The War In The Ukraine Is Creating More Buyers From Poland On The Costa Del Sol
8th December 2022
Poles have already doubled the number of Spanish properties they purchased on 2021
Poles have been in a buying frenzy for Spanish property this year in an overheating housing market, thought to be driven by a booming economy and an existential fear of their warmongering Russian neighbours.
Polish buyers have seen a record 2,300 property purchase so far this year, already more than double the entire of 2021. This brings the Polish share of foreign buyers of Spanish houses to 3.2%, some way behind perennial champion investors the Brits, who are still in the lead at 11.2%.
It means the Poles already outstrip the Americans (1.6%), the Chinese (2.6%), and – ironically – the Russians (2%), with the Swedes in their sights (4.2%), according to stats from the Statistical Information Centre of Notaries in Spain.
But overall, foreign buyers have increased 19% on 2021, helping to drive up prices 7.5% year-on-year.
Published by David
