The average cost of long-term housing rentals in Spain reached a historic high of EUR15 per square meter per month in April 2026, according to the Idealista portal.
According to analysts, rents have risen by 5.2% over the past year. However, the growth rate has been the most moderate since the summer of 2022, indicating a gradual slowdown in the market following several years of sharp rate increases.
Despite the slowdown, the market remains tight. The main reason is the persistent gap between supply and demand. In major cities, tourist regions, and university centers, demand is driven by local renters, foreign workers, students, digital nomads, and short-term rentals. At the same time, new supply is entering the market slowly, and some landlords prefer tourist rentals over long-term contracts.
For tenants, record-high prices mean housing is becoming even less affordable. The problem is particularly acute in Madrid, Barcelona, Valencia, Málaga, and the Balearic and Canary Islands, where rental demand is driven not only by domestic migration but also by foreigners. According to Idealista, rents in Spain rose to EUR15 per square meter in April, though no longer at the double-digit rates seen in previous years.
The migration factor remains one of the key drivers of the market. According to data from Spain’s National Institute of Statistics, as of January 1, 2025, the largest groups of foreigners in the country were citizens of Morocco—968,999 people—Colombia—676,534—and Romania—609,270. Other major groups include immigrants from Venezuela, Italy, China, Peru, the United Kingdom, Ukraine, and other countries.
In 2024, the number of Colombian citizens grew the fastest—by 98,057 people—followed by Venezuelans—by 52,555— and Morocco—by 48,306. At the same time, the number of Ukrainian citizens, according to INE data, decreased by 7,907 people, which may be due to changes in residency status, the relocation of some Ukrainians to other countries, or naturalization.
The influx of foreigners is driving up demand for rentals, particularly in cities with job opportunities, universities, and a developed service sector. In the fourth quarter of 2025, the main groups of new immigrants to Spain were citizens of Colombia, Venezuela, and Morocco.
Investment demand is creating additional pressure on the market. Foreign homebuyers in Spain pay significantly more than locals: in the second half of 2025, non-residents purchased homes at an average of EUR 3,242 per square meter, foreign residents at EUR 1,963, and Spanish citizens at EUR 1,839. This also affects the rental market, as investment purchases are often aimed at renting out the property.
Thus, Spain faces a double challenge: rents have already reached record levels, but a structural supply shortage does not yet allow for a rapid decline in prices. Even a slowdown in annual growth to 5.2% does not signal a market reversal, but rather indicates a shift from sharp price increases to a more stable, though still expensive, level of rents.
The province of Alicante has strengthened its position among Spain’s largest residential real estate markets, remaining a key hub for demand from both local and foreign buyers. This is reported by Prian, citing data from the Spanish housing market. An additional growth factor remains the high interest from foreigners, thanks to which Alicante maintains a special status in the national market.
According to Idealista, in 2025, foreigners accounted for 45.7% of all housing transactions in the province of Alicante—one of the highest figures in the country and, in fact, nearly half of the market. By comparison, the share of foreign buyers across Spain as a whole was 13.8%, and in the Valencian Community, 27.6%; in other words, Alicante significantly outpaces both the national and regional averages.
High foreign buyer activity supports market liquidity and demand in coastal areas, particularly on the Costa Blanca. At the same time, this makes Alicante one of the main indicators of external demand for Spanish housing, especially in the segments of second homes, investment apartments, and properties for permanent residency.
Among foreign buyers in Spain in 2025, citizens of the United Kingdom, the Netherlands, and Germany dominated. According to Spanish sources in the Valencian Community, in 2025 the Netherlands took first place among foreign homebuyers in the region, displacing the British, followed by Belgians, Poles, Ukrainians, and Germans among the most prominent groups.
Spanish authorities have launched an emergency administrative legalization process for migrants already in the country without regularized status. The Council of Ministers approved the relevant royal decree on April 14, and the application period began on April 16 and will run until June 30, 2026. The government estimates that the measure could potentially cover approximately 500,000 people.
According to official explanations from the Spanish authorities, foreigners who were in Spain before January 1, 2026, have lived in the country continuously for at least five months, and have no criminal record are eligible to participate. Certain applicants for international protection are also included in the scheme. The measure is framed as an emergency measure and, according to Madrid, is intended to simultaneously reduce the informal labor market and address part of the labor shortage amid an aging population.
The Spanish government explicitly links the decision to the economy. An official Moncloa memo states that regularization should facilitate the integration of migrants already in the country into the legal labor market and the social security system. Experts note that Pedro Sánchez’s cabinet is presenting this initiative as a response to demographic aging and labor shortages in a number of sectors.
The scale of migration in Spain is indeed very large at present. According to data from Spain’s National Institute of Statistics, as of January 1, 2025, the country had a population of 49.13 million, of whom 14.1% held foreign citizenship and 19.3% were born outside Spain. As of January 1, 2026, the number of residents born abroad exceeded 10 million for the first time.
Among the largest foreign groups in Spain by nationality as of January 1, 2025, Moroccans led the way with 968,999 people, followed by Colombians with 676,534 and Romanians with 609,270. The INE also notes that in 2024, the largest increases were among citizens of Colombia, Venezuela, and Morocco, while notable decreases were seen among those from Ukraine and the United Kingdom.
There are also separate official statistics regarding Ukrainians. Spain’s Ministry of Inclusion, Social Security, and Migration reported that the number of Ukrainian citizens with valid residence permits in the country exceeded 338,000 in December 2025. This is one of the largest national groups among holders of valid residence permits outside the EU system.
In practical terms, this new legalization could further strengthen Spain’s role as one of the few major EU countries that are attempting not only to curb migration but also to bring people already in the country into the legal framework. For the labor market, this means a potential expansion of formal employment, and for the real estate, retail, agriculture, care, and service sectors—an influx of workers and consumers. But at the same time, the burden on immigration offices will increase; employees of these agencies have already threatened to strike due to a lack of resources to handle the new wave of applications.
Spain is among the group of countries that Ukrainians consistently view positively, and recent trends indicate a further strengthening of this image. According to a survey conducted in March 2026 by the research firm Active Group in collaboration with the Experts Club information and analytical center, 63.6% of respondents rated their attitude toward Spain as positive, a significant increase from 53.0% in August 2025.
The breakdown of positive perceptions appears quite balanced: 18.9% of respondents reported a completely positive attitude, while another 44.8% described their attitude as mostly positive. This indicates that positive sentiment is not only growing in quantity but also has a fairly deep foundation, as a significant portion of respondents demonstrate a clearly formed positive view of the country.
At the same time, the share of neutral assessments remains relatively high—33.6%. This indicates that for a significant portion of Ukrainians, Spain is not a country that features in their daily news, yet even in this case, its image does not evoke negative associations.
Negative attitudes toward Spain are practically nonexistent: only 0.9% of respondents view it negatively (of these, 0.5% view it mostly negatively and 0.5% view it completely negatively). This figure is one of the lowest among all countries surveyed, underscoring a consistently high level of trust and goodwill.
A comparison with August 2025 also shows not only an increase in positive assessments but also a further decline in negative ones (from 1.0% to 0.9%). This indicates the gradual formation of a stable positive image of Spain in Ukrainian society.
Overall, the data show that Spain is perceived as a friendly and neutral-positive country without significant controversial factors. It is not a central political or security player in the perception of Ukrainians, but at the same time, it is among the countries with a high level of trust.
“In the case of Spain, we see a classic example of a stable positive image that does not depend on situational factors. It is not the most prominent political actor for Ukrainians, but at the same time, it has no negative media coverage. That is precisely why its perception is gradually strengthening and moving into a stable positive zone,” noted Maksym Urakin, founder of the Experts Club information and analytical center.
Thus, Spain occupies an important place in the group of countries with a high level of positive perception, where the key factor is not the intensity of political interaction, but the absence of negative signals and an overall positive image in the public consciousness.
According to a study conducted by the Experts Club Information and Analytical Center based on data from the State Customs Service, Spain ranks fourteenth in total trade volume of goods with Ukraine, with a figure of $2.80 billion. At the same time, Ukraine has a trade surplus with Spain, as exports of Ukrainian goods exceed imports.
The study was presented at the Interfax-Ukraine press center; the video can be viewed on the agency’s YouTube channel. The full version of the study can be found at this link on the Experts Club analytical center’s website.
ACTIVE GROUP, EXPERTS CLUB, Pozniy, SOCIOLOGY, SPAIN, SURVEY, UKRAINE, URAKIN
In July–March of the 2025–2026 marketing year (MY), Ukraine exported 48,300 tons of wheat flour, which is 3% less than in the same period of the previous season, when shipments totaled 49,800 tons, the Ukrainian Flour Millers Association reported on Facebook.
The industry association noted that EU countries accounted for about 35% of exports, although in the previous season the European market’s share was significantly higher, reaching 44%.
The top five consumers of Ukrainian flour for the first nine months of the 2025/26 marketing year included Moldova, which imported 14,900 tons, Palestine – 9.2 thousand tons, the Czech Republic – 7.4 thousand tons, Israel – 4.4 thousand tons, and Spain – 4.2 thousand tons.
“Flour Millers of Ukraine” also pointed to an increase in wheat flour imports to Ukraine. Thus, during the reporting period, nearly 2.3 thousand tons of the product were purchased on foreign markets, which is 21% higher than the figure for the same period last year, when 1.9 thousand tons were imported.
CZECH REPUBLIC, FLOUR, ISRAEL, MOLDOVA, PALESTINE, SPAIN, Ukrainian Flour Millers
As of the end of 2025, there were 7,500,944 foreigners in Spain with valid residence permits, which is 4.5% more than a year earlier. These figures were published by the Permanent Immigration Observatory (OPI) under Spain’s Ministry of Inclusion, Social Security, and Migration.
Of this number, 3,804,191 individuals held an EU or EFTA citizen registration certificate, 3,497,284 resided in the country with a residence permit under the general migration regime, and another 199,469 people were in Spain on a TIE card under the Brexit agreement for British nationals and their family members.
Among holders of EU registration certificates and related documents, the largest groups were citizens of Romania—1,136,518 people, Italy—514,054, and the United Kingdom—382,474. Together, these three nationalities accounted for 51% of this category of foreigners with residence permits.
In the segment of foreigners with residence permits outside the EU regime, the largest national groups, according to OPI, were citizens of Morocco, Colombia, and Argentina. At the same time, the total number of foreigners in this segment increased by 9% over the year, or by 288,253 people.
Separately, Spain updated its statistics on Ukrainians. According to OPI data, as of December 31, 2025, 338,576 Ukrainian citizens with valid residence permits were living in the country. The figure was published in January 2026 in a special report on Ukrainian citizens.
Thus, Spain continues to host one of the largest populations of foreign nationals with legal residency status in the EU, and Ukrainians remain one of the most prominent national groups within this demographic.
