In recent weeks, coinciding with the publication of various data on the sector, Spain's real estate market has been subject to multiple assessments in the media. All the sources agree that the growth of the sector is gradually bringing it closer to the figures existing in 2007, before the start of the Great Recession, in cities such as Madrid and Barcelona. The increasing weight of international investors on the national real estate market has also attracted attention. This is not a new trend as it has been with us for several years, so its consolidation is beyond doubt.
According to the data provided by the Ministry of Public Works, foreign investors whose habitual residence is in Spain contributed to 10,084.6 million euros in real estate transactions between January and September 2017. The figure is certainly remarkable and even more so when considering that it is 19.7% above the figure registered in the same period of 2016. At that time, transactions of this type totaled 8,423.5 million euros, which already represented a record-breaking number. Surprisingly, between January and September 2016, foreign investment also grew 19% compared to the previous year. In other words, the accumulated rebound between the last two years is close to 40%.