Spain’s property market remains firmly on the radar of international buyers, with sales of second homes to foreign nationals increasing by 2% in 2024, according to the latest data from the College of Registrars. The figures confirm Spain’s continued appeal as a destination for lifestyle-driven investment, particularly along the Mediterranean coast and island regions.
The data shows that nearly 63,000 second homes were purchased by international buyers in 2024, representing 45% of all foreign property transactions in Spain. This upward trend reinforces the enduring popularity of Spanish real estate among non-resident Europeans and overseas investors seeking a safe, sun-drenched retreat.
The most sought-after areas remain the Balearic Islands, Canary Islands, the Valencian Community, Murcia, and Andalucía. These regions account for over 80% of all foreign second-home purchases, driven by their favourable climate, beachside lifestyle, and well-established infrastructure for expats and international residents.
Andalucía, and particularly the Costa del Sol, continues to be one of the top-performing destinations. Marbella, Estepona, and the surrounding municipalities remain in high demand thanks to a combination of luxury property offerings, international schools, proximity to Malaga airport, and a robust market for both resale and new developments.
British buyers retained their position as the largest group of foreign second-home purchasers, followed by German, French, and Belgian nationals. The report also notes a growing share of Nordic and Dutch buyers, as well as a noticeable increase in interest from Polish and American investors — many of whom are entering the Spanish market for the first time.
This shift toward second-home ownership reflects broader lifestyle changes post-pandemic, where remote work and flexible living have prompted a reassessment of how and where people want to spend their time. For many, a second home in Spain now serves not only as a holiday retreat but also as a base for extended seasonal stays or hybrid work arrangements.
As Spain continues to attract international investment, second homes are proving to be a key component of the market’s resilience. With stable pricing, continued infrastructure improvements, and attractive long-term value in coastal areas, Spain is expected to remain a top-tier destination for foreign property ownership in 2025 and beyond.