The strong momentum currently experienced by the real estate sector at a national level is fully reflected in the investment figures recorded at the close of 2025. Real estate investment in Spain exceeded €18.4 billion in 2025, representing a 31% increase compared to 2024 and the highest volume since 2018, when €20.383 billion was reached. By sector, living, hotels, and retail accounted for 68% of total investment.

The solid year-end performance made it possible to surpass the 20% growth forecast announced for 2025. In addition, the year concluded with the third-best fourth quarter on record, reaching €5.291 billion, driven by large-scale transactions in the alternative segment and increased hotel sector activity in the final months of the year. At an Iberian level, investment grew by 29% in 2025 to €21.169 billion (compared to €16.450 billion in 2024), with Portugal recording growth of 17%.

Madrid and Barcelona accounted for 58% of total investment, while the remaining locations represented 42%, in line with the average of the last five years and well above the 29% recorded before the pandemic (2015–2019 average).

Regarding investor profile, institutional capital gained prominence due to corporate transactions and became the leading investor group in the Spanish market, accounting for 15% of the total. Socimis maintained the momentum of the previous year (11%), although with reduced traction in the second half of the year, while family offices and private investors reached 11% of total volume.

Spanish investors led the market with nearly 50% of total investment, followed by the United States (15%) and the United Kingdom (8%). Combined, these three nationalities accounted for approximately €13 billion invested in Spain, driven by transactions such as Vitalia and CVC’s corporate deals in alternative assets. Excluding corporate transactions, investment increased by 25% compared to 2024. In 2025, corporate transactions amounted to nearly €3.4 billion, compared to an annual average of €1.6 billion over the past five years.

At CG Capital Europe, we work hand in hand with international funds, institutional investors, and corporates to identify, structure, and execute real estate investment opportunities across all asset classes in Spain including living, hospitality, logistics, retail, and offices. With privileged access to global capital, deep market insight, and a proven track record in complex transactions, we deliver strategic advisory services that enhance value creation and investment performance. Spain’s solid market fundamentals, together with investors’ growing appetite for prime and sustainable assets, continue to drive strong momentum in the sector, positioning CG Capital Europe as a trusted partner for those seeking to capture the most attractive opportunities in one of Europe’s most dynamic real estate markets.

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