Authored by the expert who managed and guided the team behind the Spain Property Pack
Everything you need to know before buying real estate is included in our Spain Property Pack
What will happen in Costa Brava’s real estate market? Will prices go up or down? Is this region still a hotspot for foreign investors? How are local government policies impacting real estate taxes and regulations in 2025?
We’re constantly asked these questions because we’re deeply involved in this market. Through our work with local real estate agents, property developers, and clients who buy properties in Costa Brava, we’ve gained firsthand insights.
That’s why we created this article: to provide clear answers, insightful analysis, and a well-rounded perspective on market predictions and forecasts.
Our goal is simple: to ensure you feel informed and confident about the market without needing to look elsewhere. If you think we missed the mark or could do better, we’d love to hear your thoughts. Feel free to message us with your feedback or comments, and we’ll work hard to improve this content for you.
1) Rental yields in Costa Brava will rise as short-term vacation rentals gain popularity with tourists
In recent years, Costa Brava has seen a steady increase in tourist arrivals, attracting a diverse mix of visitors such as families, retirees, and adventure seekers. This consistent demand for short-term rentals is a key factor in the potential rise of rental yields in the area.
The popularity of short-term rental platforms like Airbnb has been on the rise. For instance, in Girona, a city in Costa Brava, short-term rentals have a median occupancy rate of 80% and generate an average annual host income of €29,000. This high occupancy rate indicates a strong demand for short-term rental properties.
Moreover, the vacation rental market in Spain is growing, with about 25% of international visitors preferring private rentals over hotels. This trend suggests a significant market for vacation rentals, which can lead to higher rental yields in Costa Brava.
Additionally, beachfront properties in Costa Brava are known to generate higher rents, with yields typically ranging from 10% to 12%. This profitability makes short-term rentals an attractive investment in coastal areas.
Sources: Airbtics, Airbtics, 57 Group, The Property Finders
2) Sea-view properties in Costa Brava will remain in high demand, keeping their premium prices
Properties with sea views in Costa Brava have consistently been in high demand, and this trend is expected to continue. The region's strategic location near Barcelona, combined with its rich cultural heritage, makes it a prime spot for both tourists and property buyers. In 2023, Costa Brava saw over 7.4 million tourists, which significantly boosts the demand for coastal properties.
The property market in Costa Brava has shown a steady increase in prices over the past few years, particularly for those with sea views. Even in 2023, when there was a general decline in demand, property prices continued to rise, with a notable 5.7% increase in the first quarter of 2024. This indicates a strong market resilience and a continued interest in these exclusive properties.
One of the key factors driving the premium pricing of sea-view properties is the limited availability of coastal land. This scarcity, coupled with high demand, naturally leads to higher prices. Additionally, the influx of foreign buyers, especially from the UK and France, further pushes up property values in these desirable coastal areas.
Sources: 57 Group, Costa Brava Tourism, 57 Group, Spanish Property Insight
We did some research and made this infographic to help you quickly compare rental yields of the major cities in Spain versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you’re planning to invest there.
3) More international buyers will invest in Costa Brava for second homes due to the rise of remote work
The rise of remote work has been a game-changer in how people live and work. By 2023, about 28% of employees worldwide were working remotely, a significant increase from 20% in 2020. This shift has opened up new possibilities for where people can live, as they are no longer tied to a specific location for their jobs.
With this newfound flexibility, many remote workers are looking for secondary residences in vacation destinations. The Costa del Sol property market, which includes Costa Brava, has already seen growth due to the increased mobility of digital nomads and a post-pandemic desire to relocate to warmer climates. This trend suggests that Costa Brava could also experience similar demand.
Moreover, the appeal of regions like Costa del Sol as second-home destinations is driven by their Mediterranean lifestyle, excellent infrastructure, and vibrant expat communities. Costa Brava, with its similar attractions and proximity, is likely to attract the same interest from international buyers looking for a secondary residence.
Sources: Splashtop, Asset Folio
4) New developments in Costa Brava will become more attractive due to government incentives for green building practices
Government incentives are making Costa Brava's new developments more attractive by promoting green building practices.
In Spain, the government has rolled out initiatives like the National Energy Efficiency Fund (NFEE), which is a big deal for anyone interested in sustainable living. This fund, backed by the EU, pours about EUR 350 million annually into energy-saving projects, making it a key player in the green building scene.
Green building certifications are gaining momentum, too. By the end of 2023, Spain had 1,396 buildings registered in the LEED programme, with 807 of them certified. This trend is catching on, especially in Costa Brava, where developers and buyers are increasingly drawn to sustainable practices.
The Spanish government is also serious about its environmental goals, as seen in the Integrated National Energy and Climate Plans (INECP). These plans aim to cut down greenhouse gas emissions and boost renewable energy use, aligning with global sustainability efforts.
For those eyeing property in Costa Brava, these green initiatives mean more than just eco-friendly living. They also translate to potential savings on energy bills and a smaller carbon footprint, making these properties even more appealing.
With the government's push for sustainability, Costa Brava's new developments are not just about beautiful views and sunny weather. They're about being part of a forward-thinking community that values the environment and future generations.
Sources: InSpain News, Logistic Industrial Build Madrid, Baker McKenzie Resource Hub
5) Prices in Costa Brava's less developed areas will rise as more foreign buyers target these regions
In recent years, property prices in popular Costa Brava areas have been rising steadily. This is mainly due to high demand and limited supply, especially for coastal properties with stunning views. As a result, these areas have become quite expensive, making them less accessible for some buyers.
Foreign buyers have shown a strong interest in Spanish real estate, with a significant portion of the market involving international investors. Even though there was a slight decline in foreign sales in Costa Brava in 2024, the interest from foreign buyers remains substantial. This ongoing interest suggests that international investors are still keen on exploring opportunities in the region.
However, the well-developed areas of Costa Brava are experiencing overcrowding and saturation, which has pushed property prices even higher. This situation is prompting foreign buyers to look for alternatives, such as less developed areas that offer more affordable options and potential for growth. Additionally, recent infrastructure developments, like new roads and airports, have made these less developed areas more accessible, further attracting foreign interest.
Experts predict that property prices in underdeveloped areas of Costa Brava will continue to grow, driven by high tourism and limited supply. This trend is similar to what has been observed in other coastal regions, where foreign investment has led to robust growth in property prices. The rise of remote working also allows buyers to consider less central locations, making less developed areas more appealing.
Sources: Lucas Fox, 57 Group, Asset Folio
Get fresh and reliable information about the market in Costa Brava
Don't base significant investment decisions on outdated data. Get updated and accurate information with our guide.
6) Co-living spaces will become more popular in Costa Brava, especially among young professionals and digital nomads
The popularity of co-living spaces in Costa Brava is set to grow, especially among young professionals and digital nomads, due to several compelling reasons.
Firstly, the rising demand for flexible living arrangements is evident, with co-living projects in Spain achieving high occupancy rates quickly. This trend is not just local but global, driven by millennials and Gen Z who prefer community-oriented living. The success of co-living projects in urban areas like Madrid highlights the potential for similar success in Costa Brava.
Moreover, Spain has become a top destination for digital nomads, with regions like Costa Brava attracting them due to its appealing lifestyle and climate. The demographic shift towards remote work, supported by strong infrastructure in cities like Barcelona, further fuels this trend. Government initiatives offering financial incentives to digital nomads also play a crucial role in this growth.
Additionally, surveys indicate a strong preference for community-oriented living among younger generations, which aligns with the co-living model. The affordability of co-living, as seen in places like Barcelona, makes it an attractive option for those seeking a balance between work and life. Increased investment in co-living developments by real estate companies suggests a growing interest in this market, likely leading to more spaces in Costa Brava.
Sources: Savills, Move2Marbella, Cactus CoLiving, Idealista
7) Demand for accessible and senior-friendly housing in Costa Brava will grow as the population ages
The aging population in Costa Brava is expected to lead to a higher demand for accessible and senior-friendly housing options. As of January 2024, nearly a fifth of Spain's population was aged over 65, and this trend is projected to continue, with the elderly population expected to nearly double by 2050. This demographic shift means more people will need housing that accommodates their needs as they age.
Additionally, the high life expectancy in Spain, with women living approximately 86.2 years and men about 80 years, suggests that people will live longer and may face more health-related challenges as they age. This increases the need for housing that is not only accessible but also equipped to handle potential health needs. Many seniors prefer to age in place, meaning they want to stay in their own homes as they grow older, which further drives the demand for senior-friendly housing options.
Moreover, real estate market trends show a rise in demand for single-story homes or properties with elevators, which are essential for older adults with mobility issues. This trend is supported by the growing number of retirees moving to regions like Costa Brava, seeking homes that cater to their needs. The combination of these factors indicates a clear need for more accessible and senior-friendly housing in Costa Brava.
Sources: Statista, Catalan News, PineBridge
8) Costa Brava property prices will rise moderately as it becomes a popular retirement spot for Europeans
Costa Brava is becoming a hot spot for European retirees, leading to a steady rise in property prices.
Why Costa Brava? It's not just the stunning views and beaches. The Mediterranean lifestyle and stable economy make it a dream for retirees. Imagine enjoying a high standard of living with a climate that feels like a permanent vacation.
As more Europeans choose Costa Brava for retirement, property demand is outpacing supply. This means prices are likely to keep climbing, but not too fast—just enough to make it a smart investment.
Foreign investment is also on the rise, especially from Europeans. Digital nomads and post-pandemic relocations are adding to the buzz, making Costa Brava a vibrant, international community.
Infrastructure is keeping pace with this growth. Home care services like those from ZorgTeam Costa Brava are making life easier for retirees, adding to the region's appeal.
With immigration as the main driver of population growth in Spain, the number of foreign-born residents is set to rise significantly by 2050. Costa Brava is right at the heart of this trend.
Sources: Porfinca Costa Brava, BBVA Research, ZorgTeam Costa Brava, Asset Folio, BRIC Group
We have made this infographic to give you a quick and clear snapshot of the property market in Spain. It highlights key facts like rental prices, yields, and property costs both in city centers and outside, so you can easily compare opportunities. We’ve done some research and also included useful insights about the country’s economy, like GDP, population, and interest rates, to help you understand the bigger picture.
9) Luxury villa prices in Costa Brava will rise as remote work lets affluent buyers move there
Luxury villas in Costa Brava are poised for a price hike as more affluent buyers eye the region.
Known for its stunning coastline, Costa Brava is a hotspot for international buyers looking for second homes or investment properties. Areas like Begur, Pals, and Palafrugell are especially in demand, highlighting the strong interest in these picturesque locations.
The rise of remote work is a game-changer, with many companies embracing hybrid models. This shift gives wealthy professionals the freedom to settle in desirable coastal areas like Costa Brava, attracted by its lifestyle and easy access. Surveys reveal that remote workers have a growing preference for coastal living, which is boosting the demand for luxury villas.
Foreign investors are no strangers to Spain's property market, with a significant portion of transactions involving international buyers. In 2023, over 21% of property deals were made by foreign investors, underscoring the global appeal of Spanish real estate.
Media coverage has put Costa Brava in the spotlight as an ideal location for remote work, enhancing its visibility and allure to potential buyers. This increased attention is likely to drive up property prices as more people discover the region's charm.
With these factors in play, Costa Brava's luxury villa market is set to thrive, making it a prime choice for those looking to invest in a coastal paradise.
Sources: Spanish Property Insight, Nextaff, Think Spain
10) Demand for homes near natural parks in Costa Brava will grow as interest in wellness and outdoor activities rises
Wellness tourism is booming, growing faster than the overall tourism sector.
In 2023, Costa Brava welcomed 7,438,711 tourists, who enjoyed over 25 million overnight stays. This surge in visitors shows a strong interest in outdoor activities, with many flocking to the region's stunning natural parks.
Activities like hiking and cycling are becoming increasingly popular in Costa Brava. Tourists are staying for an average of 3.4 nights, indicating they are keen to explore the great outdoors, which makes properties near these parks more attractive.
Media and social media are buzzing about the perks of living close to nature, which is driving up demand for homes in these areas. Real estate reports confirm a growing interest in properties near natural parks, as people look for a lifestyle that blends nature with comfort.
Sources: Costa Brava Tourism Figures 2023, Global Wellness Institute
11) Affordable housing development in Costa Brava will rise due to new regulations, affecting property values
In 2023, the Spanish government introduced a new Housing Act that increased the amount of land reserved for low-cost housing from 30% to 40%. This change was designed to boost the social housing sector and make it easier for developers to build affordable homes.
Additionally, the Catalan clampdown on holiday rentals in 2023 required all owners renting to tourists to apply for a license. This regulation aimed to reduce short-term rentals, which could lead to an increase in long-term rentals and encourage the development of more affordable housing options.
Historical data from other regions, like Barcelona, showed that similar regulations led to an increase in long-term rentals, contributing to a more stable and affordable housing market. This trend was also observed in countries like Germany, where strict regulations on short-term rentals improved housing affordability.
In Costa Brava, over half of renters in Spanish cities spent more than 40% of their income on housing, highlighting the need for affordable housing. The Bank of Spain estimated that Spain needed 500,000 new homes by 2025 to address the current shortage, which included areas like Costa Brava. This shortage could drive up property values but also incentivize developers to build more affordable housing.
Sources: Immo365 Costa Brava, Spanish Property Insight, Spanish Property Insight
Don't buy the wrong property, in the wrong area of Costa Brava
Buying real estate is a significant investment. Don't rely solely on your intuition. Gather the right information to make the best decision.
12) Demand for larger homes in Costa Brava will grow as multi-generational living becomes more popular
In recent years, we've seen a significant rise in multi-generational households in Spain. By 2023, nearly 18% of the population was living in such arrangements, a trend that has been growing steadily over the decades.
In Costa Brava, this shift is particularly noticeable among young adults. Almost half of those aged 18 to 29 were living with their parents, a level not seen since the 1940s. This indicates a strong preference for larger homes that can comfortably accommodate multiple generations.
Real estate agents in Costa Brava have observed an increase in inquiries for larger homes. Families are drawn to the region for its potential to provide spacious living arrangements, which are essential for multi-generational living.
Architectural trends are also adapting, with more homes being designed to include features like separate entrances and dual master suites. This caters to the growing demand for homes that can support extended family living.
Economic factors play a crucial role as well. The high cost of housing in many parts of Spain makes shared living an attractive option, prompting families to consider larger homes in areas like Costa Brava.
Moreover, cultural shifts towards family-centric lifestyles have reinforced the appeal of multi-generational living. Families are increasingly prioritizing shared living arrangements for the emotional and social benefits they offer.
Sources: Marketplace, CBC Worldwide
13) Demand for small apartments in Costa Brava will drop as families move to larger suburban homes
In recent years, we've seen a noticeable shift in the housing market dynamics in Costa Brava's urban centers. One of the main reasons for this change is the rising property prices in these areas, which have made small apartments less affordable for many families. For example, in Alicante, property prices increased significantly in 2024, making it challenging for families to find affordable housing in the city.
Another factor contributing to this trend is the increased opportunities for remote work. With more people able to work from home, families have the flexibility to move away from crowded city centers and seek larger living spaces in suburban areas. This shift is supported by consumer surveys that indicate a preference for larger homes, which are more commonly found outside urban centers.
Additionally, demographic changes in Spain show an increase in family households, which naturally drives the demand for larger homes. Urban planning reports also highlight the development of suburban projects aimed at providing more spacious living options, further encouraging families to move to these areas. Improvements in transportation infrastructure have made suburban areas more accessible, reducing the need for families to live in densely populated urban centers.
Sources: Nardia, Spain Easy
14) Rental demand in Costa Brava will grow as younger people prefer flexibility over owning homes
The demand for rental properties in Costa Brava is expected to rise as younger generations prioritize flexibility over homeownership. This trend is evident from the increasing number of younger people expressing a preference for renting rather than buying homes. Economic studies have shown that financial constraints and student debt are significant factors contributing to reduced homeownership rates among younger demographics.
The growing popularity of remote work and digital nomadism has also played a crucial role in this shift. Since the COVID-19 pandemic, there has been a significant increase in remote workers, and countries like Spain have introduced digital nomad visas to attract these individuals. This has led to a higher demand for rental properties, as remote workers often seek flexible living arrangements.
Additionally, social media trends and media coverage highlight the appeal of flexible living arrangements, further reflecting the growing preference for mobility and flexibility over traditional homeownership. These lifestyle changes, driven by financial constraints and the desire for travel and exploration, contribute to the rising demand for rental properties in Costa Brava.
Sources: Assetfolio, IMI Daily, Remote Tribe
We made this infographic to show you how property prices in Spain compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It’s an easy way to spot where you might get the best value for your money. We hope you like it.
15) Demand for eco-friendly homes in Costa Brava's coastal towns will rise as buyers become more environmentally conscious
In recent years, we've seen a noticeable shift in the priorities of homebuyers, especially in places like Costa Brava. Back in 2023 and 2024, there was a growing trend towards eco-friendly homes, driven by a heightened awareness of climate change. This awareness has only increased, making sustainability a significant priority for those looking to buy second homes in Spain.
Developments in Costa Brava have responded to this demand by incorporating high-quality materials and sustainable practices. For instance, new projects by developers like Lucas Fox are designed to cater to buyers who want luxury living without compromising on sustainability. This trend is not just about luxury; it's about integrating eco-friendly features that appeal to environmentally conscious buyers.
Moreover, the availability of green building materials and technologies has made it easier for developers to include sustainable features in their projects. This includes the use of solar panels and energy-efficient systems, which not only reduce energy costs but also attract buyers who are mindful of their carbon footprint. The influence of social media in promoting sustainable living has further fueled interest in eco-friendly homes, making them a popular choice among modern buyers.
Sources: Prop News Time, MDR Luxury Homes, Lucas Fox
16) Demand for traditional Catalan-style homes will rise as buyers look for culturally and historically significant properties
Interest in traditional Catalan-style homes is on the rise as more buyers look for properties with cultural and historical significance.
In 2024, the property market in Girona province saw a 10% increase in home sales, which is 15% above the ten-year average. This shows a strong local demand for homes that offer a slice of history and culture.
The Costa Brava and Girona Pyrenees are now hot spots for cultural tourists, drawn by their rich heritage and unique identity. This growing interest in Catalan culture is boosting the demand for traditional homes in these areas.
Real estate listings in Costa Brava are increasingly featuring traditional Catalan architecture, appealing to buyers who value cultural and historical aspects in their homes. The media and social media trends are also playing a role by highlighting the charm of these homes.
Buyers are captivated by the distinctive features of Catalan-style homes, such as their rustic stone walls and charming courtyards, which offer a unique living experience.
As more people discover the allure of Catalan culture, the demand for these homes is expected to continue growing, making them a sought-after choice for those looking to invest in a piece of history.
Sources: Spanish Property Insight, Costa Brava Press, Hotel Reymar Tossa
17) Virtual reality will enhance property viewings in Costa Brava, simplifying investment for international buyers
Virtual reality (VR) technology is changing the way people view properties, especially in places like Costa Brava. In the past few years, we've seen a big increase in the use of VR in real estate, allowing buyers to take immersive tours of homes without being there in person. This is particularly helpful for international buyers who can't easily travel to see properties in Costa Brava.
In 2023 and 2024, there was a noticeable rise in international property purchases in Costa Brava, even though there was a slight dip in foreign sales in the Girona province. The interest from international buyers remained strong, with prime property sales increasing significantly. This shows that the market is robust and appealing to buyers from around the world.
Many buyers now prefer virtual tours because they provide a realistic view of properties quickly and conveniently. Real estate agencies have noticed this trend and are increasingly offering VR tours as part of their services. This digital transformation in the real estate industry is making it easier for international buyers to explore and invest in properties remotely.
Success stories from other regions, like the Costa del Sol, where VR was used to sell luxury apartments before they were even built, highlight the potential for similar success in Costa Brava. Real estate companies like Lucas Fox have reported faster sales and more inquiries after adopting VR, proving its effectiveness in attracting international buyers.
Sources: ADS Marketing, Lucas Fox, AZ Big Media, Modula World, Spanish Property Insight
While this article provides thoughtful analysis and insights based on credible and carefully selected sources, it is not, and should never be considered, financial advice. We put significant effort into researching, aggregating, and analyzing data to present you with an informed perspective. However, every analysis reflects subjective choices, such as the selection of sources and methodologies, and no single piece can encompass the full complexity of the market. Always conduct your own research, seek professional advice, and make decisions based on your own judgment. Any financial risks or losses remain your responsibility. Finally, please note that we are not affiliated to any of the sources provided. Our analysis remains then 100% impartial.