
Spain is quickly becoming Europe’s economic powerhouse, and its real estate market is riding this wave with confidence. If you’ve been considering buying property in Spain—whether as a holiday home, investment, or rental—this could be your golden opportunity.
Spain: The New Economic Leader of Europe
In 2024, Spain topped the European growth charts:
GDP growth: +3.2% (well above the eurozone average of 0.9%).
Outperformed Europe’s three largest economies:
- Germany: –0.2%
- France: +1.1%
- Italy: +0.7%
Spain’s growth isn’t slowing either:
In Q4 2024, the economy grew by a strong +0.8%.
What’s Driving Spain’s Boom?
1. Robust Domestic Spending:
Household consumption rose +1%, government spending +0.3%, and investments soared +2.9%.
2. A New Golden Era of Tourism:
94 million tourists visited Spain in 2024—up 10% from the previous year.
Tourism now accounts for a remarkable 13.2% of Spain’s GDP.
3. Labor Market Strength:
Unemployment has dropped to 10.6%—its lowest level since 2008.
4. Smart Use of EU Recovery Funds:
Spain has tapped into €47.6 billion in EU recovery funds by the end of 2024, investing heavily in infrastructure and business growth.
In fact, 45% of Spanish businesses relied solely on these funds for investment.
Real Estate: Strong, Stable & Growing
Spain’s property market is booming:
- Average property prices rose by +5.8% in 2024.
- Actual sale prices (transaction prices) surged by +8.4%—showing strong buyer competition.
This indicates that many buyers are now willing to pay close to, or even above, asking prices in certain regions.
Financing conditions have also improved:
- Interest rates have moderated.
- Mortgage lending is increasing.
- Experts predict continued—but healthy—growth into 2025, with no signs of a housing bubble.
How Does This Compare to the UK?
While Spain is thriving, the UK faces more subdued conditions:
- UK economic growth has remained sluggish compared to Spain’s rapid pace.
- The UK property market has faced cooling demand due to higher interest rates and economic uncertainty.
- Meanwhile, Spain offers not only higher capital appreciation potential but also stronger rental returns, especially in tourist hotspots like Marbella, Málaga, Valencia, and the Canary Islands.
- Moreover, many British investors are looking abroad post-Brexit, and Spain—with its robust economy and attractive lifestyle—is often their top choice.
Who Should Consider Buying Now?
our Goal |
Recommended? |
Why? |
---|---|---|
Long-Term Investment |
✅ Yes |
Steady growth, tourism, strong EU funding |
Rental Income / Airbnb |
✅ Yes |
Booming tourism, high rental demand |
Holiday Home |
✅ Yes |
Excellent lifestyle, long-term value |
Quick Resale (Flipping) |
⚠️ Caution |
This is a long-term market, not for flipping |
Why Choose Move2Marbella?
We don’t just sell properties—we help you make smart, strategic investments.
With local expertise and full English-language support, we’ll guide you through every step of your property journey.
👉 Act smart, invest now—Marbella is waiting for you!