September Property Sales +5%
The Notaries’ report for September shows that home sales in Spain increased by 5 percent compared with the same month last year. A total of 58,845 property transactions were completed. Mortgage lending for housing rose by 11.4 percent, reaching 29,614 loans. This signals stronger access to credit and greater buyer confidence.
The average price per square metre reached 1,940 euros, 6.3 percent higher than a year earlier. Flats accounted for 43,735 sales, up 3.1 percent, with an average price of 2,230 euros per square metre, up 7.8 percent. Detached homes grew by 10.7 percent to 15,110 sales, with an average price of 1,466 euros per square metre, up 5.4 percent. Activity rose in 13 autonomous communities and fell in four.
Implications for foreign buyers
Although the report does not break down transactions by nationality, the wider context is relevant for international investors. Rising prices and increased transaction volume point to firm demand. Decision-making speed becomes important for buyers who want to secure property before further appreciation.
The growth in mortgages suggests that financing is becoming more common. International buyers who previously relied on cash may find Spanish banks more receptive. In a period of stable or falling interest rates, this can improve returns and reduce initial capital requirements.
Stronger growth in detached homes indicates interest in independent living spaces. This aligns with the preferences of many foreign buyers seeking second homes or longer stays.
Regional variations remain significant. Some areas continue to attract strong domestic and international demand while others slow. Investors focusing on value retention and rental performance need to assess each area carefully.
Relevance for buyers in the Costa del Sol
The trends highlighted in the report matter directly for buyers and agents operating in the Costa del Sol. The region draws a large share of non-resident demand, which tends to react quickly to market movements.
Acting early is important in a rising market. Waiting can result in higher acquisition costs. Reviewing mortgage options can be worthwhile, as lenders appear more open to financing. Detached homes continue to attract international buyers looking for privacy, outdoor space, and year-round use. Location remains central, as performance differs widely between coastal zones, golf communities, and areas further inland.
Risks and points of attention
A market with rising activity can lead to stronger competition, especially in high-demand coastal zones. Higher price levels may compress yields for investors focused on short-term rentals or resale. Changes in interest rates can influence the pace of international demand. Regional differences require close monitoring, as not all markets move in the same direction.
Indicators to track in the coming months
Useful indicators include the proportion of foreign and non-resident buyers, mortgage activity among non-residents, the relationship between flat and detached sales, and the specific behaviour of the Costa del Sol markets in pricing and volume.
The report confirms that the Spanish property market remains steady. Foreign buyers focused on established coastal areas, including Marbella and its surroundings, will find opportunities if they move decisively, study each micro-market, and evaluate financing where appropriate.
