44% of homes in Alicante province were purchased by foreigners

The Spanish Association of Property and Commercial Registrars reported that the province of Alicante accounted for an impressive 44.34% of total sales in the fourth quarter of 2023, the highest percentage among Spanish provinces in terms of property purchases by foreigners.

British nationals accounted for 9.80% of real estate investments in Spain. German nationals followed at 7.32%, French nationals at 6.06%, Belgian nationals at 5.57%, and Moroccan nationals at 5.50%.

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Alicante has sold a total of 48,243 properties in the past year, making it the third most active province in terms of transactions, trailing only Barcelona (58,410) and Madrid (70,235).

Author: Derek Appleton