Foreigners account for about 20% of transactions: they made 71.2 thousand purchases.
According to forecasts, 2026 growth will be moderate, within 3%, except for the “premium” and “super-premium” segments. As noted in Sotheby’s International Realty, elite real estate will rise in price by 5-10%.
The main regions of demand are the southern and eastern coasts. Relative security and clear laws have made these regions the most attractive in Europe. The market is almost entirely held by foreigners: they close more than 70% of transactions throughout the country, and on the islands this figure reaches 80%.
According to analysts Prian, the buyer of Spanish luxury housing is noticeably younger – the average age in recent years has decreased by almost 10 years. Now it is millennials and generation X. They do not need antique villas, they are looking for modern architecture, technological new buildings and are ready to invest in projects at the construction stage. This is fueling price pressure.
As for trends, there are two. Firstly, these are branded residences managed by well-known hotel chains. Their price is one third more expensive than a regular suite due to the name. Secondly, there is a growing demand for premium housing for people over 60. They already account for up to 10% of transactions.
