Real Estate Market Report 1H 2023 - LF

Lucas Fox Spanish Real Estate Market Report / First half 2023


With more than 30 offices in prime areas of Spain, Andorra, Portugal and the south of France focusing on property brokerage services for both local and international clients, Lucas Fox has a unique perspective that we periodically share in our market reports to help our clients and business partners understand the current state of the prime Spanish property market, in particular the regions and segments of most interest to mid to high-end local and foreign buyers. Unless otherwise stated, we used the latest data available from the Ministry of Transport, Mobility, and Urban Agenda (MITMA) for sales

figures, and the property portal Idealista for asking price data. Buyer profiles are based on Lucas Fox data for new sales contracts signed in the first half of 2023. In places where we use data from the College of Spanish Notaries or Spanish Land Registrars’ Association, we make this clear. House price data from the notaries is based on actual sales prices. Trend lines and index gauges start in the first quarter of 2019 to benchmark market performance against the last normal year before the coronavirus pandemic, and help illustrate how the market has performed since then.


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