The Spanish real estate market has retained its appeal for international buyers during the first half of 2025, reaching over 71,000 property purchases by foreign nationals, according to the General Council of Notaries. This figure represents a slight 2% increase compared to the same period last year, once again surpassing the 70,000‑transaction threshold — a milestone not reached since late 2022.

Acquisitions of homes by foreigners are increasing, with British buyers leading and record‑breaking prices. 

Despite this rise, the share of foreign buyers in the overall market has slightly declined to 19.3% from 20.3% in 2024. This percentage marks the lowest point in the last three and a half years.

Regarding buyer profile, there is higher activity among foreign residents in Spain, who carried out 60.9% of transactions (more than 43,300 homes), representing a year‑on‑year growth of 6.4%. In contrast, purchases by non‑residents fell by 4.1%, amounting to around 27,800.

Among the most active nationalities, citizens of the United Kingdom stand out with over 5,700 transactions, closely followed by Moroccans and Germans. The top 10 also includes buyers from Italy, Romania, the Netherlands, France, Belgium, and other European nationalities.

Geographic preferences also vary by origin and residency status. While non‑resident British buyers concentrate in regions like Murcia and Andalusia, Germans show greater interest in the Balearic Islands and Canary Islands. Meanwhile, buyers from northern Europe have a strong presence in the Valencian Community and northern peninsular areas.

In terms of property values, the average price per square metre reached a new historic high of €2,417/m², marking a 7.6% increase compared to the previous year. This rise is largely due to the amount paid by non-residents, who for the first time exceeded €3,100/m², while residents paid an average of €1,912/m².

Buyers from the United States, Switzerland, Sweden, Norway, and Germany were among those who paid the highest prices. On the opposite end of the spectrum were buyers from Morocco, Romania, and Ecuador.

Valencian Community leads in transaction volume despite slight year-on-year adjustment

The Valencian Community leads the number of transactions carried out by foreigners, with over 20,000 property purchases during the first half of the year. It is followed by regions such as Catalonia, Andalusia, and Madrid, which also show high levels of activity. Among non-residents, the Valencian Community alone accounts for almost 40% of all transactions.

Finally, in terms of annual variation, notable increases were seen in regions such as Asturias, Castilla y León, and Galicia. However, other areas like the Canary Islands, Balearic Islands, and Navarre experienced slight declines compared to the previous year, after several consecutive quarters of growth.

This outlook confirms the continued interest of international buyers in the Spanish residential market, especially in coastal areas, and highlights the importance of a strategy tailored to both the buyer’s profile and the specific conditions of each region.