In Spain, foreign property buyers have slowed down a bit, but they’re still the main drivers of the market – especially folks from the UK, Germany, and the Netherlands.
According to the Spanish property registry, foreigners purchased nearly 23,700 residential properties in the third quarter of 2025, which is 4% less than in the same period in 2024. The share of transactions involving non-residents fell to 13.6% from 14.9% a year earlier, but is still about 36% higher than the average for the last ten years.
Who is buying: top nations in the Spanish housing market
In the third quarter of 2025, the largest groups of foreign buyers were:
Among other important buyers in the third quarter, moderate growth was recorded from Romania and Morocco, while demand from France, Italy, Belgium, and Poland declined slightly. Interest from buyers in the US and Morocco remained close to last year’s level. Demand from the Russian Federation and China fell significantly, by approximately 34% and 23%, respectively.
The full picture for 2024
According to the summary data for 2024, foreigners bought about 93,000 residential properties in Spain, accounting for about 14.6% of all transactions on the market. This is one of the highest figures in the history of observations.
According to the results for 2024, the main national groups are as follows:
Thus, the top ten in terms of purchase volume is primarily made up of Europeans – British, Germans, Moroccans, Dutch, Romanians, Italians, French, and Poles, supplemented by buyers from China and Ukraine.
Regions that attract foreigners
The most popular regions among foreign buyers remain the Mediterranean coast and islands: the Valencian Community, Andalusia, Catalonia, the Balearic Islands, and the Canary Islands. They account for the vast majority of foreign purchases, and in some provinces, such as Alicante and Malaga, the share of foreigners in the total volume of transactions reaches 30-40%.
What does the correction in demand mean?
Experts view the slight decline in the number of transactions in the third quarter of 2025 as a technical correction after a record-breaking 2024 rather than a reversal of the trend.
The share of foreigners remains significantly higher than the pre-crisis average, and Spain continues to attract buyers with its combination of climate, relatively affordable prices, and developed infrastructure.
At the same time, the structure of demand is gradually changing: the positions of the British and Germans remain strong, but buyers from the Netherlands, Central and Eastern Europe, and North Africa are playing an increasingly prominent role. For the local market, this means that the high proportion of foreign buyers will remain, but with greater diversity in terms of nationalities and sources of capital.
Source: https://open4business.com.ua/hto-z-inozemcziv-lidyruye-z-pokupky-zhytla-v-ispaniyi-analiz/
