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What is happening in Costa Brava’s real estate market? Are prices going up or down? Is the region still a hotspot for foreign investors? How are local policies and taxes impacting real estate in 2025?
These are the questions everyone is asking us every day—professionals, buyers, and sellers alike, from Girona to Palamós and beyond. Perhaps you’re wondering the same thing.
We know this because we stay deeply connected with local professionals and people like you, diving into the Costa Brava real estate market every single day. That’s why we created this article: to provide clear answers, insightful analysis, and a well-rounded perspective on market trends and dynamics.
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) Online platforms will simplify buying, easing property purchases for foreign investors in Costa Brava
Online platforms have made it much easier for foreign investors to buy properties in Costa Brava. In 2023 and 2024, we saw a significant rise in the use of these platforms, with a 6.5% increase in property transactions in Spain facilitated through digital means. This growth was even more pronounced among foreign buyers, who contributed to a near-record level of activity in the Spanish property market.
Local real estate agencies in Costa Brava have partnered with international online platforms, making it simpler for foreign investors to find and purchase properties. These partnerships have integrated services that cater specifically to the needs of international buyers, such as multilingual support and virtual property tours. This means that investors can explore properties and complete transactions without needing to be physically present in Spain.
Technological advancements have also played a crucial role. Virtual tours allow potential buyers to view properties remotely, and digital documentation, including the use of blockchain technology, ensures secure and transparent transactions. These innovations have reduced transaction times and increased efficiency, making the buying process smoother and more appealing to foreign investors.
Sources: Gestiomaresme, Spanish Property Insight, C2C Property
2) Northern European buyers will increasingly target Costa Brava for its mild climate and lower property prices than their home countries
Foreign buyers from Northern Europe are increasingly eyeing Costa Brava for its mild climate and affordable property prices.
In 2024, 19% of the Spanish real estate market was made up of foreign buyers, with many choosing Costa Brava. Even though there was a slight dip in foreign sales in Girona Province, the interest remains strong, staying above the ten-year average.
Compared to other hotspots like Costa del Sol, property prices in Costa Brava are notably lower. This affordability, paired with the region's pleasant weather, makes it a top choice for Northern Europeans looking for a warmer, budget-friendly place to invest or settle down.
Northern Europeans are increasingly drawn to Mediterranean properties, largely due to factors like climate and cost-effectiveness. The cost of living in Costa Brava is generally lower than in Northern Europe, adding to its allure.
Surveys highlight that Northern Europeans are particularly attracted to Costa Brava's combination of affordability and lifestyle. The region offers a unique blend of scenic beauty and economic advantages.
With its lower property prices and appealing climate, Costa Brava is set to become an even more popular destination for Northern European buyers in the coming years.
Sources: Lucas Fox, World Estate, World Weather Online, Urban Land Institute, 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) Health and wellness tourism growth will boost interest in properties near spas and wellness centers
The rise of health and wellness tourism is a trend that has been gaining momentum over the past few years. In 2023, the global wellness economy reached a staggering $6.3 trillion, and wellness tourism alone accounted for $830.2 billion of that. This sector is expected to grow by more than 10% annually from 2023 to 2028, indicating a strong and sustained interest in wellness-focused travel.
Wellness travelers are known to spend significantly more than average tourists, with international wellness tourists spending 41% more per trip. This higher spending power makes properties near spas and wellness centers particularly attractive, as they cater to a clientele willing to invest in their health and well-being. The demand for wellness retreats and spa vacations is driven by affluent, educated, and well-traveled individuals who prioritize their health.
Increased media coverage on the benefits of wellness tourism has further fueled interest in this sector. As more people become aware of the advantages of health-focused travel, the demand for properties near wellness centers is likely to rise. Additionally, partnerships between real estate developers and wellness brands are becoming more common, enhancing the appeal of these properties.
Sources: Global Wellness Institute, Global Wellness Institute Blog, Hotel Dive
4) Home office spaces will boost property desirability as remote work remains common
In recent years, particularly in 2023 and 2024, we've seen a noticeable shift in the real estate market towards properties with dedicated home office spaces. This trend is especially evident in Costa Brava, where properties under €300,000 with such features are being quickly purchased. This indicates a strong demand for homes that cater to remote work needs.
The global rise in remote work has been significant, with millions of workers transitioning from traditional office settings to home-based work environments. In Spain, the percentage of workers in hybrid systems increased, and a substantial portion of higher-income individuals now work from home. This shift has made home office spaces a priority for many buyers.
In Costa Brava, the local property market has experienced robust growth, with a 15% increase in demand year-on-year by Q3 2024. This surge is largely driven by local buyers seeking homes that can accommodate remote work, as evidenced by the strong sales figures in the Girona property market.
Sources: 57 Group, Statista, Spanish Property Insight
5) Stricter rental rules will affect short-term markets, prompting investors to explore long-term rental strategies
In recent years, stricter rental regulations have significantly impacted the short-term rental market, especially in regions like Costa Brava. Back in 2023, the Catalan parliament introduced a decree law to better regulate tourist rentals, which included measures such as halting new rental permits in certain municipalities. This move was aimed at controlling the number of short-term rentals and ensuring that housing remains available for local residents.
These regulations have been accompanied by rising fines and penalties for non-compliance. Property owners are now required to register their properties, and failure to do so can result in hefty fines. This has made it increasingly challenging for short-term rental operators to continue their business without facing significant legal and financial risks.
As a result, there has been a noticeable decline in short-term rental listings. For instance, the availability of long-term rentals in Catalonia fell by 13% after the introduction of rent cap measures, indicating a shift away from short-term rentals. This decline is further exacerbated by local government initiatives, such as Barcelona's policy to ban short-term rentals by 2028, which aims to reclaim the housing market for local residents.
Investors are also expressing concerns about the regulatory risks associated with short-term rentals. The Catalan Developers Association has warned that these interventions could reduce the availability of long-term rentals and affect property values. Consequently, many investors are now considering long-term rental strategies as a more stable and less risky alternative.
Moreover, the demand for long-term rentals has been growing, offsetting the decline in short-term rentals. Major cities like Barcelona and Girona have seen a significant reduction in the availability of long-term rentals, indicating a shift in market dynamics. This growing demand, coupled with the need for more predictable income streams, is driving investors to focus on long-term rental opportunities.
Sources: Spanish Property Insight, Hostify, Catalan News
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6) Asian investors will start exploring Costa Brava as a new market for diversification
Asian investors are increasingly looking at European real estate as a way to diversify their portfolios. This trend has been evident over the past few years, with foreign home buying in Spain, including Costa Brava, showing strong performance. Between 2021 and 2023, foreigners made up 15% of total home purchases in Spain, indicating a growing interest in the region.
Improved flight connectivity between major Asian cities and Spain has made travel and investment more accessible. For instance, Girona-Costa Brava Airport saw a significant increase in users in 2023, which suggests that more people, including potential investors, are visiting the area. This increased accessibility can make Costa Brava a more attractive option for Asian investors.
Additionally, the Spanish government has introduced various incentives to attract foreign property investment. These measures simplify the process of buying property for foreigners, which can be particularly appealing to Asian investors looking for new opportunities. Furthermore, successful case studies of Asian investors in other Spanish regions can build confidence and encourage similar investments in Costa Brava.
Sources: Spanish Property Insight, Costa Brava Tourism, J.P. Morgan, Idealista
7) American buyers will increasingly target Costa Brava for unique European investment opportunities
American buyers are increasingly eyeing European real estate, especially in Costa Brava.
With more direct flights from the U.S. to Spain, it's now easier for Americans to visit and invest in Costa Brava. For example, United Airlines is launching nonstop flights from San Francisco to Barcelona in summer 2024. Plus, there will be more flights from New York to Malaga in 2025, making Costa Brava even more accessible.
Media buzz about Costa Brava's charm and investment potential is catching American attention. Articles highlight the region's property market forecast for 2024, noting rising demand across all price ranges. This coverage is drawing more eyes to the area.
Property values in Costa Brava are on the rise, with experts predicting stable prices and moderate growth due to high demand and limited supply. This makes it a hot spot for those looking to invest in European real estate.
American buyers are particularly interested in Costa Brava because of its unique blend of culture, scenery, and investment potential. The region offers a mix of stunning coastal views and rich cultural experiences, making it a desirable location for both living and investing.
As we move through 2025, expect to see more American investors exploring opportunities in Costa Brava, drawn by its promising real estate market and improved accessibility.
Sources: Afar, Masoinmobiliaria, Esales International, Air Malaga, Porfinca Costa Brava
8) Sant Feliu de Guíxols will maintain stable yields by balancing tourism and local demand
The yield in Sant Feliu de Guíxols is expected to remain stable due to a balanced interplay between tourism and local demand. The town has experienced a significant increase in tourism, thanks to its stunning coastal landscape and historical landmarks, which has brought in visitors from around the world and created employment opportunities.
Rental prices in the area have been on the rise, with a notable increase in both residential and short-term rental markets. For example, in January 2025, the average rental price per square meter was €7, marking a 30% increase from the previous year. This trend indicates a stable and growing demand for rentals, driven by both tourists and locals.
Local government initiatives, such as smart city projects, have enhanced the town's infrastructure, making it more appealing to both residents and visitors. These developments, along with a balanced ratio of tourist accommodations to residential properties, ensure that the local economy benefits from both tourism and long-term property investments.
Sources: Indomio, Costa Digital, Immo El Portalet
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) Rental yields in Blanes will drop due to an oversupply saturating the market
In recent years, the town of Blanes has seen a significant increase in the number of new rental property listings. This surge in listings has contributed to an oversupply of rental properties in the area, as reported by property portals like Idealista.
As a result of this oversupply, rental prices in Blanes have been declining compared to previous years. Landlords are often forced to lower their rental rates to attract tenants, which is a clear sign of a saturated market. Additionally, higher vacancy rates for rental properties in Blanes further indicate an oversupply, as property management companies report difficulty in finding tenants.
Real estate agencies have also been reporting an oversupply of rental properties in Blanes, highlighting the challenges faced by landlords in securing tenants. This situation is exacerbated by construction data showing a rise in new housing developments in Blanes, which adds to the oversupply without a corresponding increase in demand.
Sources: Porfinca Costa Brava, Spanish Property Insight, Spanish Property Insight
10) Property prices in Tossa de Mar will drop as younger buyers seek cheaper alternatives elsewhere
The property market in Tossa de Mar has been experiencing some changes recently. In 2023 and 2024, there was a noticeable decrease in demand, with the average price for residential properties dropping by 4.72% compared to December 2023. This suggests that fewer people are interested in buying homes there, which could lead to a decline in property prices.
One of the reasons for this shift is the changing preferences of younger buyers. Many young people, especially those aged 25 to 34, are facing financial challenges when it comes to buying property. They often need to save for more than six years just to afford a down payment. As a result, they are looking for more affordable options, and Tossa de Mar might not fit their budget.
Additionally, the trend of remote working has given younger buyers more flexibility in choosing where to live. They are now considering more affordable locations, which could lead to a decline in property prices in tourist-heavy areas like Tossa de Mar. The increasing cost of living in Tossa de Mar also makes it less attractive to these buyers, pushing them to seek better value elsewhere.
Sources: Indomio, Property Guides, Spain Real Estate
11) L'Escala will see rising property prices as retirees flock to its peaceful setting
L'Escala is quickly becoming a hotspot for retirees seeking a peaceful lifestyle.
With its serene beaches and charming streets, the town is drawing more retirees who are eager to enjoy a slower pace of life. This influx is not just a passing trend; it's a shift that's likely to push property prices up. The local government is on board, actively promoting L'Escala as a retirement haven by enhancing infrastructure and amenities to suit this growing demographic.
Real estate agents are noticing a buzz, with increased interest from retiree buyers who are captivated by the town's tranquil environment. This demand is a clear signal that property values might soon see a rise. The media is also playing a role, frequently spotlighting L'Escala's quality of life, which adds to its allure.
Demographic data backs this up, showing a steady stream of older adults moving in. This isn't just about numbers; it's about a lifestyle choice that more and more retirees are making. The town's appeal is further boosted by its picturesque setting and the promise of a peaceful retirement.
As L'Escala continues to gain popularity, the real estate market is poised for change. The combination of increased demand and strategic local government initiatives is setting the stage for a potential rise in property prices. For those considering a move, now might be the time to act before prices climb.
With its growing reputation as a retirement destination, L'Escala is on the radar for many looking to settle down in a serene environment. The town's charm and the promise of a peaceful life are proving irresistible, making it a top choice for retirees.
Sources: Marriott Homes and Villas, Iberian Property, Wikipedia
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12) Calella de Palafrugell's rental yields will rise as it gains popularity with long-term renters
The rental market in Calella de Palafrugell is poised for an increase in yields, largely due to its growing popularity among long-term renters. One of the key factors is the rising demand for rentals in the area, as evidenced by the steady rental prices from December 2023 to October 2024, which indicates a stable market with consistent interest from renters.
The Costa Brava region, where Calella de Palafrugell is located, has become increasingly popular due to its natural beauty and outdoor activities. This popularity is not just among tourists but also among expatriates, particularly from the UK, who are settling in the area and contributing to the demand for long-term rentals. The influx of expatriates is a clear sign of the area's appeal as a desirable place to live.
Additionally, local government initiatives promoting sustainable tourism and living are making the region more attractive to those seeking a long-term stay. These efforts, combined with improvements in local infrastructure, such as the development of coastal paths and scenic trails, enhance the quality of life for residents and make the area more appealing to potential long-term renters.
Sources: Indomio, Savills, Costa Brava Lifestyle
13) Cadaqués will see growth in its luxury market as it draws high-net-worth individuals seeking exclusivity
The luxury market in Cadaqués is on the rise, attracting high-net-worth individuals seeking exclusivity.
Over the past few years, property prices in Costa Brava have surged, and Cadaqués is no exception. This picturesque area offers a range of exclusive real estate options, from stunning waterfront villas to charming historic estates. Despite the increase, these properties are still competitively priced compared to other European luxury markets, making them a hot commodity.
One of the driving forces behind this growth is the increasing number of luxury real estate transactions in the region. Realtors have noted that a significant portion, about 80%, of these transactions involve foreign buyers. This highlights the strong demand for luxury properties in Cadaqués, as international buyers are eager to invest in this beautiful locale.
The influx of international buyers is a major contributor to the market's expansion. Costa Brava, with its breathtaking natural beauty and rich cultural heritage, has become a magnet for foreigners seeking luxury real estate. Favorable tax policies also play a role in attracting buyers from diverse regions, including Asia, the Middle East, and Latin America.
These international buyers are not just purchasing properties; they are investing in a lifestyle. Cadaqués offers a unique blend of tranquility and sophistication, making it an ideal destination for those looking to escape the hustle and bustle of city life. The area's charm and exclusivity are key factors in its growing appeal.
As more high-net-worth individuals discover the allure of Cadaqués, the luxury market is expected to continue its upward trajectory. The combination of competitive pricing, stunning properties, and a desirable location makes Cadaqués a prime choice for luxury real estate investment.
Sources: Idealista, Catalan News
14) Costa Brava will see rising demand for accessible, senior-friendly housing due to its aging population
The aging population in Costa Brava is driving up the demand for accessible and senior-friendly housing.
In Spain, nearly a fifth of the population is over 65, and Costa Brava is no exception. This trend is reshaping the housing market as more seniors seek homes that cater to their needs. With life expectancy in Spain reaching 84.12 years in 2024, people are living longer, which means they need homes that are easy to navigate and safe as they age. Many seniors prefer to stay in their own homes, a concept known as "aging in place," which further fuels the demand for such properties.
Costa Brava is not just attracting local retirees; it's becoming a hotspot for international retirees too. This influx is adding pressure on the housing market to provide options that are suitable for older adults. The trend isn't isolated to Costa Brava; other regions like Malaga and Alicante have already seen a rise in demand for senior-friendly housing. This shift is expected to continue, making Costa Brava a key area for real estate investors focusing on this demographic.
For those considering buying property in Costa Brava, it's worth noting that the region is adapting to meet these needs. Developers are increasingly focusing on creating homes that are not only accessible but also offer amenities that cater to an older population. This includes features like single-level living, wider doorways, and non-slip flooring, which are becoming more common in new developments.
Investing in senior-friendly housing in Costa Brava could be a smart move, given the growing demand. The region's appeal to retirees, both local and international, suggests that properties catering to this demographic will likely see increased interest. As the population continues to age, the need for such housing will only grow, making it a potentially lucrative market for investors.
Understanding these trends can provide valuable insights for anyone looking to invest in Costa Brava's real estate market. The combination of an aging population and the region's popularity among retirees creates a unique opportunity for those interested in senior-friendly housing.
Sources: Statista, Macrotrends, UPC Commons
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.