Moroccan Buyers Surge in Spanish Property Market Despite Pandemic

The latest statistics contained in the report on the Spanish real estate market show a remarkable increase in the share of property purchases by Moroccans. According to the Spanish land registry, this 16% increase recorded between the third and last quarter of the year follows a decline in the share of purchases by Moroccans in the second quarter. Health crisis obliges. In total, Moroccans acquired 3,166 Spanish properties, or 19% less than in 2019.

Despite the health crisis that has severely affected the sector, Moroccans have obtained a significant share of 6.74%, becoming the fourth largest foreign buyers of Spanish real estate, after the United Kingdom, France and Germany. The report also notes a 25% drop in the number of purchases of Spanish houses and apartments by non-residents (46,200 compared to 62,000 in 2019).

According to the Spanish National Institute of Statistics, Moroccans represent 1.82% of the population and form the largest expatriate community in Spain, with 864,546 residents.