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ALICANTE province was the most popular destination amongst foreign buyers in 2022 by a significant margin, and also the province with the second-highest rate of growth.

Some 20,865 home sales in Alicante province involved foreign buyers in 2022, the highest level in Spain, and 68% higher than 2021, reveals the 2022 market report just published by the land registrars’ association.

Foreign demand in Alicante province was 50% higher than Malaga province (13,908), the second most popular province with foreign investors, and home to the Costa del sol. The chart shows foreign demand in 2022 in key regions and provinces of interest to foreign buyers. Alicante province attracted 23.5% of all foreign buyers in Spain last year, and Alicante and Malaga province between them accounted for just under

40% of foreign demand.

If you look at just key regions of interest to second-home buyers Alicante was 25.8% of the market and Malaga 17.2% (combined total of 43%), as illustrated in the pie chart.

In terms of growth, sales almost doubled in Valencia province (+97%) followed by Alicante province (+68%). Foreign demand increased the least in the Balearics (+22%) and Madrid (+15%).

The market share of foreign buyers was the highest last year in Alicante province (+42%) and Tenerife in the Canaries (35%) and lowest in the Madrid region (5%), excluding other areas that are not of interest to second-home buyers. This information will be enough for many. For those who want more detail, subscribe to my website, Spanish Property Insight for unrestricted access to all the data and charts. www.spanishpropertyinsight.com