In the third quarter alone, more than 32,700 transactions were recorded, with Asturias leading the year-on-year increases.
The sale and purchase of housing by foreigners, both residents and non-residents, grew by 22.85% in the third quarter of 2022, to 32,701 operations, compared to the 26,617 registered in the same period of 2021, according to data on real estate transactions from the Ministry of Transport, Mobility and Urban Agenda.
The cumulative figure from January to September 2022 amounted to 101,460 home sales and purchases among foreigners, 44.31% more than in the first nine months of 2021.
Transactions carried out by foreign residents in Spain stood at 16,880 between July and September alone, 16.35% more than the 14,508 recorded by the Ministry in the third quarter of 2021.
Meanwhile, foreigners not resident in the country made 15,821 sales and purchases, compared to 12,109 in the third quarter of 2021, representing an increase of 30.65%.
Asturias led the increase in sales and purchases among foreigners, with a rise of 51.1% in the third quarter of 2022. In total, 266 transactions were registered, of which 214 were by foreign residents and 52 by non-resident foreigners.
The Canary Islands also attracted real estate interest from foreign buyers. Transactions grew by 48.72% compared to the third quarter of 2021, to 2,808 transactions. Of these, 1,132 were by resident foreigners and the rest by non-resident foreigners.
In third position was the Valencian Community, with a rise of 36.1% in home sales and purchases by foreigners. Moreover, in absolute terms, it was the region with the highest number of transactions, with 10,401 transactions by foreign nationals. Foreigners resident in Spain accounted for 4,264 transactions, while non-resident foreigners signed 6,137 transactions.
Despite the growth trend throughout the country, four autonomous communities showed decreases in the number of foreign home sales and purchases.
Cantabria saw a decline of 20.8%, with only 99 transactions, divided into 83 sales by resident foreigners and 16 among non-resident foreigners. In the Balearic Islands, the fall was 13.9%, with a total of 1,731 transactions in the third quarter. Of these, only 566 were by foreigners resident in Spain, while 1,165 were by non-residents in the country.
Home sales and purchases in Navarre stood at 149 transactions in the third quarter of the year, down 12.8%. In this case, 144 transactions were by foreign citizens resident in Spain and only 5 were by non-resident foreigners. In the case of Castilla-La Mancha, sales and purchases among foreigners fell by 11.12%, to 583 transactions, of which 567 were by resident foreigners and the remaining 16 by non-residents.
In addition to these four regions, the autonomous city of Melilla also recorded a contraction of 16.6% in sales and purchases by foreigners.
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