News: 55,000 Foreign House Buyers

The past week has continued with good news for the real estate industry as the registrars are releasing information from the first quarter of the year. The national newspaper, El Mundo reports that of registered sales, over 13% had a foreign buyer, totaling over 55 000 transactions.

The biggest buyer group are still the Brittish, with 14,5% of all the sales. Following are the French, Germans, Belgians, Swedes, and the Italians, who all combined account for about half of the total sales.

The same report also tells that the popularity of fixed rate mortgages is rising sharply, now 39% of new loans. In other words, there are signs that housebuyers are losing confidence in the story of the eternally low interest-rates.

In other news, the Spain's National Institue of Statistics reports that the proportion of new houses sold is still increasing. In March over 18% of the transactions recorded involved a new house.