In the first quarter of 2025, Polish GDP growth was estimated by the Central Statistical Office (CSO) at 3.2 per cent year-on-year. This places our country in a leading position among the leading European economies, including ahead of Spain (2.6 per cent). However, data from the Iberian Peninsula continue to point to the very good condition of the Spanish economy. In turn, the bridge that connects Poland and Spain is the property market.
Poland following in the footsteps of Spain
The economy on the Iberian Peninsula is one of the strongest in Europe and The Economist hailed it as a leader among OECD countries, singling out the labour market and the lowest unemployment rate in more than a decade as strengths. In March 2025, the Iberian Peninsula’s Economic Sentiment Index (ESI) rose the strongest (by 1.1 m/m) in the entire EU.
In contrast, Spanish respondents in the May Consumer Navigator survey confirmed a more optimistic mood about the economy. In contrast, the UCE Research and Shopfully survey shows that it is the Poles (46.7 per cent) who are significantly ahead of Spaniards (35.5 per cent) among respondents who believe purchasing power is improving but are still saving. An even greater advantage was recorded in the case of those planning to spend more, where our compatriots outstripped Iberians by more than 10 per cent.
In turn, the Spanish 'Business Insider’ described Poland as one of the countries with the fastest-growing economy on the Old Continent. This was confirmed by GDP growth over the Vistula – 0.6 per cent higher than Spain’s – comparing data for Q1 2025 juxtaposed with the same period in 2024.
The Minister of Economy, Trade and Business of Spain – Carlos Cuerpo, who visited our country during the Spanish-Polish Business Forum – spoke, among other things, about the purchase of real estate on the Iberian Peninsula by Poles. Flats and houses on the Iberian Peninsula are an increasingly attractive investment for our compatriots. According to the latest data from Eurostat, in five years (from Q4 2019 to the same period in 2024), property prices in Spain have increased by 32.4%. Fitch Ratings forecasts that they could increase by 6-8% this year.
See also:
The economy is booming, or why you should invest in the Iberian Peninsula
Real estate in Spain: once an extravagance, now the norm [MARKET ANALYSIS].
Spanish real estate and Polish investors
In 2024 alone, our compatriots purchased 4,213 houses and flats in Spain – four times more than in 2019, the year before the pandemic. Between January and March 2025, they made almost 1,000 property purchases on the Iberian Peninsula, and in just over four years the transactions were exactly 12,447. More records can therefore be expected, although the rate of growth will certainly slow down over time. Investing in property in a top location, such as the Costa del Sol, allows you to geographically diversify your wealth in an uncertain period of war in Ukraine. From the Poles’ point of view, the issue of security is also increasingly important. After all, Spain’s Costa del Sol is one of the furthest places on the continent from the war in Ukraine – over 4,000 kilometres by land.
