In 2024, real estate transactions involving foreign buyers in Spain reached 92,958, marking a 6% increase from the previous year and a 38% rise compared to the 10-year average. These figures indicate that the post-pandemic boom was not short-lived. While demand from non-residents declined in 2023, it rebounded in 2024.
The British remain the top buyers in Spain, accounting for 8,728 transactions, followed by Germans and French. Russian buyers ranked 9th, with 2,267 transactions.
Sales to Dutch, Polish, and American buyers saw the highest increases, rising by 38%, 18%, and 13% respectively. In contrast, purchases by Norwegians, Russians, and French declined by 63%, 17%, and 14%.
The last quarter of 2024 was particularly strong for the Spanish real estate market. Foreign buyers closed 24,985 deals in Q4, reflecting a 27% rise from the previous year and a 49% increase compared to the decade-long average. This made it the best quarter ever for foreign property sales.
Notably, the growth in foreign demand accelerated each quarter, positioning the market for a strong start in 2025.
