Foreign buyers drive Spain’s real estate market in 2024

The Valencian Community leads the market, with over 29,900 transactions, accounting for 32.2% of all foreign purchases. Within this region, the province of Alicante stands out, where nearly 44% of all property sales involve foreign buyers. Other highly sought-after regions include:

• Andalusia (17.435 purchases; 18.8% of foreign transactions)
• Catalonia (16.053 purchases; 17.3% of foreign transactions)
• Canary Islands (6.796 purchases; 7.3% of foreign transactions)
• Murcia (5.533 purchases; 6.0% of foreign transactions)

These figures underscore the strong demand for properties in Spain’s coastal and island regions, where international buyers seek holiday homes, investment opportunities, and retirement properties.

Several factors contribute to the continued interest in Spain’s real estate market:

• Mild climate & lifestyle: Spain offers year-round sunshine, stunning landscapes, and a relaxed Mediterranean lifestyle.
• Competitive property prices: Compared to other European destinations, Spanish real estate remains relatively affordable.
• Strong rental market: Many foreign investors purchase homes in high-demand tourist areas, generating significant rental income.

Among international buyers, certain nationalities stand out for their purchasing activity. In 2024, the most active groups included:

• British buyers (7.946 transactions) – continuing their strong presence despite Brexit.
• German buyers (6.164 transactions) – maintaining steady interest in Spanish real estate.
• French buyers (4.968 transactions) – a significant portion of foreign demand.
• Dutch, Italian, and Belgian buyers – collectively accounting for thousands of purchases.

With foreign demand remaining high, Spain is expected to continue attracting international buyers seeking investment opportunities, second homes, and relocation options.

Whether for lifestyle, business, or retirement, Spain remains one of Europe’s most desirable property markets.