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2020 Housing Market X-ray of a Pandemic Year1st July 2021
The mobility restrictions derived from the health crisis have caused a greater intensity in the decline that has been observed in recent years in the weight of foreigners in home purchases. In 2020, 11.3% of home purchases corresponded to foreigners, compared to 12.6% in 2019, reaching 47,500 operations, compared to 63,000 operations in 2019.
The autonomous communities with the highest purchase weights by foreigners coincide again with those with great tourist activity, led by the Balearic Islands, with 29.6% followed by the Valencian Community (23.3%), the Canary Islands (22.8%) and Murcia ( 18.5%)
7.0% of all home purchases made by foreigners presented an amount equal to or greater than 500,000 euros (6.1% in 2019). 34.3% of these purchases corresponded to non-EU nationalities, compared to 36.1% in 2019