Property News

More luxury buyers

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LATEST figures show that luxury real estate sales to foreigners – classified as properties costing more than half a million euros – have increased by 40% in the Valencian Community. Although the region sells more houses to foreigners than anywhere else in the country, they have only a small share of the luxury market. These accounted for 2.18% of total sales as opposed to the Balearic Islands where 20% of properties sold to non-Spaniards went for over €500,000.  However, despite not being a great player in the luxury sector, the Valencian Community still accounts for about a third of all sales made to foreigners.

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