According to the Bank of Spain, published on Kyero.com, foreign investment in Spanish real estate surged 27,8% to September, over the same period in 2010. In total, these transactions amounted to 3 601 000 000 euros, which is a significant rise compared to the slight increase of 2,6% in 2010.
In addition, El Mundo reported that these investments exceeded 1 000 000 000 euros for three consecutive quarters, a statistic which has not occurred since 2008, before the real estate bubble burst. In the third quarter, the increase in property purchases was 19,2% over the same period of 2010, amounting to 1 164 000 000 euros.
Foreign investment in Spanish property has fallen progressively since 2003, when it reached
7 072 000 000 euros, to 6 650 000 000 euros in 2004, 5 495 000 000 in 2005 and, finally, to 4 716 000 000 in 2006.
However, this downward trend was corrected in 2007, with foreign investors spending 5 341 000 000 euros on housing, representing a 13,3% increase over 2006.
Added to this was 5 331 000 000 euros in direct foreign investment in Spain until the end of 2008, which is an increase of 1% over the same period in 2007. In 2009 these investments fell by 31,5% to 3 651 000 000 euros due to the construction crisis, while in 2010 they grew again by 2,6% to 3 747 000 000 euros.
Source: http://news.kyero.com/2012/01/02/foreign-investment-in-spanish-property-up-27-8-to-september/