Record-breaking billions are invested into Spain real estate

Record-breaking billions are invested into Spain real estate

Foreigners made a record-breaking investment in Spain while the Spanish themselves have taken a money minimum outside the country. Foreign clients particularly purchased the property in the amount of €6.5 billion in 2013 (an annual growth is 16%). That is a record over the last 9 years. These figures were published by the Bank of Spain.

According to Noticia.ru, the Spanish have purchased real estate abroad in the amount of €355 million (-41% at an annual rate), that is a historical minimum for the last 12 years.

For comparison, the external debt of Spain was $2.28 trillion (€1.65 trillion) in 2012.