Spain’s property market has had a very strong start to 2026, with investment figures rising sharply compared to last year.
According to CBRE, real estate investment reached €6.3 billion between January and March. That is almost double the same period in 2025 and well above the long-term average.
To put that into perspective, this three-month total already represents around one-third of all investment recorded in the whole of 2025. In other words, it is not just a strong quarter, it signals a very active year ahead.
A key driver behind this growth is the return of large-scale deals. In the first quarter alone, there were 18 transactions above €100 million. By comparison, there were just four in the same period last year.
In terms of who is investing, Spanish buyers still lead the market, accounting for roughly half of total activity. However, international interest remains strong, especially from Canada and the United States.
Spain property market in 2026
Most investment continues to concentrate in Madrid and Barcelona. Together, these cities account for nearly three quarters of all activity. The Valencian Community and the Costa Blanca, sits further behind but remains firmly on investors’ radar.
In terms of sectors, housing leads the way. The “living” segment, which includes rental housing, student accommodation and senior living, attracts the largest share of investment.
Retail follows next, with shopping centres performing strongly. Offices also show a clear recovery after quieter years.
Meanwhile, hotels continue to draw steady interest, particularly in tourist-heavy regions such as the Balearic Islands. Smaller but growing areas like healthcare and logistics are also attracting more capital.
Overall, the picture is fairly clear. Investment is accelerating again, and the focus is shifting more towards residential and long-term living sectors alongside traditional commercial property.
