The Swedish buyer market in Spain has seen a significant decrease since 2021, but the outlook is positive. The Swedes declined from almost 5% of the foreign buyer market in 2021 in Spain to less than half that in 2023 (2.2%) and 2024 (2.2%).
While actual transaction numbers didn’t halve, the graph below shows that they remained substantially below 2022 levels, with only a slight improvement observed last year.
In Q1 of 2025 Swedes represented 2.5% of all sales to foreign buyers in Spain, down a bit from Q4, according to land registry data.
In 2024 they were 6th in Andalucia with 5% of all properties bought by foreigners, 4th in the Balearics with 4% and 9th in the Valencia Region with 3.8%
𝐓𝐡𝐞 𝐠𝐨𝐨𝐝 𝐧𝐞𝐰𝐬: Sweden’s economy shows promising signs for recovery in the latter half of 2025, primarily driven by strengthening domestic demand. Economic projections indicate GDP growth of 2% for 2025, with further acceleration to nearly 3% expected in 2026.
This economic recovery may potentially influence Swedish investment in Spanish property in the coming years, though current figures remain well below historical levels.
Costa del Sol-based expert on the Swedish market Jerry Kyrk, says he agrees they will come back – but “not in the same numbers as during the post-Covid, ‘turbocharged’ market.”
If you are interested in real estate data like this, much more is available on Mark Stücklin´s Spanish Property Insight website
Random stat: In 2024, Swedish nationals obtained 558 Spanish mortgages with an average loan value of €345,938, the highest out of all foreign nationalities.
