Spain set for 10% foreign resident population

Spain set for 10% foreign resident population

Monday, August 07, 2006

The latest figures from the Spain’s National Institute of Statistics show that 3,880,000 of the country’s official population of 44,390,000 million are foreigners. This is 8.7% of Spain's population.

This is a staggering leap from only 2.2% at the beginning of the decade.

While no firm data exists to show how this immigrant population is divided according to countries of origin, it is clear that Britons make up a high proportion of the foreigners now residing in Spain and have been responsible for a significant portion of the growth in the total.

Within the automomous regions the Baleares is the place where the largest numbers of foreigners live making up 15.6% of this region's official population.

Valencia, Murcia, Cataluña and Madrid follow. The regions with the smallest numbers of foreigners are Extremadura, Galicia y Asturias with only 2.5% of their official population made up of foreigner residents.

According to a recent report by consultants Analistas Financieros Internacionales foreigners will buy around 170,000 new homes in Spain this year – by far the highest number of foreign purchases in any European country and a significant upward pressure on property values across the country.

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