In 2024, Polish nationals significantly increased their investment in Spanish real estate, marking a notable shift in foreign property purchases in Spain, based on data from the Spanish Land Registry via Expansión: Polish buyers represent 4.6% of all foreign property purchases in Spain, surpassing several other nationalities. This significant market share is compared to other major buyer groups like the British and Germans, highlighting its rapid growth and importance.
Key Statistics:
Total Purchases: Polish buyers acquired 4,259 properties in Spain in 2024, a 36.6% increase from 3,118 in 2023.
Market Share: They represented 4.6% of all foreign property transactions in Spain, ranking ninth among foreign nationalities.
Growth Since 2019: The number of properties purchased by Poles has more than quadrupled compared to pre-2022 levels, which were around 1,000 annually.
Buyer Profile and Motivations:
The typical Polish buyer is between 45 and 65 years old, often an entrepreneur or professional with grown children. Their primary motivations include:
Geopolitical Concerns: Proximity to the Ukraine conflict has led many Poles to seek a secure and stable environment abroad.
Quality of Life: Spain’s favourable climate and high living standards are attractive for both occasional use and long-term investment.
Diversification: Investing in Spanish property serves as a means to diversify assets geographically.
Regional Preferences:
Polish buyers show a strong preference for coastal areas, particularly the Costa Blanca and Costa del Sol, seeking properties near the beach for seasonal stays and as a safeguard against regional instability.
Here are the 2024 regional transaction numbers for Polish property buyers in Spain.
Valencian Community: 2,455 purchases (≈58% of all Polish transactions)
Andalusia: 702
Canary Islands: 420
Catalonia: 238
Murcia: 227
Balearic Islands: 74
Madrid: 68
Castilla-La Mancha: 15
Castilla y León: 13
Asturias: 13
In the Valencia Region as a whole, they are the third most prominent foreign buyer with 8.1% of all sales to foreigners after the Brits (9%) and the Dutch (8.5%)
Did you know?
Polish buyers, known for their high standards in construction due to their domestic expertise, expect similar quality in Spanish properties, especially new developments. They meticulously check for quality finishes and are thorough in their inspections, making detailed snagging lists
Polish buyers view the notary signing as a significant event and expect a more celebratory and ceremonial experience than is typical in Spain.
Industry Challenges
According to leading Polish estate agencies, this surge in Polish buyers on the Costa del Sol has prompted real estate agencies to hire Polish-speaking staff. This development presents both challenges and risks for the reputation of the sector and buyer confidence in the region. According to a survey by Tutlo, a popular language-learning app in Poland, about 30% of Polish people speak English on a communicative level. That would be around 12 million people. Historically, the younger generations speak better English, but in recent years, older generations are catching up.
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