Real Estate Market Report 1H 2023 - LF

Lucas Fox Spanish Real Estate Market Report / First half 2023

BUYER PROFILE

An overview of our buyer profile in the first half of 2023 based on newly created sales contracts for all our markets offers a unique insight into the profile of upmarket buyers in Spain. This buyer profile reflects our upmarket and regional positioning, and is not representative of the wider market.

SALES BY AREA TYPE, H1 2023 Source: Lucas Fox company data

SALES BY PROPERTY TYPE, H1 2023 Source: Lucas Fox company data

SALES BY PURCHASE REASON, H1 2023 Source: Lucas Fox company data

CITY

APARTMENT/PENTHOUSE

PRIMARY RESIDENCE

47.5%

55.2%

46.7%

COAST

HOUSE/VILLA

SECOND HOME

32.4%

34.9%

33.2%

SUBURBS

COUNTRY HOUSE

INVESTMENT

7.4

5.5%

14.0%

LOCAL VS FOREIGN SALES, H1 2023 Source: Lucas Fox company data

COUNTRY

PLOT

GOLDEN VISA

5.5%

3.3%

ISLAND

UNKNOWN

4.1%

2.7%

LOCAL 34.1%

MOUNTAINS

3.0%

FOREIGN 65.9%

SALES BY AREA TYPE AND AVERAGE BUDGET, H1 2023 Source: Lucas Fox company data

2,000,000

Area type

1,709,790 1,001,278 1,147,893 1,154,984 H1 2022 av. price

Area type

1,912,911 1,355,090 1,347,074 H1 2023 av. price

Y-O-Y

1,500,000

11.9% 17.3% 17.4% -8.3% 0.1% -7.0%

Island City Suburbs Mountains Coast Country

Island City Suburrbs Mountains Coast Country

1,000,000

500,000

918,455 907,599 804,250

907,036 865,179