Buying a property in Spain is no longer simply about finding a second home. For many European buyers, particularly those looking for properties on the coast or close to golf courses, a home can represent quality of life, wealth and a long-term investment at the same time.

Looking ahead to 2027, several factors help explain why certain properties in Spain may retain strong financial appeal: structural housing shortages, rising property prices, international demand, the strength of tourism and the difficulty of creating new housing in some of the country’s most desirable locations.

That said, it is important to make one distinction: a property does not guarantee future returns or capital appreciation. Performance will depend on location, purchase price, financing costs, taxes, maintenance and the evolution of the market.

The key is identifying the characteristics that could make a property particularly attractive over the coming years.

1. Spain’s Property Market Is Entering 2027 with Limited Supply

One of the most important factors behind Spain’s property market is the gap between household formation and new housing construction.

According to data presented by the Bank of Spain in 2026, Spain accumulated a housing shortfall of approximately 750,000 homes between 2021 and 2025 compared with net household formation.

This situation is particularly relevant because building new homes in certain coastal areas is not always straightforward. Land availability, planning regulations, permits and construction costs can limit the ability to increase supply quickly.

For investors, this introduces a fundamental concept:

scarcity.

When demand remains strong while the supply of quality homes cannot grow at the same pace, well-located properties can become increasingly attractive from a wealth-preservation perspective.

2. Property Prices Continue to Rise in 2026

The latest figures from Spain’s National Statistics Institute (INE) show that the market remains highly dynamic.

In the first quarter of 2026, Spanish house prices increased by 12.9% year-on-year and by 3.5% compared with the previous quarter.

New-build property prices increased by 9.1% year-on-year, while resale properties rose by 13.5%.

All Spanish autonomous communities recorded annual price increases.

Among the regions with the strongest growth were the Region of Murcia, at 15.6%, and the Valencian Community, at 14.3%, while Andalusia recorded 13.3% and the Balearic Islands 13.6%.

This does not mean that these growth rates will necessarily continue into 2027. In fact, it would be unwise to build an investment strategy on the assumption that the same pace of growth will continue.

However, it does demonstrate that the starting point for 2027 is a market experiencing considerable upward pressure on prices.

3. Coastal Property Has an Element of Scarcity

Not all Spanish properties have the same investment characteristics.

A property in an inland area with abundant available land does not necessarily have the same profile as an apartment close to the Mediterranean.

In certain coastal locations, land availability and planning restrictions make it difficult to create new supply in established areas.

For an international buyer, the combination of:

prime location + proximity to the sea + amenities + quality construction + limited supply

can therefore be particularly interesting from a long-term wealth perspective.

Location is difficult to replicate. A new building can be constructed, but you cannot create a new coastline or move a property to a better location.

4. International Appeal Diversifies Demand

Spain has an increasingly international property market.

The strength of tourism is one of the factors supporting the country’s international appeal. Spain welcomed 96.8 million international tourists in 2025, according to figures reported in 2026.

But international interest extends beyond tourism.

Buyers from the UK, Germany, France, the Netherlands, Belgium, the Nordic countries and other markets are attracted to Spain because it combines several qualities that are difficult to find elsewhere in Europe: climate, connectivity, services, gastronomy and quality of life.

This is particularly relevant in markets such as the Costa del Sol, Costa Blanca and the Balearic Islands, where established international communities already exist.

For a homeowner, a location that appeals to buyers from multiple nationalities can potentially provide access to a broader pool of future purchasers.

5. Golf: When Lifestyle Also Creates Property Appeal

Properties close to golf courses have a particular characteristic: the golf course is not simply an amenity, but part of the destination’s appeal.

For a European buyer, a home near a golf course can mean:

• playing throughout the year;
• enjoying open green spaces;
• becoming part of an international community;
• having access to restaurants and associated facilities;
• using the property for longer stays;
• combining a second home with future retirement plans.

This can create a more specialised and, in certain markets, relatively stable demand.

The key is to distinguish between having a golf course nearby and being located in a genuinely established golf destination. The quality and reputation of the course, accessibility, facilities and surrounding residential environment can be just as important as the distance itself.

6. A Property Can Have Two Types of Value: Financial and Lifestyle

This is one of the main differences compared with other financial assets.

A coastal or golf property can create value even when the owner has no immediate intention of selling it.

It can be used as:

Second home → extended-stay property → future residence → family wealth.

This means the owner can receive a non-financial return: enjoying the property itself.

A home used for several weeks or months each year can provide personal value that a purely financial investment cannot offer.

For some buyers, therefore, the question is not simply, “What return will this property generate?”

It is:

“What kind of wealth am I building while enjoying it?”

7. New-Build Property Can Offer Another Advantage: Efficiency and Lower Initial Maintenance

New-build properties can be particularly attractive to buyers looking to minimise renovation and initial maintenance requirements.

Modern developments also tend to incorporate energy-efficiency measures, improved insulation, contemporary climate-control systems and modern design, potentially improving both the living experience and running costs.

This is becoming increasingly relevant as international buyers pay greater attention to energy efficiency and property maintenance costs.

In 2026, CaixaBank Research also highlighted that the imbalance between supply and demand continues to put upward pressure on Spanish property prices, while the supply of new homes remains insufficient compared with household formation.

8. What About Mortgages in 2026?

Financing deserves particular attention.

The interest-rate environment has changed considerably compared with the highs of 2023, but 2026 is not an environment of exceptionally cheap money either.

The 12-month Euribor ended July 2026 at around 2.86%, while the average interest rate on new mortgages in Spain stood at around 2.98% in May.

In August, Euribor briefly moved above 3%, reflecting continued macroeconomic uncertainty.

For buyers, this means that the financial analysis needs to be approached carefully.

A property can be attractive from a wealth perspective, but the purchase price and financing costs are fundamental to determining the actual return on investment.

9. Thinking About 2027 Means Looking Beyond Capital Appreciation

The mistake would be to view the purchase solely as a bet that prices will rise.

A more comprehensive analysis should consider:

Potential capital appreciation
How might the property’s value evolve?

Personal use
How much time will I spend there?

Financing costs
How much interest will I pay over the life of the mortgage?

Ownership costs
Community fees, taxes, maintenance, insurance and utilities.

Liquidity
How easily could I sell if I needed to?

Future demand
Who might want to buy this property five or ten years from now?

This final question is particularly important.

10. The Key Question for 2027: Will This Property Still Be Desirable?

A good property asset is not necessarily the cheapest one.

It may be the one with characteristics that remain attractive to future buyers:

• proximity to the sea;
• sea views or good orientation;
• access to golf;
• proximity to airports;
• year-round amenities;
• strong international connectivity;
• quality construction;
• energy efficiency;
• outdoor space;
• attractive communal facilities;
• an established surrounding area.

In other words, you are not simply buying square metres—you are buying a location and a lifestyle that may continue to generate demand.

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Coast or Golf: Which Could Offer Greater Value?

The answer depends on the buyer’s profile.

A coastal property can offer universal appeal: beaches, restaurants, promenades and water-based activities.

A golf property can provide a different type of value: tranquillity, nature, sport and a more defined residential community.

And some locations combine both.

On the Costa del Sol, for example, certain areas offer easy access to both the Mediterranean and some of Spain’s most prestigious golf courses.

On the Costa Blanca, the combination of golf, beaches, amenities and climate has helped make areas of Alicante and Murcia particularly attractive to international buyers.

Meanwhile, Mallorca combines the appeal of a Mediterranean island with an established residential and golf offering aimed strongly at the international market.

Taylor Wimpey Spain: Investing in a Location You Can Enjoy

For Taylor Wimpey Spain, the concept of property as wealth is closely connected to lifestyle.

A property on the coast or close to a golf course can represent a way to build wealth while enjoying the home throughout the year.

Taylor Wimpey Spain developments in destinations such as the Costa del Sol, Costa Blanca and Mallorca aim to combine location, quality, contemporary design and access to a Mediterranean lifestyle.

For an international buyer, this can turn a property purchase into more than a real estate transaction: it can become part of a long-term wealth strategy.

Looking Towards 2027: Opportunity, but Also Selection

The data from 2026 shows a Spanish property market with strong price growth and a housing supply that remains insufficient.

This creates a potentially favourable environment for certain types of property, but it does not mean that every home will increase in value.

The opportunity lies in choosing carefully.

A well-located property with international demand, close to the sea or a golf course, with excellent amenities and characteristics that are difficult to replicate may have stronger arguments for preserving its value over the long term.

And there is another factor that does not appear in any statistic:

you can enjoy the asset while it remains part of your wealth.

Conclusion

Looking ahead to 2027, a property on the Spanish coast or close to a golf course can fit into a long-term wealth strategy built around three pillars: scarcity, demand and utility.

The 2026 market shows strong price growth, while the structural housing shortage continues to constrain supply.

However, property investment requires a long-term perspective. It is not about predicting exactly how much an apartment will appreciate in 2027, but about acquiring an asset with characteristics that may remain desirable for many years.

A home beside the Mediterranean can be, at the same time, a place to live, a space to enjoy and a piece of family wealth.

Note: This article is for informational purposes only and does not constitute financial, tax or investment advice. Future property market performance is not guaranteed, and every purchase should be assessed according to the buyer’s individual financial and tax circumstances.