Over 90% of buyers of luxury properties in Spain are foreigners. Of these, 49% are citizens of countries outside the EU – Russia, China, UAE, Mexico, Colombia, Venezuela. The largest number of Europeans who buy luxury houses and apartments in Spain are from France, Italy, Greece, Great Britain, Germany. Only 8% of purchases and sales are with representatives of the local population, according to data from a study conducted by the Barnes company.
Spain has become a global center of attraction for wealthy buyers, especially from unstable regions such as Latin America, the Middle East, the CIS.
There are several reasons why Spain is such a popular destination among foreigners for real estate investments:
Naturally, the most preferred destinations are Madrid, which is a political and business center, and the cultural capital Barcelona. Recently, there has been an increasing demand for properties by foreigners in the San Sebastian area.
The Spanish coast also does not escape the watchful eye of foreign investors. In first place is the Costa del Sol (Marbella, Puerto Banus), which is the main resort for millionaires. In second place is the Costa Dorada – a combination of prestige and Mediterranean relaxation.
The forecasts for the current year and 2026 are that prices will continue to grow. The main reason is high demand and relatively limited supply. The share of buyers outside Europe is expected to increase, especially from Asia and Latin America. There will continue to be growing interest in “quiet“ premium locations such as San Sebastian, Mallorca, Bilbao.
Spain remains one of the most attractive luxury real estate markets in the world, with foreign investors driving growth m. Trends show that demand will only grow in the coming years, especially from wealthy buyers from Russia, China and Latin America.
Detailed statistics on average property prices in Bulgaria by city and neighborhood can be found HERE