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Overseas buyers in Spain hit record numbers

After overseas property buyer numbers hit an all-time high in 2021 I thought things might slow down a bit. I thought the numbers for the 1st half of 2022 would be good but I certainly wasn’t expecting the stats for 2022 so far to be this good. Now I’m predicting 2022 will be another record breaker.

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Overseas buyers in 2021

With the release of the notaries’ statistics for overseas property buyers in 2021 we see how strongly this very important sector of Spain’s property market performed. In spite of Covid-19, overseas buyer numbers rose to an all-time high following a surge of buyers in the second half of the year.

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Property Purchase Tax in Andalucía

Smart move Andalucía. Property purchase taxes in Spain are high & Andalucía temporarily reduced its ITP to 7% as a short term post-Covid market boost. Now the reduction has been made permanent. No more sliding scale with 10% high, a flat rate 7% gives competitive edge.

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