Spain is the 2nd Most Visited Country in the World with 90 million Tourist in 2024 vs 85.1 million in 2023. Renowned for its Mediterranean lifestyle, Spain offers excellent weather, a relaxed pace of life, and its healthcare and education systems are among the best globally.
Located at the crossroads of Europe, Africa, and the Americas, Spain serves as a gateway for international trade. Its proximity to key global markets makes it an attractive hub for export-oriented businesses and multinational corporations.
Spain’s real estate market, particularly in urban and Mediterranean coastal areas, offer significant investment potential. Competitive prices compared to other European countries and the U.S., with growing demand, both local and international, enhance its appeal for foreign investors.
Spain’s Booming GDP is growing 6x Faster than EU GDP with €92 Billion In Tourist Revenue in 2023 (13% of Spain GDP).
Barcelona region received a massive €9.6 billion tourist expenditure in 2023 (14.7% increase from 2019) with a local GDP 8.2% higher than before the pandemic. The city also has a significant rise in foreign investment in the region and a dynamic job market in strategic sectors, being the #1 Hub in the Tech sector in southern Europe.
The Real Estate market in Spain is projected to have a compound annual growth rate (CAGR) of 6.1% from 2024 to 2032.
New residential developments estimated to appreciate 12-15% in 2025.
Demand averaging 2.56 homes for every new home built
Current market requires the development of 500,000 new residential properties to meet existing demand.
From 2009 to 2024, foreign investment in real estate has surged 275%, reflecting growing international confidence in the sector’s stability and profitability.
In 2024, foreign buyers (EU and Non-EU citizens) accounted for 15% of the total transaction volume, driven by competitive pricing, favorable exchange rates, and tax benefits.
Annual year-over-year deficit of 140,000 new homes, driven by a yearly demand of 230,000 new units against a supply of only 90,000 new units, highlighting the critical need for new developments.
Total sales transactions of new residential development properties rose 13.2% Q1-Q3 in 2024, a 37.5% growth from 2023.
High and Steady Growth Opportunity:
The Real Estate Demand Outpaces Supply
Global Investors Drive Real Estate Boom
New Housing Development, The Real Opportunity
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