In the first half of 2025, citizens of other countries purchased 71,155 residential properties in Spain, exceeding last year’s figure by 2%. The share of foreigners in the overall sales structure reached 19.3%. The British continue to lead in the number of transactions (5,731 deals), followed by citizens of Morocco (5,654) and Germany (4,756).
This is reported by Finway
Record Growth in Demand Among Ukrainians
Ukraine has set a new record: in the first six months of 2025, Ukrainians acquired 2,165 real estate properties, marking the highest figure recorded to date. In addition to Ukrainians, historical highs were also reached by citizens of the USA, Portugal, Italy, Morocco, Colombia, and the Netherlands.
“Ukraine has demonstrated historical highs: in six months, 2,165 housing purchases were registered by Ukrainian citizens, setting a record in the observation series.”
Housing Prices in Spain Continue to Rise
Most transactions involving foreigners are recorded in coastal regions and on islands. Americans pay the most for real estate—an average of €3,465 per square meter. Ukrainians spend approximately €1,832 per square meter, while Moroccans spend €747. It is worth noting that the number of transactions involving citizens of the Russian Federation has decreased by 17.4% and remains below pre-war levels; Russians do not rank among the top ten most active buyers.
In October 2025, the average price of secondary housing in Spain reached a record high of €2,555 per square meter, which is 15.7% higher than last year and 1.5% higher than in September. The national housing price index rose by 12.7% in the second quarter compared to the same period last year, while prices in the secondary market increased by 12.8%.
The main factors driving up prices are a shortage of supply, sustained demand in coastal regions and on islands, as well as significant activity from foreign buyers. According to Spanish experts, if the number of new properties remains low, real estate prices in 2025 could rise by another 4–6%.