Real Estate

The real estate sector in Spain attracts an investment of around 12,000 million euros per year. Following the end of the financial crisis, the economic recovery, more affordable financing, and high liquidity in general, make the real estate sector in Spain the main target for institutional investment and family wealth. Current investment is led by international capital that has entered with greater conviction at the beginning of the current cycle and that, according to experts, still has some way to go.

The sector offers products of interest to very different investor profiles, such as housing for seasonal or tourist rental use, or the management of housing for student rentals, a sector that is gradually opening to small capital.

Although any investment requires a corporate structure, it is a fact that real estate investment can be channelled directly by individuals or through simple and direct investment vehicles such as an S.L. or through more complex corporate forms, as the SOCIMI. Of course, this depends on the volume of the investment, the investor profile and targeted assets.

With our specialized team, we advise our clients and put at their disposal our commitment, resources, knowledge and contacts, so that they can find the asset and the means that best fit their real estate investment objectives.


The real estate sector in Spain is one of the sectors that has historically contributed most to the country’s development. According to some estimated figures, real estate investment during 2021 reached 12,000 million euros, which represents an increase of 33% compared to 2020.
Within the real estate sector, retail sales, aimed at individuals (individuals or families, even small companies) who decide to invest in real estate, represent between 37% and 40% of investment in this sector.

The autonomous communities with the highest number of home sales were Andalusia (33,186), Catalonia (26,038), Valencia (24,906) and Madrid (21,777).

In the last twelve months, 626,345 sales and purchases have been registered, the highest level since mid-2008, with a year-on-year growth of 29.8%.
The percentage of home purchases by foreigners has registered the highest level in recent years with 14.66% of total sales.
This scenario shows that the upward trend in investment continues, which in 2021 recovered again after the decline in the worst months of COVID in the previous year.


Regarding Portugal, experts forecast that during 2022 commercial real estate investment in the country will reach the figure of €3 billion, close to pre-pandemic values (€3.75 billion in 2019).
During the first quarter of 2022 the average house price grew by 12.9% year-on-year. In this period, 43,544 homes were sold, of which 5.9% were purchased by buyers with a foreign tax domicile.
Furthermore, in 2021 there were 165,682 home sales and purchases, 20.5% more than the previous year, and although the economic context was still conditioned by the pandemic situation, housing prices continued to experience progressive growth that is expected to continue in 2022.