Belgian interest at record level
The Spanish real estate market is booming. In the first half of this year, no less than 357,533 properties changed hands – the highest figure since 2007. This suggests that 2025 may become a historic record year. International buyers play a major role, with almost 50,000 transactions, including 2,389 Belgians.
Why Spain remains so attractive
Spain has long been a top destination for foreign buyers. Not only because of its favorable climate and lifestyle, but also because properties are still competitively priced compared to other European countries.
According to Pascal Raeymaekers, real estate expert at NB-ESTATES, the appeal lies in the unique combination of emotion and experience:
“It is mainly the value for money and the unique holiday feeling that motivate people to buy a house or apartment in the south.”
— Pascal Raeymaekers
Despite stricter rules on tourist rentals, which since April require approval from the homeowners’ association, demand remains high. The figures show that Belgian interest is at an all-time high.
A market in motion
Most transactions still involve existing homes, but new developments are gaining importance. For buyers, this means a wide choice: from charming resale apartments to contemporary projects that focus on sustainability and comfort.
Carl Vorsselmans, owner of NB-ESTATES, explains this trend:
“This increase is due to the growing demand for modern, energy-efficient homes and attractive investment returns.”
— Carl Vorsselmans
Rising prices, but still attractive
The flip side of popularity is rising prices. In four years, property in Spain has become 26.3 percent more expensive, with a national average of 2,251 euros per m². In popular coastal areas prices are even higher, with Marbella peaking above 5,200 euros per m².
Nevertheless, Spain remains attractive compared to other Southern European countries. The combination of quality of life, favorable prices and investment opportunities makes it a strong option for both second homes and long-term investments.
Expertise that inspires trust
The fact that both Pascal and Carl shared their vision in Business AM highlights the broad expertise of NB-ESTATES. On the one hand, we understand what drives foreign buyers – emotion, lifestyle and quality of living – and on the other hand, we analyze the market from the perspective of return, sustainability and long-term value. This combination allows us to guide clients from the very first meeting to the handover of the keys with full confidence.
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