Europeans, Latin Americans and Americans investing in Catalonia housing

According to the Association of Registrars, foreign demand for housing in Spain has slightly decreased in percentage terms but remains stable, accounting for 14.1%, still at the higher end of the historical range. Eight autonomous communities reported quarterly increases in the share of home purchases by foreigners. The highest proportions are found in the Balearic Islands (30%), Valencian Community (28.3%), Canary Islands (24.6%), Murcia (20.4%), Catalonia (15.6%) and Andalusia (14.2%).

Catalonia offers an unbeatable mix: excellent quality of life, a Mediterranean climate, strong air and rail links, modern infrastructure, robust healthcare and a vibrant cultural and culinary scene.

Barcelona, in particular, is a global city that blends tradition with modernity, making it a sought-after destination for living and investing, says Damian Hecht, partner at high-end real estate firm Walter Haus.

He adds, “The Catalan property market provides security for foreign buyers and strong demand for both sales and rentals, enabling investors to secure reasonable returns while safeguarding their capital.”

What types of foreign buyers are investing in Catalonia’s housing market?

The profile of foreign investors in Catalonia has evolved notably in recent years. Damian Hecht identifies two main types of buyers: high-net-worth individuals, mainly from Northern Europe (France, Germany, the Netherlands, Belgium, the UK) and the United States, seeking second homes or secure asset investments; and upper-middle-class international buyers, digital nomads, entrepreneurs and families, looking to settle in Barcelona or attractive coastal areas.

Rebeca Pérez, CEO of Inviertis, highlights European investors from countries like France, Germany, the Netherlands and Belgium, who seek stable investments with immediate net returns in established urban areas. These experienced investors value legal security, euro stability and the region’s tourist appeal, often planning to hold their investments until retirement or for holiday use.

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There is also the Latin American profile, which blends investment with the desire for a “plan B” or a gateway to Europe. “Many purchase already rented properties, aiming for immediate returns while keeping future residence or their children’s relocation in mind.”

They seek already rented properties offering strong rental yields

When selecting a home, international investors typically seek well-located properties with high-quality finishes, outdoor space such as a terrace, abundant natural light and modern layouts. “In Barcelona, renovated flats in stately Eixample buildings or penthouses with panoramic views are especially prized,” explains Damian Hecht.

Along the coast – in areas like the Costa Brava and Maresme  – detached villas or sea-view apartments in gated communities with swimming pools are favoured. He adds, “There’s also rising interest in sustainable, energy-efficient homes, and some investors prioritise properties suitable for short-term or holiday rentals, particularly if they don’t plan to live there permanently.”

At Inviertis, the standout product for this buyer is already rented housing offering strong returns. Typically, these are flats between 60 and 90 m², with two or three bedrooms, located in well-maintained buildings, preferably with reliable tenants and current contracts.

“More experienced investors also seek properties with good potential for capital appreciation,” he adds.

Near the sea

As investors look to monetise their properties, key areas in Catalonia include Barcelona city – particularly districts like Eixample, Sants-Montjuïc, Les Corts and Sant Martí – “where strong rents align with steady rental demand,” says Rebeca Pérez. Metropolitan zones such as L'Hospitalet, Badalona and Sabadell also draw interest, offering gross yields exceeding 6%.

Coastal destinations like Sitges, Castelldefels and Cadaqués remain popular with foreign buyers seeking tourism and second-home opportunities.

In addition to Barcelona, the Walter Haus expert points out:

• Costa Brava: towns like Begur, Calella de Palafrugell, Sant Antoni de Calonge and Sant Feliu de Guixols, for their Mediterranean charm, privacy and high-end housing.
• Maresme: municipalities such as Alella, Sant Andreu de Llavaneres, and Cabrils, attractive for their proximity to Barcelona and peaceful lifestyle.
• Sitges: very popular with European and North American buyers for its cosmopolitan atmosphere and quick access to Barcelona.

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