Spain’s Real Estate Market on the Rise – Record Interest from Polish Buyers.”
Interest in buying real estate in Spain is growing among clients from abroad. Spain’s real estate market is experiencing a record level of activity, marking a milestone not seen in 15 years. Polish buyers, in particular, are showing significant interest in Spanish properties.
In 2022, Spain’s real estate market saw a record number of transactions, with approximately 700,000 homes and apartments sold. This represents an increase of over 6 percent compared to 2021 and surpasses expert forecasts by 200,000 transactions.
The remarkable 44 percent increase in the number of transactions is primarily driven by international clients, including Dutch, Norwegian, Irish, Ukrainian, and Polish buyers. A total of 95,000 properties were earmarked for them in popular locations such as Alicante, Barcelona, Madrid, and Malaga.
Polish buyers, in particular, have shown remarkable interest in Spanish properties, with a staggering 161 percent increase in activity. In comparison, Dutch interest increased by 81 percent, Norwegians by 71 percent, and Irish by 65 percent.
The surge in international interest in Spanish real estate is partially attributed to global events, such as Russia’s invasion of Ukraine. Spain has emerged as a safe and attractive investment destination for many individuals.
Costa Del Sol, known as a base for tourists from around the world, including Poland, is particularly popular. The region continues to develop its culinary, hospitality, and cultural infrastructure, making it appealing not only to future residents but also to investors.
As of late 2022, the price per square meter of real estate in Spain stood at 1,700 euros. Local experts predict that prices will increase by 6 percent from 2023 to 2025, reaching 1,800 euros per square meter.
There has never been a better time to invest in the Spanish real estate market than now. With interest in Spanish real estate reaching historic levels, we can assist you in finding your dream property. Contact us today to explore the possibilities!