Where foreign buyers on the Costa del Sol come from, in numbers
Foreign buyers continue to be a significant driving force in the Costa del Sol's property market, with nearly half of transactions in Andalusia involving international purchasers. While British buyers remain a prominent group, a diverse range of nationalities are investing, particularly in new-build homes, reflecting the region's global appeal and robust demand.
Understanding the International Buyer Landscape on the Costa del Sol
The Costa del Sol, nestled within Andalusia, Spain, remains a premier destination for international property investment. Its allure extends beyond its sun-drenched beaches and vibrant culture, attracting a diverse pool of foreign buyers seeking everything from holiday homes to permanent residences. As a guide and directory that recommends new-build homes on behalf of developers, Life in Costa observes these trends closely. This study delves into the latest data to shed light on the origins and purchasing patterns of these foreign investors, providing a comprehensive overview of the market dynamics that shape the region.
Overall, foreign buyers constitute a substantial segment of the Spanish property market. In the first half of 2026, transactions by foreign nationals represented 18.3% of all property sales across Spain. This figure underscores the enduring appeal of the Spanish property market to international purchasers, despite economic fluctuations.1
Foreign Buyer Activity in Andalusia and the Costa del Sol
Focusing specifically on Andalusia, the region encompassing the Costa del Sol, foreign investment in property is particularly robust. In the first half of 2026, foreign buyers acquired 11,807 properties in Andalusia, representing a significant portion of the national total for international transactions. The average price per square metre paid by these foreign buyers in Andalusia during this period stood at €2,806/m2. This figure highlights the premium many international purchasers are willing to pay for properties in this desirable region.2
Interestingly, the split between resident and non-resident foreign buyers in Andalusia is almost even, with 49.1% of transactions attributed to non-resident foreign nationals in the first half of 2026. This suggests a strong market for both those relocating and those acquiring properties for holiday use or investment purposes. Understanding this distinction is crucial, as the motivations and legal considerations for each group can differ significantly.1
Nationalities Driving Demand
Historically, certain nationalities have dominated the foreign buyer landscape in Spain. While the composition can shift, some countries consistently feature prominently. In the first half of 2026, British buyers continued to be a leading force, accounting for 7.6% of all foreign property purchases in Spain. Moroccan buyers were slightly ahead at 7.7%, indicating a diversifying market. Other significant buyer groups include Italians (7.0%) and Germans (6.8%) during the same period.2
The strength of demand from various European countries is particularly evident across the Costa del Sol. For instance, French buyers continue to show strong interest, particularly in established luxury markets like Marbella. For those considering the buying process in Marbella as a French national, understanding local regulations and market nuances is key.
Similarly, German buyers are consistently active across the region. Areas such as Mijas, where many developments we recommend are located, see strong demand from those looking to relocate from Germany to new-build properties. These buyers are often drawn by the quality of life, infrastructure, and the appeal of modern, efficient homes.
New-Build Property: A Key Segment for Foreign Buyers
The new-build sector holds particular appeal for international investors, offering modern designs, energy efficiency, and contemporary amenities. In 2024, new-build property acquisitions constituted 20.1% of all foreign purchases in Spain. This indicates that a significant proportion of foreign buyers actively seek out new developments, valuing the benefits of a brand-new property over resale options.4
The preference for new-builds is often driven by a desire for hassle-free ownership, access to high-quality finishes, and the potential for strong rental yields. This segment is particularly attractive to those looking for investment opportunities or a seamless transition to a new lifestyle in Spain.
Broader Context and Market Resilience
While specific regional data for foreign buyer percentage in total transactions can vary and is often aggregated, the national picture provides crucial context. In 2024, 14.6% of all housing purchases in Spain were made by foreign buyers, demonstrating the consistent international demand. This enduring interest contributes significantly to the stability and growth of the Spanish property market.3
For comparison, general home ownership across the European Union averaged 68% in 2024, highlighting the diverse property markets across the continent. Spain’s unique appeal, particularly its coastal regions like the Costa del Sol, ensures a continuous stream of international interest, making it a robust market for property investment.5
In conclusion, the Costa del Sol remains a highly internationalised property market. The consistent influx of foreign buyers, from traditional markets like the UK and Germany to emerging groups, underpins its dynamic nature. With a strong preference for new-build homes and a willingness to invest in properties at a premium, international purchasers are undeniably central to the region’s real estate narrative.
The figures
| Metric | Value | Source |
|---|---|---|
| Average price/m2 paid by foreign buyers in Andalusia (1S 2026) | €2,806 | Consejo General del Notariado (CIEN) |
| Total foreign property purchases in Andalusia (1S 2026) | 11,807 | Consejo General del Notariado (CIEN) |
| Share of non-resident foreign purchases in Andalusia (1S 2026) | 49.1% | Consejo General del Notariado (CIEN) |
| British share of foreign purchases in Spain (1S 2026) | 7.6% | Consejo General del Notariado (CIEN) |
| New-build property share of foreign purchases in Spain (2024) | 20.1% | Colegio de Registradores |
| Overall foreign buyer share in Spain (1S 2026) | 18.3% | Consejo General del Notariado (CIEN) |
Key data on foreign property purchases in Spain and Andalusia, reflecting trends up to H1 2026.
Frequently asked questions
Which nationalities are the biggest buyers of property on the Costa del Sol?
Historically, British buyers have consistently led the market. However, recent data indicates a diversifying market with strong interest from Moroccan, Italian, and German buyers, among others. The specific dominant nationalities can vary slightly by municipality and type of property.
What percentage of property in Andalusia is bought by foreign nationals?
In the first half of 2026, foreign buyers accounted for 11,807 property purchases in Andalusia. This represents a significant share of all foreign transactions in Spain during that period.
Do foreign buyers prefer new-build or resale properties on the Costa del Sol?
Many foreign buyers show a strong preference for new-build properties. In 2024, new-builds accounted for 20.1% of all foreign property purchases in Spain, indicating a trend towards modern, energy-efficient homes with contemporary amenities.
What is the average price foreign buyers pay for property in Andalusia?
In the first half of 2026, the average price per square metre paid by foreign buyers for property in Andalusia was €2,806. This is often higher than the national average, reflecting the desirability of the region.
Are most foreign buyers in Andalusia residents or non-residents?
The market in Andalusia is almost evenly split between resident and non-resident foreign buyers. In the first half of 2026, 49.1% of foreign purchases were made by non-resident buyers, highlighting the strong demand for holiday homes and investment properties, alongside those seeking to relocate.
