- Russian and Scandinavian buyers account for 45% of sales on Costa del Sol so far in 2013 (Taylor Wimpey España)
- International property investment in Spain grew 17% in 2012 (Bank of Spain)
- 13% of all outbound trips in Europe made to Spain in 2011 (Eurostat)
New figures have revealed that despite the tough economic climate, Spain remains the EU’s top holiday destination. Eurostat, the Statistical Office of the European Union, found that in 2011 13% of all outbound trips within Europe where made to Spain with Italy and France coming in joint second place. These figures do not include holidaymakers outside of the EU however and total visitor numbers are likely to be much higher.
With almost 10% of the nation’s GDP deriving from tourism, this news will no doubt be welcomed by Spaniards. Furthermore with buoyant tourism sectors often driving local property markets, it’s no wonder that ever more foreign nationals are looking to purchase Spanish property. According to statistics from the Bank of Spain international property investment in Spain grew by 17% to more than 5,445 million euros in 2012.
Marc Pritchard, Sales and Marketing Manager for leading Spanish house builder Taylor Wimpey España comments,
“For us, Russians take the top spot of biggest property purchasers followed closely by Scandinavian buyers. Russian interest in particular has increased dramatically over the last year. On the Costa del Sol alone, 45% of the total sales this year have been from both Scandinavian and Russian buyers.”
“Marbella in particular is one of the most popular places for foreign nationals to buy property in Spain. Here at Taylor Wimpey España we have experienced a 300% year-on-year increase in sales in the area, proving that demand for Spanish real estate shows little sign of abating anytime soon, with non-residents of the country increasing their market share for six consecutive quarters now.”