Chinese – The real estate Buyers in S p a i n

The push by Chinese real estate buyers throughout the world is well established, but now it seems as if they are increasingly targeting Mediterranean nations as well…and mainly Spain.

“What are the primary reasons for this demand growth in Europe’s Mediterranean countries? An extended period of weak property prices in the region has combined with the growing wealth of Chinese buyers to create more opportunities for Chinese real estate purchase than in the past.

Chinese buyers are becoming more comfortable in international markets, and looking beyond the destinations that have traditionally been most popular.

“Attractive lifestyles, affordable luxury property pricing and competitive investor visa programs have added to the appeal. Property marketers have promoted the programs aggressively, implying that citizenship and a European Union passport will be relatively easy to obtain.”

Common factors that bring Chinese buyers to the Mediterranean countries include lifestyle issues in China, the desire to diversify investments and seek greater returns and the search for international educational opportunities for their children.

Spain’s Chinese Residential Purchasing Intent Index has the second fastest growth. This is even more significant given that Spain also attracts the greatest number of Chinese buyers in absolute terms, of all the countries discussed here.

The Purchasing Intent Index is up 88% quarter-on-quarter and 292% over a year earlier.

Over the past year, Barcelona has been by far the most popular destination for Chinese property seekers, …but…..followed by regional capital Valencia, national capital Madrid and the southern beach resort of Marbella. However, in the second quarter of 2015, for the first time, Valencia displaced Barcelona as the most popular destination for Chinese likely buyers.china

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