Buy an apartment in Spain – how much it costs and what you need to know – TSN Exclusive

In recent years, Ukrainians have become more active in buying residential real estate in Spain. According to the real estate sales companyUkrainian buyers account for 1.75% of the total volume of sales of Spanish real estate to non-residents. In the first half of 2022 alone, the number of real estate purchase transactions by Ukrainians increased by 73% compared to the same period in 2021 and by 133% in 2023 compared to 2022.

There are several reasons for this growth. First, it is a war against Ukraine. Since the beginning of the invasion, several million people left the country, of which about 300,000 settled in Spain. If at first many people rented housing, then gradually people began to buy their own real estate. Some returned to Ukraine, but provided themselves with a “spare airfield”.

Another reason is the desire to save money from depreciation. Real estate prices in Spain are rising with…