SPAIN CONSOLIDATES ITS POSITION AS A PRIME DESTINATION FOR FOREIGN BUYERS

This article is based on the European Summer Report 2025 and an exclusive interview with Bruno Rabassa, CEO of Berkshire Hathaway HomeServices Spain. Through his insights and the report’s data, we explore the key trends shaping Spain’s real estate market in 2025—from pricing evolution in hotspots like Madrid, Málaga, and Costa Blanca to the growing role of remote work and luxury communities in driving international demand.

Golden Visa ends, but demand stays strong

One of the most significant developments this year has been the termination of Spain’s Golden Visa program, which granted residency to non-EU nationals in exchange for property investment. Yet, international interest shows no signs of fading. Bruno Rabassa, CEO of Berkshire Hathaway HomeServices Spain, confirms that global buyers remain highly engaged, with Americans increasingly exploring opportunities beyond traditional hotspots like Barcelona—especially in areas such as Costa Blanca.

Costa Blanca leads the foreign investment market

Costa Blanca has become the busiest region for foreign real estate activity, with average condo prices at €350,000 and single-family homes around €1,200,000. Buyers mainly come from the Netherlands, Germany, the UK, and the US, often seeking sea views, pools, and watersport access. Located in Alicante province and just 2.5 hours by train from Madrid, Costa Blanca combines convenience, affordability, and a lifestyle focused on health and leisure.

Remote work trend boosts rental markets in Málaga and Marbella

The digital nomad visa is fueling demand for mid- and long-term rentals in Málaga and Marbella. These southern Spanish coastal towns offer a laid-back lifestyle, modern amenities, and excellent weather. Rabassa notes that digital nomads usually rent instead of buy, staying for a few years while working remotely. Málaga, in particular, has seen rising demand thanks to its growing reputation as a safe, comfortable, and livable city.

Madrid surges despite limited supply

Madrid is now a top hotspot for international property buyers. Prices have increased 15–20% annually, reaching €1.05M for condos and €3M for single-family homes. Rabassa reports that 90% of their Madrid transactions last year involved foreign buyers, many seeking classic buildings with modern amenities. Despite rising prices, low inventory continues to push values higher and reinforce buyer urgency in the capital.

Luxury communities like Sotogrande set the tone

Luxury gated communities are increasingly popular across Spain. Sotogrande in Andalusia stands out as a prime example, modeled after California’s upscale coastal enclaves. Today, Sotogrande properties can reach €20M and offer elite features like private golf courses, yacht marinas, art galleries, and equestrian centers. Rabassa concludes that "the best time to buy in Spain is now", due to the limited inventory and rising international demand.

You can read the full European Summer Report HERE.