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WHICH NATIONALITIES INVEST IN REAL ESTATE IN SPAIN?
Which nationalities are buying property in Spain?
The Spanish sun continues to hold an irresistible appeal for international homebuyers, who are now responsible for nearly one hundred thousand housing transactions.
to the latest data from the Spanish land registry, there are striking differences in what various nationalities are willing to pay for their place in the sun. While the average house price in Spain rose to 2,354 euros per square meter in 2025, an increase of over nine percent, the amounts paid by foreigners are often well above that. At the top of the list of generous investors are Americans, who lead the way with an average of 3,465 euros per square meter.
They are closely followed by the Swiss and Swedes, both exceeding 3,400 euros. Norwegians and Germans also dig deep into their pockets, with averages surpassing 3,200 euros. Although the British remain the largest group of foreign buyers, they prove to be much more price-conscious, paying an average of 2,480 euros per square meter.
Dutch and Belgian buyers are in the upper-middle bracket, and their spending hardly differs. A Dutchman pays an average of 2,574 euros per square meter, while a Belgian buyer spends almost the same at 2,568 euros. This means they invest significantly more than the Spanish national average and stay ahead of the French, Irish, and Italians.
At the other end of the spectrum, we find buyers from Morocco and Romania, who enter the market at considerably lower amounts of 747 and 1,325 euros per square meter, respectively.
Regarding locations, the Valencia region remains the absolute favorite, with the province of Alicante as the undisputed center where no less than forty percent of all foreign sales take place. Andalusia, led by the province of Málaga, and Catalonia also remain incredibly popular. Additionally, the Madrid region, the Balearic Islands, and the Canary Islands attract significant international interest. The combination of a favorable climate and a high quality of life keeps demand high, although experts warn that this sustained popularity in tourist hotspots could drive prices up further in the near future.
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