The Spanish property market is starting the year with a trend towards stability and a forecast for investment growth of between 5% and 10% compared to the previous year. According to data from the Spanish Association of Real Estate Franchisors (AEFI), the annual investment volume could range between €19 billion and €20 billion, with commercial activity amounting to around 800,000 property sales transactions.
The sector’s positive performance is mainly underpinned by the stabilisation of interest rates and robust demand from both domestic and international buyers.
Leonardo Cromstedt, president of AEFI, points out that there is a persistent imbalance between the supply of available properties and actual housing needs, which remains the main structural challenge for the market. Despite this shortfall, the first quarter of the year has seen active investment flows and a trend towards the normalisation of transactions.
Spain retains its position as an attractive destination for residential and institutional investment within the European context. This appeal is reinforced by factors such as the recovery of the tourism sector and the expansion of new housing models, notably co-living and residential tourism.
This sector is represented by organisations such as AEFI, which brings together seven estate agency chains: Alfa Inmobiliaria, Century 21, Comprarcasa, Keller Williams, Look & Find, Redpiso and Remax. Together, these companies operate through a network of over 700 branches across the country and employ more than 6,600 professionals.
