Another fact to take into account is the top destination for investing in our country. For the first time in a long time, inner region of Spain has taken the lead in attracting foreign capital. The most striking case is that of La Rioja, which has seen residential investment by foreigners soar by 74.8%. The Autonomous Community of Navarre (43.8%) and Castile and León (39%) also saw international investment grow with special intensity. On the contrary, the regions that experienced lower growth were some of the most popular tourist regions, such as Andalusia (5.4%) and the Balearic Islands (5.3%).
With regard to prices per square metre, these increased by 2.9% in the first half of the year. It is, however, worth clarifying that prices of holiday homes had a greater increase (4.5%) than in permanent or main residences (2.9%). However, there were also regions that totally escaped the general trend and even registered a fall in foreign investment. Interestingly, the communities with worse records are also located in the inner peninsula. The most negative data belongs to Extremadura, where foreign investment has fallen by 25.4% compared to the previous year. Having said that, the result is quite frankly positive.
The figures that we are left with this year seem to indicate a clearly upward trend in the real estate sector. In fact, if we take a look at the significant gap with respect to the data prior to the last major crisis, the growth margin presented by Spain's real estate market is still outstanding.