Despite their share having fallen in the second half of 2025, foreigners account for more than 18% of property sales in Spain, with British and Moroccan buyers playing a prominent role, accounting for 7.8% and 7.7% of total transactions respectively. In the Balearics, foreigners bought 5,601 homes in 2025, 8.4% fewer than the previous year, representing 36% of the 15,516 homes sold on the islands, according to data from the General Council of Notaries.
In the case of non-residents, their transactions are mainly concentrated in the Valencian Community, with 9,926 transactions, accounting for 40% of the total. They also opt for Andalusia (25.3%), Catalonia (8.7%), the Region of Murcia (7.8%), the Canary Islands (7.4%) or the Balearics (6.9%), according to the Notarial Council.
Among non-resident foreigners, the countries with the greatest share of sales were the Netherlands (12.6%), Germany (11.9%), the United Kingdom (11.5%) and Belgium (8.1%). The Netherlands accounted for a substantial proportion of its transactions in the Valencian Community (16.3%), Murcia (15.9%), Andalusia (13.7%) and Aragon (4%). Germans accounted for a considerable proportion of sales in the Balearics (52.6%), Cantabria (24.4%), the Canary Islands (20.6%), Galicia (13.3%) and Asturias (11.8%).
Buyers from the United Kingdom opted mainly for Murcia (29.8%), Navarre (20%), Andalusia (16%), Cantabria (9.8%) and the Valencian Community (8.8%); and Belgians favoured Murcia (14.1%), Aragon (12%), Extremadura (12.1%) and the Valencian Community (9.8%). Among resident foreigners, Catalonia leads the market with 9,004 transactions (21.5% of the total), followed by the Valencian Community (21%), Andalusia (14.7%) and Madrid (9.6%).
Castile-La Mancha (5.6%), the Canary Islands (4.4%) and Murcia (4.2%) accounted for a moderate share. Among residents, Morocco was the country with the highest number of sales (12.1% of the total), with a particularly strong presence in Murcia (35.1%), Navarre (32.1%), Aragon (21.9%), La Rioja (25.8%) and Extremadura (23.1%).
Italy was the second-largest nationality in terms of transaction volume (9.2% of the total), with a significant presence in the Canary Islands (26.2%), the Balearics (14.6%), the Community of Madrid (13.8%) and the Valencian Community (7.8%). Romania, accounting for 9.3% of transactions, was most prevalent in Castile-La Mancha (25.9%), Aragon (25.2%), La Rioja (21.3%), Extremadura (16.5%) and Castile and León (14.2%).
The United Kingdom ranked fourth (5.6%) and was particularly prominent in Andalusia (11.6%), Murcia (11.6%), the Balearics (8.9%) and the Valencian Community (7.1%). The highest number of transactions in the second half of 2025 was recorded by the United Kingdom, with 5,178 transactions (7.8% of the total), followed by Morocco with 5,154 (7.7%), Italy (4,397, 6.6%), Germany (4,351, 6.5%) and Romania (4,339, 6.5%). The group comprising the remaining non-EU buyers carried out 8,213 transactions (12.3% of the total).
When analysing the largest increases in transactions compared to the same half of 2024, the most notable rises were in Portugal (15.9%), Venezuela (14.4%), Colombia (10.4%), Italy (8.1%) and the Netherlands (5.6%). Conversely, there were significant declines in Russia (28.6%), China (22.9%), Norway (19.3%), Belgium (17.5%) and the United Kingdom (14.4%) following the end of the Golden Visa scheme and tax penalties for non-EU nationals.