The Spain real estate market continues to show remarkable resilience and growth in 2025, attracting over €6,700 million in investment during the first half of the year, according to data from Cushman & Wakefield. Despite global market volatility, robust activity across offices, hotels, and living sectors signal strong investor confidence and a positive outlook for Spanish property.
Office, Hotel & Living Sectors Lead the Charge
A major driver of the sector’s exceptional performance is the office real estate segment, which topped €1,200 million in H1 2025. Landmark transactions such as Pontegadea’s purchase of the Grupo Planeta headquarters in Barcelona and the acquisition of Madrid’s Prado Urban Business Park, home to Amazon, together contributed over €500 million to the market.
Even more impressive, the hotel sector outpaced offices with more than €1,500 million invested. The headline deal was the significant purchase of the Mare Nostrum Resort complex, underscoring Spain’s enduring appeal as a global tourism and hospitality leader.
The living segment, including residential assets and alternative housing, also approached €1,800 million. Noteworthy in this domain was the acquisition of Livensa by the Cppib fund, reflecting strong institutional interest in Spain’s purpose-built student accommodation and rental apartments.
Retail and Logistics Maintain Solid Momentum
Retail real estate in Spain amassed approximately €1,200 million in the semester, signaling renewed appetite for commercial spaces and shopping centers. Meanwhile, the logistics sector surged beyond €600 million, fueled by the ongoing e-commerce boom and demand for state-of-the-art distribution centers.
2025 Investment Environment: Favorable for Domestic and International Investors
Cushman & Wakefield’s experts highlight that Spain offers a “favorable environment for investment, with attractive prices, contained inflation, and falling interest rates.” These factors combine to create appealing conditions for both local and global investors seeking stable returns and capital appreciation, especially in core cities such as Madrid, Barcelona, and prime coastal markets.
Q2 2025: A Record-Breaking Quarter
The second quarter of 2025 proved pivotal for the Spain real estate market, with nearly €4,600 million in deals—the highest quarterly figure since the end of 2024. This momentum bodes well for the remainder of the year and demonstrates investor confidence in Spain’s economic stability and property fundamentals.
Spain Real Estate Market Outlook: Momentum to Continue
With diversified interest across office, hotel, living, retail, and logistics segments, Spain’s real estate landscape remains robust. Favorable financing conditions and a resilient economy position the country as a gateway for both short-term gains and long-term investments.
Key Takeaways for Investors:
- €6.7 billion invested in H1 2025 despite global financial volatility.
- Offices (€1.2B) and hotels (€1.5B) are the top-performing segments.
- Living real estate is close to €1.8B with standout deals like Livensa.
- Second quarter records a historic high of €4.6 billion in investment volume.
- Continued demand in Madrid, Barcelona, tourism hubs, and logistics corridors.
As we advance into the second half of 2025, the Spain real estate market stands as one of Europe’s most dynamic and attractive destinations for property investment.
