The Spanish property market continues to attract expat buyers in 2026. Prices have continued to rise in popular coastal areas while inland and northern regions remain relatively affordable. Mortgage rates have stabilised after the 2023–2024 swings, and the new buyer-tax proposals are reshaping the calculation for non-EU non-residents. Here is a snapshot.
Where Expat Buyers Are Going
- Costa Blanca — still a top choice for British, Dutch, Belgian and Scandinavian buyers; strong infrastructure, established expat areas.
- Costa del Sol — the high end of the coast; international community, premium developments around Marbella and Estepona.
- Costa Cálida (Murcia) — better value than the Costa Blanca for similar climate; Mar Menor and inland Murcia popular.
- Valencia — one of the fastest-growing expat-city destinations; cost-quality balance is hard to beat.
- Balearic and Canary islands — premium prices, year-round appeal, strong rental yield potential.
- Madrid — premium central districts for working expats, with Pozuelo, Las Rozas and La Moraleja for families.
Headline Price Trends
Coastal hotspots have continued to see price growth, with the Balearics and Marbella leading. The interior and northern regions remain considerably cheaper. The under-supply of new builds in popular areas continues to support prices.
Proposed Non-Resident Buyer Taxes
The Spanish government has proposed measures to discourage speculative property purchases by non-EU non-residents, including significantly higher purchase taxes. These remain proposals as of writing and are not yet law — but expat buyers should follow developments. Our housing tax reform article covers the detail.
Mortgage Market
Spanish mortgage rates have moderated through 2024–2026 after the spike of 2023. Fixed and variable products are both widely available, with banks lending up to 70–80% LTV for non-residents on second homes. Specialist mortgage brokers tend to get the best non-resident rates.
Insurance Considerations
Spanish home insurance is straightforward and generally inexpensive compared with UK or US equivalents. Mortgage lenders typically require buildings cover, and the Consorcio de Compensación de Seguros (CCS) layer is built into qualifying policies for extraordinary risks like floods and earthquakes. See our CCS guide for how this works.
Working with 247 Expat Insurance
Once you have completed, we help with home insurance and any other cover you need — in English, with policies from insurers we know well. Get in touch with details of your property and we will quote.
Market data and tax proposals change. Always verify the latest with a Spanish gestor or your lawyer before committing.