Record prices and rising demand: foreigners still driving Spanish real estate
Foreign buyers remained a key force in Spain’s property market in 2025, despite the end of ‘golden visas’, record prices, and government proposals to raise taxes on foreign purchases.
According to notaries, over 71,000 homes were bought by foreigners in the first half of 2025, up 2% from 2024. This is the first time since late 2022 that transactions surpassed 70,000 units, highlighting Spain’s continued appeal as a residential and tourist destination. While foreign buyers account for less than 20% of the overall market, their presence is far stronger in the luxury segment.
Idealista. All Rights Reserved.
Ana P. Alarcos ,
Emma Donaldson
23 January 2026, 9:00
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