Real Estate Market Report 1H 2023 - LF

Lucas Fox Spanish Real Estate Market Report / First half 2023


E merging from the long recovery of the pandemic, 2022 closed as a historical year of growth for the Spanish housing market and for Lucas Fox, with unprecedented appetite for residential properties. This was especially apparent in the luxury segments that attract foreign investors, who continue to display their confidence in the Spanish market. Coming into 2023 we see the market stabilising into a continued growth trajectory comparable to pre-pandemic levels. Despite sustained geopolitical uncertainty at European level and national political shifts, the Spanish economy has shown a strong performance to date.

Continued local and foreign demand for upmarket homes in Spain’s leading cities and sought-after coastal areas has again played to Lucas Fox’s strengths as an international brand with a superior quality of service that comes from decades of experience and leadership in the prime real estate segment. As a result, we have been able to take advantage of today’s strong demand. With its favourable climate and privileged location, many of our international clients view Spain as a safe haven in times of increased uncertainty, so we expect this strong demand to continue for many years as we focus on offering our clients the best portfolio of properties for sale in all the areas we cover.



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