Foreign buyers drive Spain’s real estate market in 2024
Spain's real estate market remains a top choice for international buyers, with nearly 93.000 property transactions completed by foreign purchasers in 2024. This accounts for 14.6% of all home sales in the country, reaffirming Spain's appeal for investors, retirees, and second-home seekers.
Top regions for foreign property buyers
The Valencian Community leads the way with over 29,900 transactions, making up 32.2% of all foreign purchases. Within this region, the province of Alicante stands out, with nearly 44% of all property sales being made by international buyers. Other popular regions include:
- Andalusia (17,435 sales; 18.8% of foreign transactions)
- Catalonia (16,053 sales; 17.3% of foreign transactions)
- Canary Islands (6,796 sales; 7.3% of foreign transactions)
- Murcia (5,533 sales; 6.0% of foreign transactions)
These figures highlight the strong demand for coastal and island properties, where international buyers seek vacation homes, investment opportunities, and retirement residences.
Why does Spain attract so many foreign buyers?
Several key factors contribute to the ongoing international interest in Spain’s property market:
- Fantastic climate and lifestyle: Spain offers year-round sunshine, stunning landscapes, and a relaxed Mediterranean way of life.
- Competitive property prices: Compared to other European destinations, Spanish real estate remains relatively affordable.
- Strong rental market: Many foreign investors buy properties in high-demand tourist areas, generating lucrative rental income.
British buyers maintain strong presence in Spain
British buyers remain one of the most prominent groups in Spain’s real estate market, completing 7,946 transactions in 2024. Despite Brexit-related changes, the appeal of Spain’s warm climate, affordable living costs, and excellent healthcare continues to attract UK nationals, particularly in areas like Alicante, Costa del Sol, and the Canary Islands.
Other key nationalities investing in Spanish real estate include:
- German buyers (6,164 transactions) – consistently active in Spain’s property market.
- French buyers (4,968 transactions) – making up a significant portion of foreign demand.
- Dutch, Italian, and Belgian buyers – all contributing to thousands of property acquisitions.
The future of Spain’s real estate market
With continued high foreign demand, Spain is expected to remain a top destination for international buyers looking for investment opportunities, second homes, or a fresh start in a sunny climate.
Whether for lifestyle, business, or retirement, Spain remains one of Europe’s most attractive real estate markets
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Source - Idealista
