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© Swedbank Fastighetsbyrå AB
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Foreign buyers

Swedish property buyers

Swedish buyers are the fifth most important foreign buyers in Spain. Indeed, they buy over 4,000 properties per year, representing 5% of all foreigners. Where do they buy? At what price?

Swedish, the #6 nationality of foreign buyers in Spain

Sweden was the #6 nationality of foreign buyers in Spain last year. Indeed, more than 1 in 20 foreigners who purchased a home in Spain was a Swedish buyer (5.24%).

Only five nationalities were more important: the British, the Germans, the French, the Marroccans and the Belgians were more active in the Spanish property market than the Swedish nationals.

4,000 properties per year

As foreign buyers acquired 65,400 Spanish homes last year, this 5.24% means that the Swedes bought close to 4,000 Spanish properties.

In the Top 6 nationalities

Although buyers from Sweden have slightly decreased recently, the proportion of foreign buyers that they represent has been above 5% each year since 2011. As a consequence, Swedes are part of the Top 6 nationalities of foreign buyers in Spain, with the British, the French, the Germans, the Marroccans and the Belgians.

Scandinavian buyers love new homes

The Spanish press loves to talk about “Scandinavian buyers”. Both the Norwegians and the Swedes show a strong appetite for new homes when buying in Spain.

However, Norwegians are not as important as Swedish buyers, as they represent only 1.33% of foreign buyers (close to 4 times less than the Swedes and their 5.24%).

Swedes are the #2 foreign buyers of new homes

A strong specificity of Swedish buyers is that one in five opted for a new home. Therefore, when it comes to new homes, Swedish buyers are the #2 most important nationality, beaten only by the Belgians.

What price do they pay?

Swedes pay nearly €2,500 per metre square for their homes

The average price a Swedish buyer pays for his or her property was €2,433 per square metre in 2018, slightly more than other foreigners.

How does that compare with Property prices in Stockholm? According to Statista, the average cost of an apartment in Sweden stands at € 7,600 per square metre.

In other words, the Swedish owner of a 20 square metres flat in Stockholm (€7,600/m2) can afford 100 square metres in Alicante (€1,525€/m2).

What size of homes do Swedish buyers prefer?

75% chose homes larger than 60 square metres

More than 75% of the Swedish buyers acquired properties larger than 60 square metres. However approx. 26% bought homes larger than 100 square metres, so we can’t conclude that Swedish people are only interested by large homes.

Where do the Swedish buy in Spain?

Valencia, Andalucía, Balearic islands, Canary islands, Murcia

Where do the Swedish buy in Spain? In short the answer is:

1. Valencian Community

2. Andalusia

3. Balearic Islands

4. Canary islands

5. Murcia

In other words, Valencia, and Andalusia are extremely important for them. So, let’s dig a bit further, and study these two in more details.

#2 in Valencia

In the Valencian Community, only the British are more active home buyers than the Swedes.

Some of the locations part of the Valencian Community:

Albir, Benidorm, Alicante, Ciudad Quesada, Torrevieja, Gran Alacant, La Zenia, Orihuela Costa, Costa Blanca, Denia, Calp, Xabia

#2 in Andalusia

If you’re looking to sell a property located in Andalusia, know that Swedish buyers are the second most important international home buyers. Indeed, more than 1 in 10 foreigner is Swedish.

Some of the locations part of Andalusia:

Nerja, Torre del Mar, Malaga, Fuengirola, Marbella, Estepona, Costa del Sol

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