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High percentage of tourists plan to buy property in Spain.

A survey carried out by the real estate franchise Iberia Real Estate in the principal coastal tourist destinations of Spain during the months of July and August, revealed that two in every ten foreign tourists to the country are considering the purchase of a second residence in Spain.

According to the survey, it is no longer only the traditional cities which are the most popular choice for foreign visitors, with the holiday destinations and home searches by foreign tourists this year varying greatly, from Andalucía to Cantabria and Galicia.

The main buyer profile, according to the analysis, is a male between 40 and 50 years of age with family, and the threat of terrorism in the Mediterranean is the main consideration for these potential buyers, realising that the situation has changed and that during the coming years it will be a risk to travel to once-popular places such as Tunisia, the South of France, Turkey, Egypt and other Arab countries which until recently were top preferred tourism destinations.

Home sales have grown this summer by 30%, and will continue to grow during the rest of the year, boosted by the purchases made by foreign buyers