Home sales to foreigners surpass pre-crisis level

Foreigners bought nearly 40% of all homes sold in the province last year

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Foreign buyers purchased 10,145 homes in Málaga province last year Photo: O. McIntyre

By Oliver McIntyre

Foreign buyers purchased a total of 10,145 homes in Málaga province last year, surpassing the pre-crisis level of 9,595 in 2007, according to data from the Public Works Ministry

Nearly 40% of the 24,766 homes sold in the province in 2015 were bought by foreigners, a slightly higher percentage than the previous year. However, foreigners’ weight in the market is much higher now than before the property crash; in 2007 foreigners purchased around a quarter of all homes sold.

Most of the foreign buyers were already resident in Spain, totalling 8,337 compared to 1,288 non-residents.

In both cases, the figures were up by between 10% and 11% from 2014, showing somewhat higher growth than overall home sales in the province, which were up 7.9%. Nationally, total home sales were up by 9.8% last year to 401,281.

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