Very large housing investment in southern Spain


Nearly 19 billion euros were invested in real estate in Spain in 2017. It is 45 percent more than the year before and most invested in the country's history. This applies to land, housing, hotel buildings, shops and office buildings, etc. This demonstrates a stable market where the decline times are over and where investments do not only apply to all types of property.

The result for last year really shows a year of increased investment in Spanish property. The figures are derived from JLL, the US property consultant, showing a total investment of impressive 18 billion 989 million euros, a total of 45% more than in 2016 and the highest in Spain ever.

Hotels were purchased for over 3.8 billion euros, an increase of 75 percent from 2016. Investments in retail and warehousing increased by 31 percent. The latter market had the most investments in kroner and ear, more specifically over 3.9 billion euros.

It is seen everywhere. The cranes have returned. It is built everywhere from Benalmádena, Fuengirola, La Cala de Mijas, Calahonda, San Pedro and all the way down to Estepona and Cásares. 3,041 new homes were approved in 2016 against 2,454 compared to the previous year. This is an increase of 24 percent. After a very hard crisis, the construction industry in Spain now accounts for ten percent of the country's gross domestic product.

The Britons are still dominant among new homeowners, but the Scandinavian countries are doing well. Especially the Swedish market, where demand increased as much as the Norwegian, Danish and Finnish markets combined. Spain received 2,765 new Swedish homeowners in 2016, which accounts for 5.93 percent of total housing sales. 425 Danes came to (0.91 percent of sales) and 1,383 Norwegians bought housing in Spain (2.97 percent of the market). If we gather the three Scandinavian countries, they will be in second place after Britain. Scandinavia will be in the first place if the number of home sales is set against the population figures. In the real estate industry, it is estimated that 4,000 Swedes will buy housing in Spain in 2017.