Real estate investment, market data - Figures second quarter 2025 Spain

Real estate investment in Spain continues to add positive results. In the first half of the year, it reached 7.3 billion euros, 22% more than in the same period of the previous year and 15% above the average of the last ten years. The strong start places Spain at levels higher than those of 2018, the best year in the historical series, although the figure is still 24% lower than the best first half recorded (that of 2022, the second-best year in the series). For the second half of 2025, we expect investment activity to be greater, with corporate operations that could raise the total volume above 16 billion euros.

According to the Investor Intentions Survey prepared by CBRE, Spain is positioned as the second preferred European country for investors, also being the only one with two cities in the ranking: Madrid in second position and Barcelona in fourth.

The Living segment leads with 1.72 billion, while Retail accelerates strongly and adds 1.7 billion.

The Living sector continues to be the favorite for investors, with more than 1.72 billion euros (23% of the total invested). Even so, it is closely followed by Retail, which has gained speed and has concentrated more than 1.7 billion, 46% more than in the same period of 2024. The hotel sector, for its part, adds more than 1.6 billion euros, being the second-best record for a first half in the last eight years.

The office sector has reached 1.17 billion, 40% more than the same period of the previous year, and logistics exceeds 550 million, conditioned by the scarcity of product. Healthcare, for its part, is close to 400 million and alternative products continue to gain traction, exceeding 180 million invested.