Spanish economic strength fuels property market success

Last year, Savills flagged positive economic trends in Spain as “fuelling a supportive environment for the residential property market nationwide,” citing 2023’s GDP growth of 2.5%, which far outstripped the forecast 1.0%. By the end of 2023, the country’s unemployment rate had also dropped by 1.1% compared to a year earlier. The positive news continues, with Spain’s National Statistics Institute (INE) revising its GDP growth estimate for 2024 up from 2.9% to 3.5%. That prompted Caixa Bank to revise its estimate for 2025 up to 2.9%, pointing out that “the Spanish economy defies the global environment and beats expectations.”

For domestic and international buyers, this strong economic backdrop presents the ideal opportunity to buy into Spain’s housing market. Marc Pritchard, Sales and Marketing Director at leading Spanish home builder Taylor Wimpey España, explains:

“Spain is exhibiting a strong and dynamic economy, with growing employment and steadily rising property prices. For those who want to take advantage of current growth trends, now is the time to buy.”

The latest report by property market analysts Tinsa points to Spain’s islands as seeing the most significant house price growth over the last year, with an increase of 16.7% in the 12 months to September 2025. Nationally, the increase stood at 12.3%, while along the Mediterranean coast it was 11.9%.

Homebuyers keen to take advantage of the dynamic market are often drawn to the convenience and certainty that comes with purchasing a brand new, key-ready property. Taylor Wimpey España’s Marc Pritchard continues:

“Buying a high quality, brand-new home that’s ready to move into immediately suits buyers keen to move at the fast pace of the current market. It’s a straightforward way to purchase a home that often appeals particularly to international buyers. With construction complete, the buyer can see exactly what they’re purchasing and there are no waiting times or unexpected delays. It’s all very simple and efficient.”

While the majority of Taylor Wimpey España’s properties are sold off-plan, the firm has a select few key-ready homes available for buyers in the Costa del Sol, Costa Blanca and Mallorca. All feature superior finishes, including contemporary interiors, generous private outdoor spaces and communal green areas and swimming pools.

At Mare in Marbella, key-ready homes are priced from €645,000 plus VAT for a two-bedroom apartment, with three-bedroom apartments and four-bed penthouses also available at the stylish development. Just a four-minute stroll from the seafront promenade and three minutes from the ancient part of San Pedro de Alcantara, the location delivers an exceptional lifestyle.

Mare’s contemporary homes are rated “A” for their energy efficiency, as are the properties at Eden Beach in Torrevieja. Located 700m from the beautiful La Mata beach, the southeast-facing homes deliver magnificent views over the Mediterranean Sea. Layouts flow from open plan indoor areas to good sized terraces and private gardens (on the ground floor), with the surrounding communal gardens including pretty cascading pools. Prices start from €285,000 plus VAT, with an exclusive offer currently available on furniture and lighting packs for ground floor apartments.

In Cala d’Or, on the island of Mallorca, the last two-bedroom homes at Compass are available from €398,000 plus VAT. The properties surround a large communal pool area with sun terrace, sited just a five-minute wander from Cala d’Or’s pleasant marina. The apartments are bright, airy and ready to move into, meaning buyers can simply arrive, unpack and start enjoying the idyllic island lifestyle.