Spain Residential Real Estate Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2025 - 2030)

The Report Covers Residential Real Estate Market in Spain and is Segmented by Type (Villas and Landed Houses, Apartments, and Condominiums) and Key Cities (Madrid, Catalonia, Valencia, Barcelona, and Malanga, Among Others). The Report Offers Market Sizes and Forecasts in Value (USD Billion) for all the Above Segments.

Spain Residential Real Estate Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2025 - 2030)

Spain Residential Real Estate Market Size

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Spain Residential Real Estate Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 177.46 Billion
Market Size (2030) USD 247.74 Billion
CAGR (2025 - 2030) 6.90 %
Market Concentration Low

Major Players

Spain Residential Real Estate Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Spain Residential Real Estate Market with other markets in Real Estate and Construction Industry

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Spain Residential Real Estate Market Analysis

The Spain Residential Real Estate Market size is estimated at USD 177.46 billion in 2025, and is expected to reach USD 247.74 billion by 2030, at a CAGR of 6.9% during the forecast period (2025-2030).

Though housing is becoming expensive in the country, the demand is also growing significantly, driving the market. Furthermore, rising international investors in the market are propelling the market growth.

  • Following the pandemic's catastrophic shock, the Spanish economy improved substantially throughout 2021. With a decline of about 16% in the last quarter of 2020, La Rioja was the Spanish region where the pandemic's impact on real estate values was higher than the previous year. The autonomous city of Melilla was the only place in Spain where there was an increase compared to pre-pandemic data.
  • Since the beginning of 2023, it appears that the Spanish real estate market has made a complete recovery to pre-covid levels and is regaining its health. According to the National Institute of Statistics, home transactions in 2021 will be the highest in 14 years. According to Forbes, it will continue to expand at the same dynamic rate that it began in 2021, and it will escape real estate bubbles. Following confinement and societal limitations, there is a greater demand among the Spanish people for larger homes, particularly those with outdoor areas. In cities such as Madrid, a significant portion of the city center population has chosen to live outside of the inner city circle in exchange for a higher standard of life, in greener regions, and with more living room.
  • According to the National Institute of Statistics (INE), in January 2022, a staggering 52,684 property transactions took place in Spain, which is the highest figure for the first month of the year since 2008. February 2022's figures were slightly higher at 53,623 transactions, which is an annual increase of 24%. 20.4% of February's property transactions were new homes and 79.6% were used. The number of new homes being purchased increased by 9.2% compared to February 2021 and used homes increased by 28.4%.

Spain Residential Real Estate Industry Overview

The Spanish residential real estate market is competitive with the presence of property developers like Neinor Homes, AEDAS Homes, Via Celere, and AELCA. The market also witnessed the entry of new players like Kronos Homes and Q21 Real Estate Market. The growing presence of international funds and foreign capital is increasingly attracting domestic developers to have joint ventures to gain a foothold in the country and enhance their financial strength and management expertise. Recent examples of these ventures include HIG and Monthisa, Pimco and Lar España, and KKR's partnership with Qubit. The market recovery in Spain's residential real estate is expected to continue to attract more players to enter the market.

Spain Residential Real Estate Market Leaders

  1. Neinor Homes

  2. AEDAS homes

  3. Via Celere

  4. AELCA

  5. MetroVacesa

  6. *Disclaimer: Major Players sorted in no particular order
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Spain Residential Real Estate Market News

  • October 2022: A build-to-rent (BTR) cooperation between Layetana Living and Aviva Investors was established in Spain. According to the statement, the collaboration between Aviva and the Spanish developer Layetana will construct a more than EUR 500 million (USD 531.20 Million) residential portfolio, already securing its first development project. Based on the recommendation of international real estate consultancy Knight Frank, the partnership purchased a 71-unit residential building in Barcelona's Sants neighborhood. Construction is scheduled to begin at the end of 2023.
  • September 2022: Berkshire Hathaway HomeServices, a global residential real estate brokerage franchise network, expanded its services in the Valencian Community. It is now running with Maryana Kim directing a new office in Denia, in the northern section of the Costa Blanca. It is the fourth facility that Berkshire Hathaway HomeServices Spain opened in 2022.

Spain Residential Real Estate Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Deliverables
  • 1.2 Study Assumptions
  • 1.3 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS AND DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
  • 4.3 Market Restraints
  • 4.4 Insights into Supply Chain/Value Chain Analysis
  • 4.5 Industry Attractiveness - Porter's Five Force Analysis
    • 4.5.1 Threat of New Entrants
    • 4.5.2 Bargaining Power of Buyers/Consumers
    • 4.5.3 Bargaining Power of Suppliers
    • 4.5.4 Threat of Substitute Products
    • 4.5.5 Intensity of Competitive Rivalry
  • 4.6 Government Regulations and Initiatives
  • 4.7 Technological Trends
  • 4.8 Residential Real Estate Buying Trends - Socioeconomic and Demographic Insights
  • 4.9 Government Initiatives, Regulatory Aspects for Residential Real Estate Sector
  • 4.10 Insights into Size of Real Estate Lending and Loan to Value Trends
  • 4.11 Insights into Interest Rate Regime for General Economy, and Real Estate Lending
  • 4.12 Insights into Rental Yields in the Residential Real Estate Segment
  • 4.13 Insights into Captial Market Penetration and REIT Presence in Residential Real Estate
  • 4.14 Insights into Real Estate Tech and Startups Active in the Real Estate Segment (Broking, Social Media, Facility Management, Property Management)
  • 4.15 Impact of Coid-19 on the Market

5. MARKET SEGMENTATION

  • 5.1 By Type
    • 5.1.1 Apartments and Condominiums
    • 5.1.2 Villas and Landed Houses
  • 5.2 By Key Cities
    • 5.2.1 Madrid
    • 5.2.2 Catalonia
    • 5.2.3 Valencia
    • 5.2.4 Barcelona
    • 5.2.5 Malaga
    • 5.2.6 Others

6. COMPETITIVE LANDSCAPE

  • 6.1 Market Concentration Overview
  • 6.2 Company Profiles
    • 6.2.1 MetroVacesa
    • 6.2.2 Neinor Homes
    • 6.2.3 AEDAS homes
    • 6.2.4 Via Celere
    • 6.2.5 AELCA
    • 6.2.6 Acciona Inmobiliaria
    • 6.2.7 KRONOS
    • 6.2.8 Pryconsa
    • 6.2.9 Q21 Real Estate
    • 6.2.10 Spain Homes*
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

8. APPENDIX

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Spain Residential Real Estate Industry Segmentation

Real estate (land and any buildings on it) used for residential purposes is commonly referred to as residential real estate. Single-family dwellings are the most prevalent type of residential real estate.

The Spain Residential Real Estate Market is segmented By Type (Villas and Landed Houses, Apartments, and Condominiums) and key cities (Madrid, Catalonia, Valencia, Barcelona, and Malanga, Among Others). The report offers market size and forecasts for the Spain Residential Real Estate market in value (USD billion) for all the above segments. The impact of COVID-19 is also analyzed in the report.

By Type Apartments and Condominiums
Villas and Landed Houses
By Key Cities Madrid
Catalonia
Valencia
Barcelona
Malaga
Others
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Spain Residential Real Estate Market Research FAQs

How big is the Spain Residential Real Estate Market?

The Spain Residential Real Estate Market size is expected to reach USD 177.46 billion in 2025 and grow at a CAGR of 6.90% to reach USD 247.74 billion by 2030.

What is the current Spain Residential Real Estate Market size?

In 2025, the Spain Residential Real Estate Market size is expected to reach USD 177.46 billion.

Who are the key players in Spain Residential Real Estate Market?

Neinor Homes, AEDAS homes, Via Celere, AELCA and MetroVacesa are the major companies operating in the Spain Residential Real Estate Market.

What years does this Spain Residential Real Estate Market cover, and what was the market size in 2024?

In 2024, the Spain Residential Real Estate Market size was estimated at USD 165.22 billion. The report covers the Spain Residential Real Estate Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Spain Residential Real Estate Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Spain Housing Industry Report

The Spanish Residential Real Estate market is poised for substantial growth, influenced by evolving customer preferences, local special circumstances, and macroeconomic factors. There's a rising demand for modern, sustainable properties in Spain. Real estate buyers are increasingly seeking energy-efficient homes with eco-friendly features and smart home technology. The emergence of co-living spaces in major cities and the growing popularity of vacation rentals are also shaping the real estate market in Spain. The high rate of homeownership in Spain and the country's steady economic growth contribute to the stability and growth of the real estate market.

The market is segmented into different budget and size categories, with certain segments expected to witness significant growth. Key real estate companies in Spain have adopted strategies such as agreements and partnerships to offer better services. This industry analysis provides valuable insights into the Spain Housing market share, size, and revenue growth rate. The market outlook is positive, with market predictions indicating continued expansion. The market forecast highlights the potential for substantial growth, driven by favorable governmental policies and industrial development.

Industry leaders are leveraging market segmentation to target specific demographics and preferences. The market review and market overview emphasize the importance of adapting to market trends and consumer demands. Market data and market statistics are essential for understanding the dynamics of the Spanish Residential Real Estate market. The industry outlook remains optimistic, supported by industry research and industry reports that provide comprehensive insights into market growth and industry trends.

The industry analysis and industry information reveal that the Spanish Residential Real Estate market is characterized by a diverse range of properties, catering to various consumer needs. The market value is expected to increase, driven by market growth and the influx of foreign investments. Industry sales and industry size are projected to rise, reflecting the overall positive market sentiment. Market leaders continue to play a crucial role in shaping the industry landscape.

The report pdf and report example offer detailed information on market segmentation, market forecast, and market predictions. Research companies provide valuable data and insights, contributing to a deeper understanding of the market dynamics. The industry trends and market outlook suggest that the Spanish Residential Real Estate market will continue to evolve, with new opportunities and challenges emerging. The market overview and market review highlight the importance of staying informed and adapting to changing market conditions.

Spain Housing Market Report Snapshots