Thursday, 31 July 2014

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Super Rich Foreigners soar by 21% in demand for homes over 500,000 euros

The demand for housing over half a million euros, from which granted Spanish citizenship if foreign buyers increased by 21% in the last three months , according fotocasa.es . The search for these homes are especially located in Madrid, Catalonia, Andalusia, the Balearic Islands, the Basque Country and Valencia. These areas coincide with the preferred regions of foreigners to settle. Given the realized purchases, foreigners purchased a flat in 2013 spent on average 381,860 euros . The more money spent on the purchase of property were Russians (678,424 euros), followed by Germans (338,716 euros), Belgians (346,728 euros), English (190,633 euros) and French (171,644 euros). On the other hand, the area claimed by foreigners investing in Spain is the coast of Alicante, which arouses interest especially the British and the Russians.

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