Poles are increasingly willing to buy apartments in Spain. It’s not just the weather that attracts

Last 2024, real estate prices in Spain increased by approximately 8%. These increases, however, do not discourage foreigners who are still willing to buy apartments in this country. It turns out that Poles occupy the leading position in this group.

Poles buy apartments in Spain

According to data from the organization that maintains the real estate register, Registradores de Espana, in the third quarter of last year we were the fourth largest group of foreigners who buy real estate in Spain. Only the British, Germans and Moroccans overtook us.

It is estimated that almost every fifth apartment in Spain is bought by foreigners. In the period July-September last year, Poles purchased 1,296 properties, i.e. 30 percent more. more than in the previous quarter and by as much as 62%. more than in the corresponding period of 2023.

We most often purchase properties located in Catalonia, Valencia, the Costa Blanca and Andalusia, where the famous Costa del Sol tourist region is located.

Why is there so much interest in real estate in Spain? The key factor is, of course, the weather, which you usually don’t have to worry about, but prices (although they have increased recently) and the issue of safety also turn out to be an attraction.

It’s not just the weather that attracts

Spanish developers and real estate agencies have observed an increase in interest in apartments among citizens of Poland, Ukraine and the Baltic countries after the outbreak of the war in Ukraine in 2022. – Our clients appreciate the security and greater distance from Russia and often decide to buy a second home abroad just in case the conflict escalates beyond Poland’s eastern border. – comments Tatiana Pękala, owner of Dream Property Marbella, a Polish real estate agency in Spain, for PAP.

It is estimated that the Polish community on the Iberian Peninsula numbers approximately 100,000. people. It is no longer surprising that there are Polish shops and restaurants on the Costa del Sol, the “Hola Polacos” magazine is published, and every year the final of the Great Orchestra of Christmas Charity takes place in Fuengirola, which last year gathered over 1,200 participants.