Foreign investment in Spanish property rises by 27.8%

According to a recent report from the Bank of Spain, the latest figures currently available show that overseas investment in Spanish real estate soared by 27.8% up to September 2011 – compared with the same period in 2010 – with the transactions made during that time amounting to €3,601 million.

A separate report, by Spain’s daily newspaper El Mundo, also states that for the first time since 2008, overall investments during the three consecutive quarters were in excess of €1,000 million, while in the third quarter of 2011 foreign investment in Spanish property totalled €1,164 million – up a substantial 19.2% on figures for the same period in 2010.