Spanish property portal Kyero has recently grouped together ‘Europeans’ as a single entity and revealed that, when classed as a single group, Europeans account for 60% of all enquiries for Spanish property that Kyero receives, with growth reaching double-digit figures since last summer.
Taken as a whole, the portal has recorded a 25% increase in leads and enquiries year-on-year (based on data from February), but it is among Europeans that interest and sales have spiked the most.
Interestingly, enquiries about Spanish property from the British has risen by 36% since last February, but actual sales have only grown by 1.5% – an anomaly Kyero puts down to many Brits adopting a “wait and see” attitude while the issue of Brexit is resolved.
Not so the Germans, where actual sales have risen by more than 20% in the space of the past year. Despite a general election later this year, German politics has long been stable, and that is reflected in the population’s willingness to make overseas property purchases.