Foreign Buyers Account for Record Share of Spanish Home Sales

Foreign buyers accounted for over 16% of home purchases in Spain during the third quarter, a record high, while overall property prices also hit a peak. At the same time, total sales and mortgage activity have declined for three consecutive quarters, indicating a broader market slowdown. This suggests the local market is cooling even as international investment remains strong.

How do you think high levels of foreign investment affect the housing market for local residents in popular destinations?

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