Moroccan Buyers Surge in Spanish Real Estate Market, Rivaling British Investors

Moroccans own 24.73% of the real estate acquired by foreigners in the region, while they represented barely 5.74% in 2015, says José Ramon Blazquez, the president of the Association of Real Estate Developers of the region (APIRM).

To read: Moroccan Buyers Lead Surge in Foreign Real Estate Purchases in Spain

Despite a 26% drop in their purchases recorded last year, the British remain at the top of foreign buyers of housing in the region, reports La Opinion de Murcia, noting that Brexit is the main cause of this reduction.

To read: Moroccan Buyers Lead Foreign Home Purchases in Spain’s Aragon Region

After the British and Moroccans, come the Belgians with 7.2%, the Germans with 4.3%, the Dutch with 3.41%, the French with 2.70%, the Ecuadorians with 2.36%, the Swedes with 2.20%, the Irish with 1.83% and the Romanians with 1.74%.