Spanish economic growth powers property market momentum
Spanish economic growth powers property market momentum
Spain’s economy continues to outperform expectations, strengthening the nation’s property market and inspiring confidence among both domestic and international buyers.
According to Spain’s National Statistics Institute (INE), GDP growth for 2024 has been revised upwards from 2.9% to an impressive 3.5%. In response, Caixa Bank has lifted its 2025 forecast to 2.9%, noting that “the Spanish economy defies the global environment and beats expectations.”
This sustained economic expansion follows a strong 2023, when Savills highlighted Spain’s positive economic trends as “fuelling a supportive environment for the residential property market nationwide.” The country’s GDP rose by 2.5% that year—far exceeding the 1.0% forecast—while unemployment fell by 1.1%.
A favourable moment for buyers
The robust performance of the Spanish economy is translating directly into property market confidence. Marc Pritchard, Sales and Marketing Director at Taylor Wimpey España, believes the current conditions are ideal for buyers:
“Spain is exhibiting a strong and dynamic economy, with growing employment and steadily rising property prices. For those who want to take advantage of current growth trends, now is the time to buy.”
Recent figures from property analysts Tinsa show that Spain’s islands have led the way in house price growth, with values up 16.7% in the 12 months to September 2025. Across the country, prices increased 12.3%, while the Mediterranean coast recorded a rise of 11.9%—all indicators of a healthy and expanding market.
Key-ready homes in demand
With demand rising, many buyers are opting for brand-new, key-ready properties, which offer immediate availability and peace of mind.
“Buying a high quality, brand-new home that’s ready to move into immediately suits buyers keen to move at the fast pace of the current market,” Pritchard explains. “It’s a straightforward way to purchase a home that often appeals particularly to international buyers. With construction complete, the buyer can see exactly what they’re purchasing and there are no waiting times or unexpected delays. It’s all very simple and efficient.”
As Spain’s economy continues to outperform much of Europe, its property market looks set to remain one of the continent’s strongest performers—offering opportunity, stability, and growth for those ready to invest.
Eden Beach: new apartments with swimming pools and communal garden. Torrevieja.