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The Spanish property market, a terrain historically dominated by British buyers, is undergoing a momentous change. For the first time, Germany has emerged as the leader in mortgage applications for house purchases in Spain, marking a turning point in property investment trends.

This shift not only signals a new direction in foreign investor preferences, but also reflects an evolving economic and social landscape. While the UK has long been synonymous with a strong presence in Spain's property market, the recent tilt towards Germany raises interesting questions about what these moves mean for the future of the sector. Germany's economic stability and Spain's continued attractiveness as an investment destination could be key to this new development.

France has regained third place, indicating a renewed interest in the Spanish market. Although Americans do not lead in numbers, they stand out for their purchasing power. With a considerably high average income, their influence is undeniable, marking an interest from investors with high economic power.

The growing trend towards investment on the Spanish coast is notable, with areas such as the Valencian Community, Andalusia and Catalonia leading the way in mortgage applications. This interest in coastal areas reflects a classic pattern in foreign real estate investment in Spain.

From DEXTER's Risk Analysis Department, José Enrique Chasserot points out that "in the analysis of operations and financing applications we clearly see the footprint not only of the buyer but also of the foreign developer. And, without any doubt, in coastal areas, both golf and beachfront, they have a special role. This international component is what gives great commercial strength to developments, especially residential ones," concludes Chasserot.