In November, the total amount of transactions reached € 520 million, 39% more than the previous year.
Foreigners bought homes in Spain for a total value of € 5,241 million, compared to € 4,214 million the year before. This is a 24.3% increase in one year. In the month of November, the total amount of home purchases reached € 520 million, compared to €374 million in November 2006, representing 39% more.
In this way, foreigners continue to trust the Spanish real-estate market, as this is the fourth highest level of all of 2007. The second-home market, especially on the coast, continues to be very attractive to investors outside Spain, who see the country as the ideal place to spend their golden age.
EL MUNDO February 2008
