In a noteworthy development within the Spanish real estate market, Moroccans have emerged as the second-largest group of foreign homebuyers, recording a total of 5,154 property purchases during the latter half of 2025. This statistic highlights the strong presence of foreign investors in the Spanish real estate sector, despite an observable slowdown in market activities. According to data released by Spain’s General Council of Notaries, foreign buyers collectively acquired over 66,000 homes between July and December 2025, a figure that reflects a 4.4% decrease from the same timeframe in 2024.
The surge in foreign real estate purchases has predominantly been driven by foreign residents, who constituted nearly two-thirds of all transactions and demonstrated a 3.3% increase in annual activity. British buyers maintained their position at the top of the list with 5,178 transactions, followed closely by Moroccans, who were only 24 purchases behind. Italians made significant strides, ranking third in foreign home purchases, surpassing their German counterparts, while Romanians rounded out the top five.
Moroccan buyers have distinguished themselves as the most active demographic among foreign residents, accounting for an impressive 12.1% of all foreign purchases made by residents. Their purchasing activity has been particularly pronounced in regions such as Murcia, Navarra, Aragón, and Castilla-La Mancha. Conversely, Italians have shown a strong presence in the Canary Islands, Madrid, and Valencia, claiming the second position among foreign residents.
Despite their success, Moroccan buyers reported the lowest average price per square meter at €768, significantly below the overall average for foreign buyers. In stark contrast, Swedish buyers led the market with prices exceeding €3,600 per square meter. The data also indicated that non-resident buyers experienced a steeper decline of 15.1%, suggesting a cooling trend following the post-pandemic surge in real estate transactions. Overall, foreign buyers accounted for 18.4% of Spain's housing market during the latter half of 2025, a decrease from the previous year’s 19.5%.
Even with the downturn in transaction volumes, property prices continued their upward trajectory. The average price for properties purchased by foreign buyers reached an unprecedented €2,479 per square meter, reflecting a 5% increase year-on-year. Non-residents paid significantly higher prices, with an average of €3,242 per square meter, while foreign residents paid €1,963, both figures surpassing those paid by local Spanish buyers.
While foreign purchases have seen declines in prominent markets such as Madrid, the Canary Islands, and Andalusia, there has been an uptick in regions like Castilla-La Mancha and Extremadura, indicating shifting dynamics within the Spanish real estate landscape.
As reported by moroccoworldnews.com.
