The President of Spain, Pedro Sánchez, has proposed a tax increase of up to 100% of the property's value for non-EU buyers who are not residents of Spain.
In response to this proposal, the American real estate network Keller Williams anticipates a 6% decline in property sales along the Spanish coast, as international investors are expected to account for 31% of real estate transactions in 2024, according to the company.
Keller Williams states that the president's proposal would primarily impact properties located along the Mediterranean coast, specifically in the Balearic Islands, the Valencian coast, the Catalan coast and the Costa del Sol.
“The Spanish real estate market has become a magnet for international investors, who are drawn to our country’s unique combination of profitability, climate, food and quality of life,” says Leonardo Cromstedt, president of Keller Williams Spain.
Rise of international buyers
The company confirms that demand for housing in Spain from international buyers has risen by 30.7% compared to 2019, the last year before the pandemic, highlighting growing foreign interest in the country.
Furthermore, Keller Williams reports a 7% increase in sales to international buyers in 2024 and estimates that these investors will account for 15% of the total real estate transactions.
Limited impact
The company emphasises that “despite good intentions, such measures may have a limited impact on the housing access issues faced by the local population.” According to Keller Williams, international buyers are mainly focused on luxury homes, which do not directly compete with more affordable housing.
The real estate network also points out that this measure could reduce the competitiveness of the Spanish property market in comparison to other European destinations, such as Portugal and Greece. They believe it could harm Spain’s overall appeal to international investors, negatively affecting regions that heavily rely on residential tourism and the luxury market.
“Spain must strive for balanced policies that attract future, non-speculative investment while protecting local residents, without undermining a vital driver of our economy,” concluded the president of Keller Williams Spain.
Where foreigners are buying property in Spain in 2025
The British remain the largest group of foreign homebuyers in Spain, but interest is growing among citizens of other countries, including Germany, France, the Netherlands and Italy, particularly for properties on the Mediterranean coast, the main draw for foreign buyers.
The 10 Spanish provinces where new-build prices continue to rise
Spain’s new-build housing market is undergoing a boom. A combination of high demand, limited supply and rising prices has driven some provinces to record unprecedented growth over the past decade, culminating in 2024.
Affordable new-build apartments for sale on the Spanish coast
Looking to invest in a new home? Now is the perfect time to buy a brand-new property in Spain. We’ve curated a selection of the best new-build apartments for sale along Spain’s stunning coastline, all priced under 300,000 euros – offering affordable yet high-quality coastal living.
Buying a new build on the Spanish coast: mission impossible in 2025
Purchasing a new-build property on the Spanish coast in 2025 is becoming increasingly challenging. Rising prices, limited availability, complex regulations and strong demand make the market tough for buyers. Successfully securing a coastal home now requires patience, thorough research and expert guidance.
Buying off-plan in Spain: a complete guide for foreign buyers
For many foreigners, owning a property in Spain is a lifelong dream—whether it’s a holiday apartment on the coast, a retirement villa, or an investment opportunity. One increasingly popular option is buying off-plan in Spain: purchasing a property before it has been completed, or even before construction begins.
Speedy sales: 13% of Spanish homes sold in under a week in Q2
Thirteen per cent of the homes sold through idealista in the second quarter of 2025 found a buyer in less than a week, according to a study by idealista, Southern Europe’s leading real estate marketplace. A further 25% sold within one week to one month, 26% between one and three months, 27% between three months and a year, and 9% after more than a year on the market. The share of properties sold in under a week – known as “express sales” – has dipped slightly compared with last year, d
Sierra Blanca Estates to deliver 370+ subsidised homes in Marbella and Málaga
Sierra Blanca Estates has reinforced its social commitment with plans to build more than 370 social housing units in Málaga and Marbella. The Marbella-based developer, best known for its luxury projects, is launching three new residential schemes designed to improve access to housing on the Costa del Sol, underlining its commitment to sustainable urban growth and corporate responsibility.