Figures
Living, market data - Figures second quarter 2025 Spain
We analyze the Living market in Spain during the second quarter of 2025. Discover how the investment market has evolved, the returns and trends in the residential field, including buying and selling, flex living, housing for rent (Build to Rent - BTR and PRS), as well as residences for students and senior living.
July 29, 2025 5 Minute Read
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Living sustains its leadership as the main pole of attraction for investment in Spain during the first half of the year. A booming sector that continues to capture the attention of investors and that has become the protagonist of the real estate landscape of the last year. In 2024, it consolidated itself as the first asset class by investment volume, both in Spain and, for the first time, in Europe.
The residential market in purchase and sale has experienced a significant boost at the beginning of the year with an increase in demand in the first quarter of 19% compared to the same period of the previous year, which represents 184,000 homes sold. Housing prices increased by 12.2% year-on-year in the first quarter, levels that are approaching the highs reached in 2007.
In the first half of the year, Living continues to lead real estate investment in Spain, reaching a transacted volume of more than 1.72 billion euros and representing 23% of total investment. This figure represents the second-best result for the first half of the entire historical series, second only to 2022, and 14% above last year.
Madrid is reaffirmed as the preferred destination for investors, attracting 40% of the capital destined for Living, followed by Valencia and Barcelona with 9% each.
The Multifamily segment has added 831 million euros in the first half (697 million euros in BTR and 134 million euros in PRS), representing 48% of the total transacted in Living. Institutional investors continue to focus the strategy on the affordable housing product, which has concentrated 72% of the investment in the Multifamily segment and 35% in the total Living sector.
Student housing accumulated nearly 560 million euros of investment until June, concentrating 32% of the total transacted volume in Living. Flex Living has concentrated an investment volume of 330 million euros, through twelve operations, mostly in the city of Madrid. Although Senior Living has not registered transactional activity until June, the demographic prospects in our country point to a progressive dynamization of the segment in the coming months.