Mark Stücklin
French buyers continue to be an important part of Spain’s housing market, but the latest figures suggest their growth is modest compared to other foreign nationalities.
According to the most recent data from the Spanish Land Registrars, French nationals bought 1,242 homes in Spain during Q2 2025 — up nearly 10% year-on-year, AND 9% above their ten-year average. Over the first half of the year, they purchased around 2,556 homes, up 6% compared to the same period in 2024 and just 5% above the ten-year average.
Losing ground in relative terms
The French market is expanding, but more slowly than the wider foreign segment. While overall foreign demand grew by more than 11% in Q2 and 15% in the first half, French demand lagged behind both benchmarks. As a result, their market share slipped to 5.1% in Q2, close to its ten-year low and far from its peak of almost 9%.
Long-term trajectory weaker than peers
From a longer-term perspective, French demand has grown much more modestly than the foreign market overall. An index set at 100 in 2015 now stands at 137 for French buyers, compared to 216 for all foreign buyers. In other words, French demand has risen by just over a third in a decade, while foreign demand as a whole has more than doubled.
For buyers, this relative slowdown could mean fewer compatriots competing for the same homes, possibly softening conditions in French hotspots. For vendors and agents, it highlights the importance of diversifying beyond the French market, which has not kept pace with stronger growth from other nationalities.
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