The Most In-Demand Coastal Neighbourhoods in Spain Among Foreign Buyers

June 17, 2024

The Most In-Demand Coastal Neighbourhoods in Spain Among Foreign Buyers

The Mediterranean coast and Spanish archipelagos are hotspots for foreign property buyers. According to Idealista, over 100 districts and neighbourhoods see more than 50% of interest coming from abroad. We’re going to be taking a detailed look at the most popular areas and the nationalities most interested in them.

Top Coastal Areas for Foreign Buyers

In Roses, Girona, neighbourhoods such as Port Esportiu. Puig Rom and Canyelles are highly popular, with French buyers making up 72% of the demand. Calpe, in Alicante, particularly the Maryvilla district, sees major interest from Dutch buyers, also at 72%. In Andratx, Balearic Islands, areas like Es Camp de Mar and Port d'Andratx attract significant foreign interest, with Germans dominating demand at over 66%. Torrevieja in Alicante is favoured by Swedes, especially in the Frutales area, with Swedish interest peaking at 65%.

Recent Trends in Foreign Property Purchases

From 2021 to 2023, foreign home purchases in Spain saw a significant rise, with foreigners making 15% of total home purchases in 2023, up from 13.8% in 2022. The first quarter of 2024 continues this trend, with foreign demand at 14.2%.

The Property Registrars report that in recent years, the Mediterranean arc and the Balearic and Canary Islands have consistently attracted foreign buyers, with the percentage of transactions involving foreigners significantly exceeding national averages. This consistent demand underscores the appeal of Spain’s coastal and island regions, known for their sun, sea, and relaxed lifestyle.

Popular Locations by Province

In Alicante province, areas like Moraira and Orihuela (Playa Flamenca and La Zenia) are highly popular, with foreign interest ranging from 64% to 65%. The province has 30 high-demand locations overall. 

The Balearic Islands feature areas such as Cala Ratjada, Canyamel, and Cala d'Or, with significant foreign interest. Santa Cruz de Tenerife has 23 high-demand locations, including Playa de Fañabé and La Caleta in Adeje. Girona, with popular spots like Santa Margarida and Empuriabrava.  

In Málaga province, Nerja’s districts such as Burriana and Nueva Nerja, each have 12 high-demand locations. Finally, there is Las Palmas, including areas like Taurito-Playa de Mogán and Playa del Inglés, which also has 12 high-demand locations.

Leading Nationalities

Germans now top the list of buyers, especially in the Balearic and Canary Islands, followed by Swedes and the Dutch. The British, while still major home buyers in Spain, surprisingly do not lead in demand in the highest-interest locations. Other significant nationalities include French buyers in Girona and Italians in the Canary Islands.

This shift in demand highlights the growing diversity among foreign buyers in Spain. The Germans, in particular, have shown a strong preference for the Balearic Islands, while the Dutch and Swedes favour Alicante and Málaga. This diversification is beneficial for the Spanish property market, ensuring steady demand across various regions and mitigating the risk associated with reliance on a single nationality.

Navigating Non-Resident Property Taxes with IberianTax

As the popularity of Spanish properties among foreign buyers continues to rise, navigating the complexities of purchasing property and managing tax obligations in Spain can be challenging for non-residents. This is where IberianTax comes in!

IberianTax offers an online platform that allows you to file your taxes conveniently anytime, anywhere. Our services start from just €34.95, providing an affordable and user-friendly solution that’s fully approved by the Spanish tax authorities. Whether you're dealing with Imputed Income, Rental Income, or Capital Gains Taxes, IberianTax simplifies the process, ensuring compliance while saving you time and stress.

One of the key advantages of using IberianTax is the ability to file your tax returns online in minutes. Our platform is designed to be intuitive and easy to use, even for those who have never filed a tax return before. This ease of use is complemented by our comprehensive customer support, available in multiple languages, including English, German, and French.

IberianTax is fully recognised and approved by the Spanish tax authorities, giving you peace of mind that your tax filings are in good hands. The secure payment system ensures your financial information is protected, and the entire process can be completed from the comfort of your home, without the need to be physically present in Spain.

By choosing IberianTax, you can ensure that your tax obligations in Spain are met efficiently and affordably, allowing you to focus on enjoying your property without the administrative burden. Our goal is to make the tax filing process as seamless as possible, providing you with the tools and support you need to stay compliant with Spanish tax laws. 

Register for your free account with IberianTax today, and we’ll send you convenient reminders when your non-resident taxes are due – it couldn’t be easier! 

Spain Modelo 210 Non-residents Property Tax