In January–June 2025, foreigners purchased 71,155 homes in Spain, which is 2% more than a year earlier; with their transactions accounting for 19.3% of all home sales, according to the Spanish Notary Council. The British lead the way with 5,731 transactions, followed by Morocco with 5,654 and Germany with 4,756, according to notaries.
Among the nationalities that showed historic highs was Ukraine: in the first half of the year, 2,165 home purchases by Ukrainian citizens were registered, which was a record for the series of observations. Citizens of the US, Portugal, Italy, Morocco, Colombia, and the Netherlands also set new records.
According to notarial statistics, the main concentration of transactions with foreigners is recorded in the coastal provinces and islands—Alicante, the Balearic Islands, Malaga, and Santa Cruz de Tenerife. The market continues to show price differences: American buyers paid an average of €3,465 per square meter, the highest among foreigners; Ukrainians paid around €1,832 per square meter, and Moroccans paid €747 per square meter.
According to notaries and the regional press, purchases by Russians fell by 17.4% and remain below pre-crisis levels; they did not feature among the top nationalities in terms of the number of transactions.
