Insights

As of September 2024, Latin American investment represents 1.5% of the total in the Spanish real estate sector, with sustained growth trends.

Latin American capital investment in the Spanish real estate market has seen a notable increase in the first nine months of 2024, reaching 125 million euros. This figure represents 1.55% of the total, a 67% increase compared to the 75 million euros invested during the same period in 2023, when its share was 0.98%, according to data from the CBRE consultancy.

While national capital leads with 55% of investments, followed by the U.S. and the UK, Latin American interest in the Spanish residential sector continues to grow. This interest is driven largely by buyers from Mexico and other countries who seek stability and quality of life in Spain.

Madrid stands out as a main destination, especially for high-net-worth Latin American families, with its Latin community expanding. Savills, a real estate consultancy, notes that the city has become a magnet for migrants from countries such as Argentina, Mexico, and Colombia. Additionally, U.S. buyers of Latin origin have increased their property purchases in Spain, showing heightened interest, particularly with a potential political shift in the U.S.

Furthermore, investment funds have doubled their share in the sector, rising from 8% in 2023 to 17% in 2024, while private investment remains steady at 16%. CBRE anticipates a potential increase in investment activity due to lower financing costs, despite current geopolitical challenges.