In the second half of 2024, citizens of the United States, Sweden and Germany paid the most for their homes in Spain, with prices exceeding 3,000 euros per square meter, according to data from notaries.
The rise in the price of housing not only affects domestic buyers, but also foreign ones. In the second half of 2024, foreigners paid an average of 2,362 euros per square meter, with some nationalities disbursing more than 3,000 euros per square meter.
Americans topped the list, paying an average of 3,390 euros per square meter. They were followed by the Swedes with 3,295 euros and the Germans with 3,224 euros per square meter. For Americans and Germans, these are the highest prices recorded in the historic series of the General Council of Notaries. In Sweden, the record was reached in the first half of the previous year, with 3,330 euros per square meter.
Other countries that also registered high prices, although below 3,000 euros per square meter, include Switzerland (2,851 euros), Norway (2,800 euros), Poland (2,757 euros), the Netherlands (2,606 euros), Russia (2,585 euros) and Belgium (2,528 euros). France, the United Kingdom, Italy and Ireland also topped the overall average.
China, Portugal and several countries in Latin America and Eastern Europe registered lower prices, with Morocco being the only country with an average price of less than 1,000 euros per square meter.
In the second half of 2024, there were 69,690 home purchases by foreigners, an increase of 10.3% year-on-year. These transactions represented 19.5% of the total market, slightly below the 2023 average.
Resident foreigners made the majority of purchases and sales (58.1%), with growth of 11.8% year-on-year. Non-residents accounted for the remaining 41.9%.
The British led purchases with 6,048 transactions, followed by Moroccans (5,060) and Germans (4,650). Romanians and Italians also stood out, with more than 4,000 transactions each.
Purchases increased significantly among Poles (43.7%), Chinese (26.5%) and Ukrainians (26.3%). In contrast, purchases by Russians, French, British and Belgians declined, reflecting a change in the composition of the foreign market.
Source: idealista.com
