Scandinavians Flock to Spanish Real Estate

Did you know that Swedes are now the fifth biggest foreign buyers in the country!

Second-home buyers are the main factors that help the Spanish property market recover, including a growing number of Scandinavian buyers.

Swedish nationals made up the fifth largest of foreign buyers in Spain in 2017, accounting for 6.4% out of all foreign purchases, according to government statistics that were released this year. In the fourth quarter of 2017, foreigners made up 13.6% of all Spanish property transactions—the highest percentage in at least two years

Swedes have increased their activity in Spain considerably over the past five years. In 2012, they accounted for 4.6% of foreign buyers, according to data from the Spanish registrars.

Norwegians and Danes are also increasing their Spanish property purchases. Norwegians made up 2.2% of foreign sales in 2017, while Danes accounted for 1% of sales, according to the annual data from the Spanish registrars.