Swedish buyers boosting Costa property market

COMING THE THE FORE: The importance of Swedish investment.

The property market in the province continues to be one of the most active and buoyant in Spain; however, the success and recovery is mainly down to foreign investors. 

Britons still form the largest proportion of foreign investors, and account for practically 20 per cent of all residential properties purchased by foreigners.

The importance of the Swedish market is now coming to the fore, however. Latest figures issued by the Ministry of Development and property registrars in Spain show that 9.9 per cent of foreign purchases are in fact coming from Sweden, illustrating the increased demand from the Scandinavians for Spanish property.

A leading Swedish estate agency operating on the Costa Blanca, Fastighetsbyran, a subsidiary of Swedbank, has sold almost 1,000 properties in 2015 with a total value of €200 million, an increase of 48 per cent over 2014.

Forty-nine per cent of their sales have been in the province of Alicante, a fact that has been attributed to the frequency of direct airline services between Alicante and Scandinavia. 

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    • Steven Mulrooney

      18 November 2015 • 08:11

      I have been told that the Swedish Gov will refund 30% of the costs of renovating second homes including those bought by Swedish Nationals abroad. Can anyone confirm this?

    • Janet Rosenberg

      19 November 2015 • 13:08

      The only property being bought up is the cheapest. Houses and apartments going for under 150.000 euros.
      The market is still sluggish, we have been trying to sell our property in Albir for ages, and we have lowered the price. Swedes, Brits, all they are looking for is a bargain, and there are plenty of properties for sale in Alicante South (Torrevieja etc), that are going for 60.000 euros.

    • The agent

      04 December 2015 • 08:37

      Almost. It’s the labor cost thats refundable. It was supposed to be a way for the Swedish government to stimulate the building sector in Sweden. But they forgot to limit it to properties in Sweden, so it is possible to get refunds for labor costs at Your house abroad aswell. But it is quite a challange with all the paperwork. The contractor must apply for the money from the Swedish Government.


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