Foreign buyers are betting on real estate and private capital

The purchase of homes by foreigners has continued to rise in Spain.
country in 2024. Citizens from countries such as the USA, Portugal, Italy, Morocco or
Ukraine have acquired more property than ever before, while the average price of property in the
have paid has reached record highs, due to the threat of the elimination of the golden visa.
Many buyers apply for mortgages to finance the transaction,
with executives and entrepreneurs being the most prominent profiles. The areas
Coastal areas remain the preferred choice, especially for second homes,
while Madrid stands out in the luxury segment.
The Land Registrars also show that foreigners have
a marked preference for purchasing larger dwellings than those in the
domestic buyers, with 34.5% of the purchases corresponding to
properties of more than 100 m2.
"This consolidated trend has to be understood in parallel to the rise of the
of alternative financing with private equity," says Alfonso Merlos,
Vice President of DEXTER, who adds: "On the one hand, within our specialisation and
our leadership as financial intermediaries and managers, a large part of our
clients are foreign developers and builders, particularly based in
coastal areas. On the other hand, a similarly high percentage of the dwellings whose
construction and development we are contributing to finance are purchased by
foreign customers. In short, it is a virtuous spiral that needs to be understood.
in a circular fashion," Merlos says.