Americans seek luxury homes - Property purchases in Spain increase
Home purchases in Spain by American citizens rose 3% last year, even as total foreign purchases fell, with real estate agents citing concerns about President Donald Trump's policies as one of the reasons for the surge in American demand.
In a market long dominated by Britons and northern Europeans seeking refuge from harsher climates in Spain's beaches and sunny plains, buyers from the United States have made a tangible inroad in the past decade.
Foreign buyers made up about 19% of all home purchases in Spain in 2025, with Americans making up 2% of the total, according to data from the General Council of Notaries of Spain. American buyers were particularly active in the high-end segment.
While the British remained the largest group of foreign buyers at around 8% of the total, their purchases fell by 16% over the past six years, in contrast to a tripling of deals by American buyers over the same period.
The surge in American purchases in Spain comes at a time of growing tensions between Washington and Madrid. American buyers stood out in the premium property market, paying an average of 3,501 euros per square meter, 29% more than the average paid by foreign buyers and almost double the amount spent by Spanish residents. Along with Swedes and Germans, Americans ranked among the top three groups of foreign buyers paying the highest prices.
According to real estate developer GILMAR, American buyers became the main group of its foreign clients in the popular sun and beach region of Costa del Sol in southern Spain last year, surpassing the British.
Americans became the firm's second-largest group of foreign clients, after the British, overtaking Germans. She said American buyers were buying mainly in the premium segment, with homes priced above 3 million euros. A strong dollar has been another factor driving U.S. purchases, and analysts said underlying demand should be strong enough to maintain the upward trend even as the U.S. currency weakens against the euro.
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