British buyers are the leading international investors in Spanish residential real estate, but who are they, exactly? A new study by broker Tranio.com aimed to find out. The analysis, as reported by Overseas Property Professional, found that buyers from the United Kingdom account for around 30% of the all foreign property purchases in Spain, far ahead of the second-place finishers France and Russia, each responsible for about 10% of sales. But who is the typical British buyer in Spain? Overseas Property Professional: Tranio says typical British buyers in Spain are men and women aged 45–64 who purchase houses and apartments of at least 100 square metres. The average buying price is €200,000 and the property is usually located in resort towns by the sea. Among top UK buyer trends are: - Most buyers are men and women reaching retirement or pre-retirement age (45-64 years old) - They use property for personal use, not investment - Over 75% of transactions made without a mortgage - The most popular destinations: Andalusia, Valencia and the Canary Islands - The most popular location: seaside property - There is interest in new and secondary housing markets - Equal interest is shown in houses and apartments - The average property size is over 100 square metres - The average selling price is higher than that paid by any other foreign citizens.
The publication also notes British buyers strong appetite for Spain’s high-end home market: “According to Spanish Property Insight, 90% of housing priced above €1million is purchased by foreigners, with traditionally many British citizens among them.” [Overseas Property Professional]View full listing (pictured top)