Reports that give you a snapshot into demand for Spanish property from key markets like the UK, Germany and France are now ready.
A heads-up for anyone interested in understanding the different foreign market for property in Spain that I’ve started publishing reports on foreign demand by nationality in the reports section of the website that allow you to see at a glance the key numbers and trends for the most important foreign markets for residential real estate in Spain.
For example, check out the report on British demand for property in Spain, which is the market I’ve done the most work on in the past. You will find quarterly and half-yearly reports going back to 2019. In future there will be an in-depth annual report, and a half-yearly report to identify the key trends of the year in progress.
The Belgian market for property in Spain
Data and analysis of the Belgian market for Spanish property in periodic reports highlighting key trends of interest to anyone looking to buy or sell property in areas of Spain where the Belgians are active in the local real estate market.
The annual report will go into more detail on Belgian demand by region, how much buyers from Belgium spend on property in Spain, and the headwinds / tailwinds driving or hindering buyers from Belgium. The half-yearly report just updates the main charts with the latest numbers. The first annual report will be published for 2024 when the numbers are available in the first half of 2025.
Subscribe to the Data Hub to get access to all the public data on Belgian demand for properties in Spain, and many other trends in the Spanish housing market.
2024 H1
The Belgians were the sixth biggest group of foreign buyers of property in Spain in H1, behind the British, Germans, French, Dutch and Italians.
The market share of Belgian buyers (as a percentage of the overall number of foreigners buying property in Spain) fell to 5.1pc, down from a high of 7pc in 2015.
Looking at the year-on-year percentage change in sales in both H1 and Q2 compared to other countries, Belgium was in the bottom half of the field when it came to declines in H1 (-8pc), and one of the worst performers in Q2 (-13pc), suggesting a deteriorating trend as the year progresses. That said, it was still a good year by historical standards.
Where do the Belgians buy homes in Spain? There are no figures yet for H1 2024 but the picture from 2023 will be broadly similar, as illustrated by the next chart.
