Spain’s prime property market in fine fettle, according to the Dils Lucas Fox annual report

International estate agents Dils Lucas Fox have released their latest annual market report, offering an interesting snapshot of Spain’s high-end housing sector as we head into the new year.

The latest Dils Lucas Fox Market Report is out, offering one of the clearer reads on Spain’s high-end housing market as we head into 2026. It’s well worth a look if you’re active in the prime segment, or simply curious about what’s driving demand at the top end.

Lucas Fox’s vantage point

Barcelona-based Dils Lucas Fox is one of Spain’s leading luxury agencies with long experience in the international market and offices in all the main prime destinations. That gives them useful visibility into trends that don’t always show up in the national data. Their 2026 report suggests Spain’s upper tiers are holding up better than many expected.

Stronger than the European backdrop

Whilst various European markets have been slowing under the weight of higher rates, Spain continues to stand out. Home sales in the first half of 2025 hit their highest level in more than a decade, and prices rose faster than at any time in almost twenty years. Prime and super-prime homes are expected to notch up further modest growth in 2026.

The report highlights three themes. First, Spain has become something of a value play in Europe’s prime market thanks to competitive pricing and solid international demand. Second, supply remains tight, especially at the top end, with only around 14,000 homes above €2.5m on the market nationwide. And third, according to the company’s own sales, foreign buyers now dominate this segment, accounting for the majority of transactions and, in many cases, buying without financing.

A few trends to watch

Branded residences continue their march into the mainstream, with Spain now home to dozens of schemes and many more planned. Lifestyle expectations are rising too, with buyers increasingly focused on services, wellness features and flexible-use homes. Apartments remain the most popular choice, though large-plot villas and penthouses with outdoor space also attract strong interest.

A useful barometer

The Dils Lucas Fox report is a valuable snapshot of where the luxury market stands at the start of 2026: decent demand, limited supply and increasingly international buyers. Anyone watching the prime segment should find it a worthwhile read.

Get the report here.