According to the latest data from the Registradores de España, between January and March 2025, Polish investors purchased almost 1,000 flats and houses in Spain, nearly 25 per cent more than during the same period in 2024. This means that in just over four years (since the beginning of 2021), the number of properties purchased by Poles on the Iberian Peninsula has already reached almost 12,500. There have been exactly 12,447, and in 2021-24 each of the annual results has been another record.
Costa del Sol a safe haven in Europe
According to Expansion, Spain’s largest economic daily, security is the main reason for Poles buying property on the Iberian Peninsula. The Costa del Sol is one of the furthest places on the continent from the war in Ukraine – more than 4,000 kilometres by land. Thus, in an era of geopolitical uncertainty, Spain is becoming a safe haven for our compatriots and a stable geographical diversification of their assets.
Marbella and the Costa del Sol as a whole are attracted by the climate – friendlier than in Spanish metropolises and combining a unique location (surrounded by mountains and the Mediterranean) with sunshine that shines more than 320 days a year. Hence, more and more Poles are moving permanently to the Iberian Peninsula – deciding that it will not be a second, but a first home for them. The latest 'Removal Report’ shows that Spain’s share of removal orders increased by 4.5 p.p. in 2024, making it the 2nd most popular destination for our compatriots.
– The breakthrough was the boom in remote working after the pandemic. Poles started by renting properties in Spain and then decided to buy them. In 2021, i.e. during the pandemic, our compatriots purchased just over 1.1 thousand flats and houses. A year later, it was already close to 3 thousand, in 2022. – almost 3.2 thousand, and last year – over 4.2 thousand. We are observing how the dynamic development of the IT market is affecting the real estate sector. They are bought, among others, by professionals in this sector aged around 40, but also by Poles looking for a quiet haven in Spain after a succession in companies ,” says Agnieszka Marciniak-Kostrzewa, founder of Agnes Inversiones – the largest, oldest and most recognisable Polish real estate agency on the Costa del Sol, which in the last 2 years alone has mediated the sale of almost 200 properties with a total value of around €200 million.
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Andalusia leading the way in the Iberian Peninsula
Located in Andalusia, the Costa del Sol is a cosmopolitan region with a unique climate, famous for golf – hence the nickname Costa del Golf. In 2024, Andalusia was the undisputed leader of the real estate sector among all 17 autonomous communities. As many as 124,799 flats and houses were purchased there last year, representing a share of nearly 20% of the Spanish market. However, the data does not include transactions from the primary market, which are included in the statistics with a one- or two-year lag.
According to the Registradores de España, Andalusia maintained its leading position in Q1 2025, with 36,318 property purchases, representing almost 20% of all transactions in Spain. 998 of these were made by Poles with a market share of 3.9%, placing them ninth in the ranking of foreign buyers, which is consistently led by the British. However, this may be about to change as new legislation – abolishing 'golden visas’ – comes into effect from 3 April 2025. This is the scheme that allowed non-EU nationals to obtain residency in Spain in return for a significant capital investment – including real estate. Also announced is a 100% tax for non-EU buyers of flats and houses, which would also apply to UK investors.
