Spain: a booming real estate destination for investors
Spain remains a top priority for international real estate investors, climbing the ranks as one of the most attractive destinations in Europe. According to the “European Investor Intentions Survey 2025“ by consulting firm CBRE, our country has risen to second place in the ranking of preferred European investment destinations, surpassed only by the United Kingdom. This ascent, positioning Spain ahead of countries such as Poland and Germany, highlights the strength of the sector and its ability to attract foreign capital, supported by key factors such as economic dynamism, booming tourism, and demographic growth.
Madrid and Barcelona, the epicenter of investment
For the second consecutive year, Spain is the only European nation with two cities among the most attractive for real estate investment. Madrid has climbed to second place in 2025, after ranking third the previous year, while Barcelona has made a significant leap to fourth place, improving by three positions compared to last year.
This development reflects renewed interest in the Spanish real estate market. According to CBRE, both Madrid and Barcelona have gained relevance in recent years, going from not appearing in the ranking in 2021 to occupying leading positions today.
In the same vein, Savills ranks Spain as the most promising destination for investors in Europe, followed by the United Kingdom and France. With a projected 23% growth in real estate investment across the continent, Spain holds a prominent position among international investors seeking assets valued between 20 and 60 million euros.
Which sectors attract the most investment?
Both reports agree that investors have increasingly focused on the residential and logistics sectors, while also showing growing interest in other segments.
CBRE’s analysis identifies residential real estate as the most attractive option, with 32% preference, followed by logistics (27%) and offices (16%). Within the residential segment, investment trends focus on multifamily / build-to-rent (BTR), favored by two-thirds of investors, and student housing, which attracts 20% of investors. In logistics, most investors opt for modern assets in major cities, while in the office segment, demand leans toward high-quality properties in prime locations.
According to Savills’ survey, residential and logistics remain the preferred investment sectors, with rising demand for offices in financial districts, hotels, data centers, and retail properties. Additionally, 45% of respondents expressed willingness to take on greater risk, surpassing the 28% recorded the previous year. This shift reflects growing competition for higher-quality assets and a declining supply of new developments.
Forecast: 15% growth expected in 2025
Expectations for the Spanish real estate market in 2025 are optimistic. According to Savills, real estate investment in Spain could reach €214 billion, representing a 23% increase from the previous year. This surge is largely driven by a shift in investor sentiment, fueled by expectations of interest rate cuts.
In 2024, total investment volume across Europe reached €174 billion, marking a 17% year-over-year increase. Furthermore, in the last quarter alone, investment totaled €53 billion, up 31% from the same period in 2023, confirming an upward trend.
CBRE, on the other hand, predicts a 15% increase in investment, reaching a total volume of €16 billion, compared to the €14 billion recorded in 2024. According to the consulting firm, most investors anticipate a sustained market recovery. While 23% of respondents already perceive signs of recovery, more than 70% expect full recovery by the end of 2025. This optimism is reflected in investment intentions, as 92% of respondents plan to maintain or increase their purchasing activity, and over 75% plan to maintain or expand their sales operations.
With strong growth projections and a full recovery expected by late 2025, the sector finds itself at a pivotal moment. For investors seeking opportunities in a dynamic and forward-moving market, Spain remains a safe bet for the year ahead.