Spain continues to dominate as one of the top destinations for international real estate buyers, offering something for everyone — whether you’re relocating with family, retiring in a mild Mediterranean climate, or investing in a second home.
In 2024, Spain transitioned to the second most popular country, reflecting a slight shift in buyer preferences and narrowly trailing Italy in buyer inquiries. Despite this, the country showed steady growth, with a 6% increase in both buyer inquiries and median listing prices within the luxury real estate segment.
Heading into 2025, Spain stands as a powerhouse in the global property market, with sustained interest projected from key buyer nations, including the United States, United Kingdom, Germany, Netherlands, and France.
Where’s the best place to buy real estate in Spain? The answer depends on the lifestyle you’re after, as Spain offers a wealth of options to match a variety of preferences.
Ricardo SousaCEO of Century 21 Spain and PortugalSpain, particularly Madrid, has emerged as a global success story, with innovative programs and excellent management during the pandemic leading to strong market growth. In Spain, key growth areas include Madrid, Malaga, and the Canary Islands. International clients now seek properties that combine sustainability with luxury. Regions like Lisbon and Madrid are thriving, becoming doors to Europe for clients from South America and beyond.
JamesEdition Market Insights
According to JamesEdition’s market data, Spain’s iconic coastal regions remain in high demand. Hotspots like Costa del Sol in Andalusia, Costa Blanca in the Valencian Community, and the sought-after Balearic and Canary Islands continue to attract discerning buyers worldwide.
However, we’ve delved deeper and identified the top-performing locations within each autonomous community across the country.
Our top list highlights the Spain hotspots with the highest inquiry shares and strong year-over-year growth potential. New this year, we’ve introduced a ‘Rising Star’—the region experiencing the fastest surge in buyer interest over the past 12 months.
Whichever region you choose, refer to our Living in Spain guide for detailed information on the country’s lifestyle and expat communities, cost of living and tax system.
Best Places in Spain to Buy Property in 2025
1. Andalusia
#1: 24% of inquiries
Median listing price: €1,400,000
Hotspots in Andalusia by inquiries:
One of the most popular regions in Spain, Andalucía offers investors, second-home seekers, digital nomads, and ex-pats the ideal combination of beach and city living. Boasting one of the best year-round climates in Europe, there are many places to settle down along the 150-kilometer coastline.
Renowned hotspots such as Marbella, Benahavís, and Estepona offer world-class amenities, from championship golf courses to Michelin-starred dining, set against the breathtaking backdrop of the Mediterranean. Málaga, with its vibrant cultural scene and expanding infrastructure, is a thriving urban hub. Coastal enclaves like Benalmádena and Mijas charm with picturesque views and serene beaches, while Sotogrande stands out for its exclusivity and elite leisure facilities. Andalusia’s temperate climate, competitive property values, and strong rental market solidify its appeal on the global stage.
2. Balearic Islands
#2: 11% of inquiries
Median listing price: €1,740,000
Hotspots in the Balearic Islands by inquiries:
- Palma, Mallorca
- Santa Ponsa, Mallorca
- Soller, Mallorca
- Port d’Andratx, Mallorca
- Sant Josep de sa Talaia, Ibiza
- Santa Eulalia Des Ríu, Ibiza
People are attracted to the Balearic Islands for numerous reasons, including the well-developed infrastructure, relaxed outdoorsy atmosphere, and UNESCO-designated parks.
Mallorca, with its pristine golf courses and globally famous beaches, is awash with real estate hotspots, and the property market is buoyant and competitive. There’s the vibrant capital of Palma – full of contemporary bars and innovative restaurants – the traditional picture-postcard town of Andratx, and the idyllic village of Valdemossa. Additional locations worth considering include Santa Ponsa, Calvià, and Pollença. The island boasts an active community of artists, writers, and musicians, and draws people in with its creative energy.
Ibiza boasts a selection of impressive marinas, including Eivissa, Santa Eulalia, and Botafoch, alongside a wealth of activities such as cycling, hiking, and horse riding. For those seeking a vibrant nightlife, the island’s world-renowned nightclubs attract affluent visitors, celebrities, and iconic DJs during the summer months. Meanwhile, Ibiza’s quieter, more relaxed side offers an idyllic retreat for families and those looking to settle in a paradise steeped in history and culture. Notable areas like Sant Josep de sa Talaia and Santa Eulalia des Ríu exemplify the island’s serene elegance, offering privacy and natural beauty for the discerning buyer.
New listings in the Balearic Islands
3. Valencian Community
#3: 7% of inquiries
Median listing price: €900,000
Hotspots in the Valencian community by inquiries:
The Costa Blanca has oodles of appeal, making it one of the best places in Spain to buy property. Covering more than 200 kilometers of unparalleled Mediterranean coastline in the southeast of the country, the region is incredibly beautiful – dotted with picturesque coves, pine-covered mountains, and towering limestone cliffs.
Pros of buying a property along the Costa Blanca
- Spectacular landscape filled with beaches and bays
- Not overrun by tourists
- Flourishing ex-pat community
Cons of buying a property along the Costa Blanca
- Quieter atmosphere than other parts of the country (seen as a benefit by some)
- More expensive than other coastal regions in Spain
One of the most relaxed metropolises to settle down in, real estate in Valencia is cheaper than in Madrid and Barcelona. Other places in the Valèncian Community worth exploring are Xàbia, Alicante, Benissa, and Altea.
New Listings in the Valencian Community
4. Catalonia
#4: 5% of inquiries
Median listing price: €1,200,000
Hotspots in Catalonia by inquiries:
Catalonia stands out as a premier destination for international second-home buyers and real estate investors, combining cultural sophistication with coastal allure. Barcelona, the region’s cosmopolitan heartbeat, offers an unrivaled blend of historic charm and modern luxury, making it a prime choice for global elites.
Just a short drive away, Sitges exudes Mediterranean elegance, renowned for its vibrant arts scene and pristine beaches. Mataró, a hidden gem, balances urban amenities with a quieter lifestyle. Along the Costa Brava, Tamariu enchants with its unspoiled coves and upscale villas, while Tarragona boasts a rich Roman heritage and growing appeal among discerning investors.
5. Community of Madrid
#5: 3% of inquiries
Median listing price: €1,700,000
Hotspots in the Community of Madrid by inquiries:
The Community of Madrid stands out as a premier destination for discerning property buyers, offering a unique blend of cultural vibrancy, economic stability, and luxurious living. The capital, Madrid, boasts world-class amenities, a dynamic international lifestyle, and consistent real estate value appreciation.
Just beyond the city, exclusive areas such as Alcobendas and Pozuelo de Alarcón provide privacy, upscale residences, and proximity to top international schools and business hubs. Monteprincipe, with its expansive villas and lush surroundings, caters to those seeking tranquility without sacrificing convenience. This region’s strategic location, robust infrastructure, and enduring demand make it a cornerstone of Spain’s luxury property market.
New Listings in the Community of Madrid
6. Canary Islands
#6: 2% of inquiries
Median listing price: €1,000,000
Hotspots in the Canary Islands by inquiries:
Positioned off the northwest coast of Africa, The Canaries are home to eight main islands – the most popular are Tenerife, Gran Canaria, Fuerteventura, and Lanzarote. Featuring rugged volcanic terrain, black and white sand beaches, and a sub-tropical climate, the isles have plenty of appeal for people looking to settle in a new country, with each offering something different.
Pros of buying a property in the Canary Islands
- Inexpensive cost of living
- Sun and warmth
- Easygoing way of life
Cons of buying a property in the Canary Islands
- More prone to rain than other parts of the country
- Somewhat remote location
Top locations like Puerto Calero and Costa Adeje boast world-class marinas and exclusive amenities, while Adeje and Santa Cruz de Tenerife offer thriving cultural scenes and modern infrastructure. San Andrés, with its coastal charm, provides a serene escape. Together, these hotspots position the Canary Islands as an unparalleled investment in Mediterranean luxury.
New Listings in the Canary Islands
7. Emerging Destination: Galicia
Emerging destination spotlight: 5X growth in inquiries
Median listing price: €750,000
Hotspots in Galicia by inquiries:
Galicia, tucked in Spain’s verdant northwest, offers a compelling blend of natural beauty, cultural richness, and investment potential. Its rugged coastline, dotted with pristine beaches and charming fishing villages, is matched by a temperate climate that appeals year-round. In hotspots like Nigrán, with its exclusive seaside villas, A Coruña, a vibrant port city blending modernity with historic charm, and Pontevedra, known for its pedestrian-friendly old town, Galicia presents a unique value proposition.
Compared to Spain’s coastal powerhouses, real estate in Galicia remains attractively priced, offering exceptional opportunities for those seeking both lifestyle and long-term growth in an emerging luxury market.
Find your perfect property in Spain
Looking for the best place to buy a property in Spain? Browse JamesEdition’s selection of deluxe real estate in Spain, spanning sea-facing houses in Marbella, apartments overlooking the coast along the Costa Blanca, rural retreats and villas in Ibiza, countryside hideaways and coastal homes in Mallorca, city center condos in Valencia and Madrid, plus more.
Housing Market in SpainThe real estate market in Spain showcases an average listing price of $1,200,000, with a price range spanning from $490,000 to $70,000,000. The average price per square meter stands at $4,015/sqm.
The regions of Andalusia, Catalonia, the Valencian Community, the Community of Madrid, and the Balearic Islands emerge as highly sought-after destinations among second-home buyers.
