British people's decrease acquisition of houses in Spain

British people's decrease acquisition of houses in Spain

Of that percentage, 19% corresponds to the British peoples, although their presence has fallen in 6 points since the last quarter of 2015 due to the exit of the United Kingdom of the European Union (Brexit), according to figures from the Real Estate Yearbook 2016 of the College of Registrars.

However, this nationality continues to bear the greatest weight on these operations and the fall of 6 points has been offset in the total of the foreign demand by the increase of the purchases by French or Belgian investors.

Beatriz Corredor Sierra, director of institutional relations and socialist ex minister, detailed during the presentation of the report that "the foreign demand has been maintaining a good behavior in recent years, reaching a maximum historical weight in 2016, consolidating a 'remarkable strength' "According to the Europa Press news agency.

The study indicates that the Spanish made 86.75% of all operations. Thus, total transactions, both domestic and foreign, rose 14%, registering 403 743 operations.

Housing prices reported an increase of 5.7% (6.6% in 2016). In the last three years, the value of housing has rebounded 13.3% from the lows of 2013. Despite this increase, they are still 25% below the highs recorded in the housing boom.

In autonomous communities, foreigners lead the purchase of housing in the islands, so that they buy a third of the homes in the Balearic and Canary Islands. On the contrary, Galicia and Extremadura are the communities that are less inclined by foreigners.

The Spaniards chose Galicia, Asturias and Extremadura as the main communities where to carry out their trading operations, unlike the Balearic Islands, the Canaries and the Valencian Community which are the communities with the least transactions of Spanish registered in 2016.

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