The American market for property in Spain
Data and analysis of the American market for Spanish property in periodic reports highlighting key trends of interest to anyone looking to buy or sell property in areas of Spain where home buyers from the USA are active in the local real estate market.
How many U.S. citizens buy residential property in Spain each year and what is the growth rate? Why do Americans buy homes in Spain? When it comes to residential real estate, which regions of Spain attract house-hunters from the USA? And how much do American’s spend on property in Spain? These questions and more are answered in the reports below on the American market for property in Spain.
Here you will find both annual and half-yearly reports into the American market as they become available. The annual report will provide a detailed analysis of U.S. home-buyers in Spain, whilst the half-yearly report just updates the main charts with the latest numbers. The first annual report will be published in the first half of 2025 when the figures are available to produce a detailed report on U.S. demand for property in Spain during 2024.
Subscribe to the Data Hub to get access to all the public data on American demand for properties in Spain, and many other trends in the Spanish housing market.
2024 H1
1,363 Spanish home sales witnessed by notaries in the first half of 2024(H1) involved an American buyer, up 13pc on the same period last year and the highest number on record.
Compared to other countries that are sources of foreign demand for property in Spain, the USA is relatively small market but still big enough to place in in the top twenty foreign markets for property in Spain.
However, what American buyers lack in numbers they made up for in growth in the first half of 2024, with the third-highest rise in acquisitions, behind only Poland and Ukraine.
The market share of buyers from the U.S. rose to 2pc of all foreign buyers in the first half, up from 1.8pc a year before.
Where do Americans buy property in Spain? They have become one of the top foreign buyer groups in areas like Madrid, Castilla-La Mancha, Castile & Leon, La Rioja, and the Basque Country, a surprising shift since pre-pandemic times. While these regions have relatively low foreign-buyer numbers, Americans are making their presence felt.
However, the biggest markets for American demand are likely to be Malaga province (Costa del Sol), Barcelona, and Madrid, in that order, although official data is lacking for these specific areas
