British lead foreign property revival

Figures released this week from the Ministry for Development in Madrid show that the British are driving sustained growth in overseas property investment followed by the French with substantial increases in minority markets such as the Russian and Chinese.
The Scandinavian market is also performing well.
According to the data, here in the Balearics, foreign investors are spending an average of 224,781 euros on a property well above the national average.
During the second quarter of this year, a total of 80,722 property transaction were closed in Spain, 17 percent of those were with foreign investors.
That means the foreign market, in comparison to the second quarter of last year, has grown by 28 percent to the extent that, one in every six properties sold, are sold to a foreign investor.