According to new data released by the Bank of Spain, in 2012 foreign investment in property increased 17%, accounting for over 5,540 Million Euros in sales and reaching its highest point since 2004.
In a nut-shell:
- Foreign property investment in 2012 was at the highest level since 2004
- In 2012, foreigners invested 5,540 Million Euros in Spanish properties, a 17% increase on 2011!
- On the Costa Blanca alone, this surge in foreign investment has led to the creation of over 2,700 jobs
As new emerging overseas markets such as Russia, China combine with more established European markets such as Belgium, Sweden and Norway, to produce an influx of new property hunters eager for a life in the sun, it’s never been a busier time for building companies in areas such as the Costa Blanca or Mallorca to accommodate this continuing demand for quality holiday homes by the sea.
You can read the original article in Spanish here.
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