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October 7, 2013

Foreign investment in Spain increased by 33 %

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Foreign investment in Spain increased by 33 %

Recently published evidence that big foreign companies are disposed to invest in property in Spain to 14,000 million euro confirmed the information obtained for 2013. In particular, the statistics showed that in the second quarter of 2013, foreign investors have spent in Spain 1,717 million euros, up 53.7 % over the previous quarter and by 32.9 % more than last year. These funds were invested in the purchase of a residential property in the territory of the Spanish State and the purchase of office buildings, hotels and shopping centers.

For every euro that Spanish citizens are investing in real estate in other countries to Spain “comes” 18.8 foreign euros.

Official data from the Central Bank of Spain confirmed that Spain is a very attractive destination for investment in the European arena. Over the past year, the inflow of foreign capital increased by 33%.

Foreign investments have always entered in Spain, but in the beginning of the economic crisis, there has been a decline in the trend. At the moment, the situation returned to normal and big international companies and private investors continue to invest in the Spanish property market heavily. The figure of 1,717 million euros enables to say that the Spanish property market has attracted enough attention of foreign investors, and the growth of foreign investment came to 32.9 % compared with 2012.

If at the beginning of 2012 there were still doubts about the feasibility of investing in Spain, now these doubts were dispelled, as evidenced by the data for the second quarter of 2013.

Also it is worth noting that the government of Spain clearly understands the great importance of foreign investment in the real estate market of the country. Therefore, in 2013 was passed a bill to the possibility of obtaining by foreign citizens the residence permits in Spain, when buying a property value of 500,000 euros. It is expected that the bill will be approved before the end of this year, thus giving additional weighty advantage in favor of the purchase of a house or apartment in Spain.

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