The sale of free housing by foreigners decreased by 13% in the first half of the year, its largest drop since 2020, a decrease that in the Canary Islands has been 20.3%, and reached 62,327 operations, 18.3% of the total, maintaining its downward trend.
According to data from the General Council of Notaries, with this new adjustment, transactions carried out by foreigners are below the 19.2% they represented in the same period of 2025 and the 20.3% of 2024.
Moroccans overtake the English
Buyers from Morocco concentrated the largest number of operations in the semester, 4,960 sales (8% of the total), and overtook the British, who were in second place with 4,541 acquisitions, 7.3% of the total.
After them were the Italians with 4,109 operations, 6.6% of the total, Romanians with 3,974 (6.4%), and Germans with 3,907 operations (6.3%).
The group encompassing the rest of non-EU buyers carried out 7,822 operations (12.5% of the total), maintaining a relevant weight within the market.
Purchases by non-residents plummet by 18%
The most pronounced drop was led by non-resident foreigners, who represented almost 37% of all purchases made by foreigners, and recorded an 18% drop after the end of the 'Golden visa'.
Resident foreigners continue to be the ones who buy the most homes in Spain, concentrating 63.2% of operations, 9.7% less.
Among resident foreigners, Moroccans carried out the largest number of sales (12.4% of the total), followed by Italians (9.2%) and Romanians (9%). Those from the United Kingdom occupied fourth place with 5.5%.
Among non-residents, the most notable were those from the Netherlands (12.6%); Germany (11.8%); United Kingdom (10.4%) and Poland (8.1%).
Price gap between non-residents and residents at highs
Foreign buyers acquired their homes in Spain at 2,644 euros/m2, 9.4% more.
Non-residents paid the highest amounts, 3,493 euros/m2 (11.8% more), compared to the 2,102 euros/m2 paid by resident foreigners (9.8% more) and the 1,971 euros/m2 (8.7% more) by nationals.
Thus, the price gap between non-resident and resident foreigners continues to widen and reached a new historic high with a difference of 1,391 euros/m2.
Those from the USA are the ones who buy the most expensively and Moroccans the cheapest
The highest average amounts corresponded to buyers from the USA (3,948 euros/m2); Sweden (3,839 euros); Germany (3,763 euros; Switzerland (3,760 euros) and Norway (3,588 euros).
Prices above the average were also recorded in those from Poland, Belgium, Ireland, France, Italy, the Netherlands, Russia, and the United Kingdom.
The lowest average prices corresponded to people from Morocco (801 euros/m2); Romania (1,439 euros); Ecuador (1,531 euros) and Colombia (1,604 euros).
Venezuelans lead the increases and Russians the decreases
Regarding the number of transactions, increases were only recorded among those from Venezuela (10.2%) and Colombia (7.4%).
On the contrary, the biggest decreases occurred among buyers from Russia (26.2%) while sanctions against Russia for the war with Ukraine continue. Also with double-digit drops are those from China (26.1%); USA (22%); Bulgaria (21.6%); Belgium (21.3%) and the United Kingdom (21%).
The sale and purchase of housing by foreigners decreased in most of the autonomous communities, and the most intense drops occurred in Cantabria (20.5%); the Canary Islands (20.3%); the Community of Madrid (19.7%); the Balearic Islands (15.4%) or the Valencian Community (15.4%).
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