"The average price per square metre of real estate has reached the highest level since records have been kept".
Foreigners are buying more homes than ever in Spain and at the highest price in history. The headline is devastating but simply reflects the reality. In the last 12 months, nationalities such as the Dutch, the Ukrainian or the American have gained prominence in the market and are taking a share of the cake after the pandemic.
The average price per square metre of real estate has reached the highest level since records have been kept. In the luxury sector, foreign demand has even outpaced domestic demand. The British, Germans and French have remained the buyers of reference, although other nationalities, such as Norwegian, continue to grow at a strong pace. The aforementioned transactions accounted for 20.3% of the total number of transactions registered in Spain as a whole, showing a clear and consolidated trend.
DEXTER The majority of its mortgage operations are in the real estate and residential sector, and a considerable percentage in the luxury sector, both in primary residences in large cities and in coastal urbanisations, mainly in the Mediterranean and, within those kilometres of beaches, in Andalusia.
"Developers and builders are benefiting, month after month, from the advantages of alternative financing: proximity, speed, agility, transparency... the efficiency that they are not finding today in traditional banking, we are offering to entrepreneurs through financial management and intermediation with private capital. And, of course, in many cases, these urbanisations are developed with such a profile that it is predetermined that more than 50% of the properties will be bought by foreigners. And so it is".Guillermo Díaz, Commercial Director of DEXTER.
