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10月 24, 2025

Foreign demand for Spanish property climbs despite tax headwinds

Foreign demand for Spanish property climbs despite tax headwinds
Data published by Spain’s Notaries Association and reported on 23 October 2025 show that overseas buyers purchased 71,155 homes in the first half of the year—up 2 percent year-on-year. British nationals remained the top purchasers, followed by Moroccans and Germans. The Canary Islands, Madrid and La Rioja posted the steepest price increases.

The uptick is striking given government plans to hike taxes on non-EU buyers and the European Commission’s warning over discriminatory statutes. Analysts attribute resilience to a weaker euro, Spain’s digital-nomad visa and remote-working trends that make sunshine destinations attractive to knowledge workers.

For mobility managers the figures confirm tight competition for rental housing in hotspots. Assignees bound for Madrid or the islands should expect higher budgets and earlier home-finding trips. Employers may also see more staff requesting mortgage advice or property-purchase support in relocation packages.

Industry lobbies argue that foreign capital funds renovation and job creation; housing activists counter that external demand inflates prices for locals. The fresh data will feed into parliament’s ongoing debate over a proposed 100 % surcharge on speculative non-resident purchases.

Companies with transferees in Spain should watch for sudden regulatory shifts that could affect property taxes, ownership rights or short-term rental licences.
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