The valuation of the real estate wealth of Spanish households stood at €7.73 trillion in 2025, a 13% increase from the previous year, according to data from the Bank of Spain. This is the highest figure on record.
The real estate assets of Spanish families have never been so high. According to the latest Housing and Land Observatory, based on data from the Bank of Spain, the real estate wealth of households reached €7.73 trillion in 2025, 13% more than in 2024. This is the largest year-on-year increase recorded and the first time the barrier of €7 trillion has been surpassed since historical series began in 2003.
The increase is mainly due to the rising cost of properties. Real estate wealth has been growing continuously since 2014, and in the last two years, it has done so at double-digit rates. In 2025, both the total valuation and the annual growth rate reached historical highs.
From boom to crisis and back to record
To put the magnitude of the figure into context, it is enough to remember that in 2007, at the height of the real estate bubble, the real estate wealth of households reached €6.24 trillion, an amount that already exceeded Spanish GDP by more than five times. After the bubble burst, the value fell for six consecutive years until it bottomed out in 2013 at €4.1 trillion.
Since then, the recovery has been constant. The new record for 2025 exceeds the bubble peak by more than €1.4 trillion, reflecting not only the rise in prices but also the increase in the housing stock. The current figure is equivalent to more than six times Spanish GDP.
Foreigners maintain their buying appetite
The report also reveals that the value of housing transactions carried out by foreigners in 2025 amounted to €12,049.4 million, a 3.1% increase from the previous year. Of that total, 92% corresponded to second-hand homes and only 8% to new builds.
In terms of the number of transactions, foreigners purchased 126,981 homes, representing 16.9% of total transactions. This is 2,374 fewer than in 2024, but the percentage remains high. By nationality, the British lead the ranking with 7.97% of foreign purchases, followed by Germans (6.52%) and Dutch (6.31%).
Buyers from Poland, Belgium, the Netherlands, and Hungary are the most inclined towards new housing, while French, Moroccan, Irish, Romanian, Italian, and Chinese buyers prefer second-hand homes in more than 80% of cases.
Balearic Islands, the preferred destination for luxury purchases
The territorial analysis reveals that the Balearic Islands account for 41.79% of housing purchase transactions by foreigners priced above €500,000. Of these buyers, 70.34% come from the European Union. They are followed by Madrid (24.4%), Andalusia (19.22%), and Catalonia (13.15%).
At the opposite end, in Asturias and Cantabria, non-EU buyers are the majority in the luxury segment, with 82.35% and 80%, respectively. This reflects a different investor profile, less linked to European residential tourism and more to buyers from other origins.
For readers interested in the real estate market, this data confirms that housing continues to become more expensive and that foreign demand, although slightly lower in number, maintains high purchasing power, especially in coastal areas and major capitals. Those looking to buy, particularly in the Balearic Islands or Madrid, will face strong competition from international buyers with deep pockets.
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