Non-resident foreigners buying properties increased by 43.9% in 2022, to 63,050 transactions, according to provisional data from the Ministry of Transport, Mobility and Urban Agenda's (Mitma) real estate transaction statistics.
Meanwhile, property purchases between non-resident Spaniards grew by 2.21%, to 4,039 transactions. Real estate transactions between foreigners also increased more than those carried out by Spanish residents.
Property purchases by foreign residents in Spain increased by 20.85% in 2022, to 71,542 transactions, while those carried out by Spanish residents rose by 1.76%, to 577,281 transactions.
Castile-La Mancha: where property purchases by non-resident foreigners increased the most
Castile-La Mancha was the autonomous community with the highest growth in property purchases by non-resident foreigners. In total, in 2022, 181 transactions were recorded, which in comparison with the data for 2021 represents an increase of 235.18%.
The Castile-La Mancha figures are driven by the growth recorded in Toledo, of 495.65% year-on-year, rising from 23 purchases by non-resident foreigners in 2021 to 137 in 2022.
La Rioja ranked second, with an increase of 111.11% and 19 transactions by non-resident foreigners. However, in absolute numbers, the Valencian Community is in the lead with 23,574 property purchases by non-resident foreigners, 57.39% more than in 2021, and Andalusia, with 16,063 transactions, 33.5% more year-on-year.
Property purchases in the Canary Islands grew by 44.4% among resident foreigners
The Canary Islands led the growth in property purchases by foreign residents in 2022, with a year-on-year increase of 44.4%, up to 4,498 transactions. Extremadura was in second place, with a year-on-year increase of 34.74% and 23 purchases in 2022.
In addition, property purchases by foreign residents also recorded a notable rise in the autonomous city of Melilla, where 28 transactions were recorded in 2022, 40.74% more than in 2021.
In absolute terms, the autonomous community with the most property purchases by foreign residents was the Valencian Community, with 17,030 transactions in 2022, 28.76% more than in the previous year, followed by Catalonia, with 13,825 transactions or 22.17%.
