The Spain condominiums & apartments market size reached USD 130.40 Million in2024. Looking forward, IMARC Group expects the market to reach USD 226.33 Million by 2033, exhibiting a growth rate (CAGR) of 5.80% during 2025-2033. Rapid urbanization, rising demand for rental properties, tourism growth, foreign investment, government housing policies, economic stability, and increasing sustainability concerns are the factors propelling the growth of the market. Additionally, factors like remote work, infrastructure development, and demographic shifts contribute to market expansion and pricing trends.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 130.40 Million |
Market Forecast in 2033 | USD 226.33 Million |
Market Growth Rate (2025-2033) | 5.80% |
Continuous Growth in Spanish Housing Prices
Housing prices in Spain have gradually risen throughout the years, indicating a strong real estate market. Newly built homes have increased value quicker than older residences, indicating a rising preference for contemporary constructions. While all housing types have appreciated, new buildings have witnessed more significant price rises, most likely due to a preference for modern designs, increased energy efficiency, and greater amenities. The consistent growth in property values indicates an upward trend in which buyers and investors remain confident. This continued rise emphasizes the appeal of new home alternatives while also bolstering the country's overall real estate industry stability. According to industry reports, since 2014, housing prices in Spain have steadily risen each year. The house price index, which analyzes price movements using 2015 as a baseline (index value of 100), reveals that new housing prices went up by 8% between 2021 and 2023 while existing home prices increased by 3.2%. This suggests that newly built residences have seen more value appreciation than older homes.
Ongoing Growth in Housing Sector
Property values in Spain have steadily increased, with certain locations hitting new highs. The average price of properties for sale has surpassed records established during prior property booms. This continued increase reflects strong demand, a limited supply of available houses, and evolving buyer preferences. Modern projects and freshly constructed homes continue to fuel appreciation, while older properties see value gains. The market is dynamic, influenced by economic conditions, investment activity, and changing housing demands. With property values constantly rising, the real estate sector in Spain demonstrates resilience and continued interest from both domestic and foreign purchasers, confirming its role as a key economic development driver. As of the third quarter of 2024, the real estate sector in Spain has seen continuous growth in property values, reaching record levels in certain provinces. According to industry reports, the average listing price for properties has risen to EUR 2,182 per square meter, surpassing the peak recorded during the 2007 housing boom, when prices were at EUR 2,115 per square meter.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region/country level for 2025-2033. Our report has categorized the market based on type.
Type Insights:
The report has provided a detailed breakup and analysis of the market based on the type. This includes condominiums and apartments.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include Northern Spain, Eastern Spain, Southern Spain, and Central Spain.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Million USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Types Covered | Condominiums, Apartments |
Regions Covered | Northern Spain, Eastern Spain, Southern Spain, Central Spain |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
Key Benefits for Stakeholders: