90% of new homes bought by foreigners

Buyers of new build property

Buyers of new build property Photo: AEDAS

The sale of new homes to international clients in 2023 grew by 13 per cent, according to AEDAS Homes. Particularly of note was an increase in foreign demand which, on the Costa del Sol, resulted in 9 out of every 10 reservations for brand new homes being made by international buyers.

The company has announced this in a publication, ‘Profile of the International Buyer of New Homes 2023’. The data for the Costa del Sol, based on a sample of more than 400 clients, confirms the boom in foreign demand.

“AEDAS Homes has also become the main developer for international clients in Spain and on the Costa del Sol. For years now, we have been promoting a commercial line aimed at and specialised in attending to this foreign client, with a product that is very focused on their needs and in areas close to the sea and to restaurants and leisure facilities”, said Ángel Fernández, Territorial Director of AEDAS Homes on the Costa del Sol.

The majority of the buyers, almost 80 per cent, purchase property as second homes, while 13.3 per cent buy as an investment and the remaining 7.3 per cent are looking for a permanent home.

With regard to the nationality of the buyer on the Costa del Sol, Europeans account for 84.2 per cent of international purchases and, by country, the ranking is led by Poles (20.9 per cent), followed by the Dutch (12.8 per cent) and Czechs (8.7 per cent).

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Written by

Kevin Fraser Park

Kevin was born in Scotland and worked in marketing, running his own businesses in UK, Italy and, for the last 8 years, here in Spain. He moved to the Costa del Sol in 2016 working initially in real estate. He has a passion for literature and particularly the English language which is how he got into writing.