Spanish property investment up 10% in 2024
The Spanish real estate sector has become one of the most attractive areas for investors in 2024, showing a 10% increase in investments compared to the previous year. The most noticeable activity was in provinces such as Barcelona, Madrid, Malaga, Valencia, Alicante, Seville, Murcia, Girona and the Balearic Islands. These regions, thanks to their economic potential, tourist attractiveness and favorable living conditions, have become a magnet for capital from both local and international investors.
A particularly significant surge in activity was recorded in the first half of the year. This is due to the announcement of an increase in interest rates by the European Central Bank, which provoked an acceleration in the decision-making process on home purchases. Many investors sought to secure deals before the introduction of new, less favorable conditions for mortgage loans.
An additional growth factor was the increase in demand for secondary housing, which is explained by the attractiveness of the already completed infrastructure and lower risks for buyers. Investments in tourist real estate also continue to grow in popularity, especially in coastal areas and resort areas, due to the steady influx of tourists to Spain.
The country's government has also contributed to increasing the attractiveness of the market. A number of regional initiatives, such as tax incentives and rental housing support programs, have stimulated the activity of developers and investors. Against this background, experts predict further growth in the real estate market in Spain, especially in segments related to sustainable development, energy-efficient projects and adaptation of facilities for remote work.
