54 million euros. For comparison, in 2011 the total amount of purchased real estate by foreigners in Spain amounted to EUR 4.7 million, as compared to 2009 (3.6 million euros) in foreign investment growth increased by 53%. According to the publication El Mundo, despite the fact that these figures are the highest since the start of the financial crisis, foreign investment is still less than in 2003, when foreign buyers have invested in the real estate market is about 7 million euros. Experts point out that the activity of foreign investors is growing due to decline in housing prices in the country, which amounted to around 10-13% in 2012 year. HomesOverseas.ru
The interest of foreign investors in Spanish property is steadily growing
22.04.2013
Homesoverseas.ru editorial office
25
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