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CNBC: Investors are increasingly looking at Spain's real estate
Foreign buyers were one of the main drivers of the Spanish housing market in the first quarter of the year, accounting for nearly 20 percent of all sales.
According to research published by the Spanish General Council of Notaries on Monday, residential property sales to foreign buyersjumped by 27.2 percent year-on-year and constituted «one of the main engines of growth» in the market.
Coastal areas were the most in demand. Together with the Spanish capital of Madrid, they registered the highest year-on-year growth of any region, at over 40 percent.