Foreign investment continues to be a fundamental pillar of the Spanish real estate market. According to the latest data published by Registradores, corresponding to the third quarter of 2025, 13.58% of property sales in Spain were made by foreign buyers.
In the Canary Islands, the percentage rises to 25.3%, while by provinces it is lower in Las Palmas (21.49%) than in Santa Cruz de Tenerife (29.56%).
Only in Balearic Islands, with 29.46%, and the Valencian Community (27%) are the figures higher than in the Canary Islands. Following are Murcia (21.89%), Catalonia (15.05%), and Andalusia (12.96%).
In the north of the country, although the percentages are lower, a growing presence of foreign buyers is also observed. Asturias (7.01%), Galicia (2.48%), and the Basque Country (3.79%) show how foreign interest extends beyond traditionally tourist destinations, towards areas with more moderate prices and a higher quality of life.
At the provincial level, Alicante once again ranks first nationally, with 43.29% of property sales involving foreign buyers. It is followed by Málaga (31.84%), Santa Cruz de Tenerife (29.56%), the Balearic Islands (29.46%), Girona (24.21%), Murcia (21.89%), Las Palmas (21.49%), and Almería (17.59%).
“In provinces like Alicante, four out of ten homes are purchased by foreigners, while in Málaga or Santa Cruz de Tenerife the figure is around 30%. This data reflects the strong tourist component of the market and Spain's sustained appeal as a residential and investment destination,” explains Font, adding that “provinces like Barcelona (14%) or Madrid (7%) are less exposed in relative terms to this phenomenon,” points out Ferran Font, Director of Studies at pisos.com.
On the opposite end of the ranking, the ten provinces with the lowest percentage of sales by foreigners are: Badajoz (1.22%), Ourense (1.29%), Jaén (1.44%), Salamanca (1.66%), Álava (2.17%), Córdoba (2.30%), Coruña, A (2.47%), Seville (2.55%), Zamora (2.66%), and Albacete (2.70%).
