Spanish Islands were flocked by foreign buyers - Spain Blog

Spanish Islands were flocked by foreign buyers

Spanish Islands were flocked by foreign buyers


Spanish Islands were flocked by foreign buyers

The four main Balearic Islands – Ibiza, Formentera, Mallorca and Menorca – have a character that is distinct from the Spanish mainland, and from each other.

More importantly, the region is fast becoming the number one destination in Spain for overseas visitors as well as international real estate investment.

Foreign demand for housing in Spain has been growing fast in the last years, a new high was reached in 2016 when 13.5% of homes were sold to foreigners. This is similar to the results seen in recent years (13.2% in 2015, 13% in 2014). This consolidates several consecutive years of growth, according to data released by the Association of Registrars.

By autonomous community, the islands lead the results with more foreign buyers. The Balearic Islands achieved the highest result with 32.9% of property sales being to foreign buyers, while the Canary Islands saw 30.49% sold to foreigners.
By province, Alicante topped the rankings with 43% of homes sold to foreign buyers. Following was Tenerife (40%), Malaga (34%), the Balearic Islands (32.9%) and Girona (30%). The lowest figures are seen in Lugo, Cáceres, A Coruña, Orense and Salamanca, where foreigners barely make up 1% of home sales.

Surface Area

Regarding the surface area of homes bought in 2017, buyers continue to opt-in most cases for a medium to a large property. Properties with a surface area of 40m² or under accounted for 4% of sales. Those with an area of 40-60m² accounted for 17.6% of sales. Properties with an area between 60 and 80m², accounted for 28.7% of sales. Larger properties, those above 80m², accounted for almost half of home sales reaching 49.7%.


Thanks to Andy Wynn for original text



4th Dec 2017



Selling your home is one of the most important decisions you make; your home is both a financial and emotional investment. Find out how we can help »



Our consistent efforts to offer innovative marketing combined with a high level of service have been recognised by the industry for an astounding fifth year in a row, winning Best International Real Estate Agency Marketing at the International Residential Property Awards.


Every Fine & Country agent is a highly proficient and professional independent estate agent, operating to strict codes of conduct and dedicated to you. They will assist, advise and inform you through each stage of the property transaction.


With offices in over 300 locations worldwide we combine the widespread exposure of the international marketplace with national marketing campaigns and local expertise and knowledge of carefully selected independent property professionals.


People buy as much into lifestyle of a property and its location as they do the bricks and mortar. We utilize sophisticated, intelligent and creative marketing that provides the type of information buyers would never normally see with other agents.


Access the lucrative London and international investor market from our prestigious Park Lane showrooms at 121 Park Lane, Mayfair. Our showrooms in London are amongst the very best placed in Europe, attracting clients from all over the world.

Our International Network

Connecting offices on over 300 locations worldwide, our referral system combines local knowledge and expertise with an international network to find the right buyer for you wherever they are, at the same time as finding you your ideal next move

Our International Websites

United KingdomFranceHungaryCyprusGermanySpainPortugalMauritiusHong KongThailandNamibiaNigeriaSouth AfricaAustraliaFloridaZimbabwe


We interact with customers on the main social media channels including Facebook, Twitter, YouTube, LinkedIn, Pinterest and Google+, giving each property maximum online exposure.


Media Centre

MEDIA CENTRE Our internal Media Centre is a team of experienced press relations managers and copy writers dedicated to liaising with newspapers, magazines and other media outlets to gain extensive coverage for our properties in national and local media.


Fine & Country Foreign Exchange

We have partnered with IFX, one of the world’s leading foreign exchange specialists to provide private and tailored currency services for all of our clients buying and selling luxury property around the world. Find out how we can help »