Ever wondered what it would cost to own the entire Spanish housing market? Just a casual €2.8 trillion (that’s $3.3 trillion for our American friends). Pocket change, really. Savills’ latest global residential report reveals that this eye-watering sum has catapulted Spain to 17th place globally in the housing wealth rankings – a meteoric three-spot climb in just one year. Not bad for a country where […]
In 2024, Spain welcomed 94 million international tourists, making it the second most visited country in the world. A significant portion of these tourists return to buy second homes or relocate permanently. This creates economic benefits, but also pressures local housing markets. The Costa del Sol is a prime example, with one in three homes sold to foreigners. The Costa del Sol specifically attracted 14.4 […]
Spanish home sales soared to 62,808 transactions in March 2025, marking a 40.6% increase from last year and reaching the highest monthly total since 2007. According to provisional figures from Spain’s national statistics institute (INE) March was also up; a more moderate 5.2% increase on the previous month. Regional highlights: 🔹 Andalucía +55.1% year-on-year 🔹 Murcia+53.5% 🔹 Cataluña +52.3% 🔹 Balearic Islands +49.9% 🔹 Madrid […]
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 […]
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 […]
In February 2025, residential property sales in Andalucia, sales surged by 24.5%, making it one of the regions with the highest growth. Residential property sales in Spain reached nearly 59,000 transactions, marking a 12.2% year-on-year increase, according to provisional data from the Colegio de Registradores. Regional highlights: ⬆️ Andalucia +24.5% ⬆️ Catalonia +15.6% ⬆️ Murcia Region +13.0% ⬆️ Balearics +10.7% ⬆️ Madrid Region +8.5% ⬆️ […]
In 2024, domestic tourists comprised nearly 64% of Andalucia’s total visitors. Domestic tourists in Andalucia reached 23.1 million visitors in 2024, a 5.5% increase from the previous year. This surge contributed to an economic impact of €30 billion, reflecting a 13.3% rise in tourism revenue. Foreign tourism – International tourists to Andalusia reached 13.6 million in 2024, surging 13% above the pre-pandemic 2019 levels and […]
Foreign buyers made up 14.9% of Spanish property sales in Q3 2024. While this total is in line with recent trends, the mix of buyer nationalities is changing. The UK, Germany, and France traditionally held the top spots, but France has dropped from 3rd to 6th place. Swedish buyers now represent half their 2022 percentage and have declined further since last quarter. Polish buyers have […]
Foreigners spend 76.4% more on new homes compared to second-hand homes when purchasing properties in Spain. Foreigners purchasing new homes in Spain pay an average of €299,053, while the average price for second-hand/resale properties is €169,573. In my experience since the rebound of the market around 2014-16, most new agencies selling to foreigners on Costa del Sol come into the market focusing on new developments […]