Marbella For Sale Blog

Here you will find news, views, events and information relating to real-estate in Spain.

Property Prices Rise as Demographics Shift

Couple standing in the garden of their new luxury house
A younger generation of buyers is showing up

A younger generation of buyers is showing up

Spain’s property market continues to record significant price growth, although the latest figures suggest that the pace of increases may be beginning to moderate. According to Fotocasa’s October 2026 Property Index, the average asking price of resale homes across Spain has risen by 13.2% over the past year, reaching €3,158 per square metre.

The figures highlight a housing market where affordability remains a major concern, particularly for buyers entering the market for the first time. At the same time, separate research reveals another important development: the profile of buyers considering newly built homes is becoming younger, increasingly family-oriented, and concentrated among higher-income households.

For the Costa del Sol, where demand spans permanent residences, second homes, and investment properties, these developments offer valuable insight into how the Spanish property market is evolving.

Property Prices in Spain: 72 Consecutive Months of Annual Growth

October 2026 marked the 72nd consecutive month of year-on-year resale price increases in Spain, extending a trend that began in November 2020.

Nationally, asking prices increased by 0.7% compared with September and 13.2% compared with October 2025.

To illustrate the financial impact, data shows that the average advertised price of an 80 m² home has increased from €223,129 to €252,652 in just twelve months. That represents approximately €29,500 more for the same-sized property.

Although prices continue to rise, the rate of growth is showing signs of moderation. Higher mortgage borrowing costs and the increasing financial requirements associated with purchasing a home are beginning to constrain demand.

The proportion of people looking to buy has declined by one percentage point over six months, suggesting that affordability is increasingly influencing purchasing decisions.

However, slower price growth should not be confused with falling property prices. The latest data still indicates widespread increases across the country.

Málaga Remains Among Spain’s Most Expensive Property Markets

The regional figures are particularly relevant to buyers and sellers on the Costa del Sol.

Andalucía recorded an annual resale price increase of 8.6%, bringing the regional average to €2,920 per square metre.

Málaga province, however, stands considerably above that regional average.

At €4,572 per square metre, Málaga ranks as Spain’s fourth most expensive province for resale property, behind only the Balearic Islands, Madrid, and Gipuzkoa.

Málaga city also features prominently in the national rankings, with an average advertised price of €4,359 per square metre.

These figures reinforce the importance of Málaga province within Spain’s property market, although substantial differences exist between individual municipalities, neighbourhoods, and property types.

In Marbella, Benahavís, Estepona, and surrounding areas, factors such as location, sea views, construction quality, amenities, and proximity to the coastline can produce considerable variations in asking prices.

For buyers, understanding these local differences is essential when comparing properties. For sellers, realistic pricing based on comparable properties remains an important part of an effective marketing strategy.

The New-Build Buyer Is Getting Younger

While resale property prices continue to attract attention, another significant change is taking place in Spain’s new-build market.

According to the, 35% of buyers considering newly built properties are now under 35, compared with 23% in 2024.

The average age of this buyer group is 41, three years younger than in 2024.

This suggests that newly built homes are attracting increasing interest from younger households, particularly those looking for modern specifications, energy efficiency, and properties suited to their longer-term residential needs.

However, younger does not necessarily mean less financially established.

The same research shows that 67% of prospective new-build buyers belong to upper-middle or high socioeconomic groups.

This highlights an important distinction: while younger buyers are becoming more prominent, purchasing a newly built home remains financially challenging for many households.

Families and Former Tenants Are Driving Demand

The changing buyer profile also reveals how new-build properties are being used.

Data suggests that 35% of prospective buyers live with a partner, while another 36% live with a partner and children.

Furthermore, 37% previously lived in rented accommodation, compared with 44% who already owned their home.

These figures suggest that new-build demand is not driven exclusively by investors or existing homeowners purchasing additional properties. A substantial proportion of buyers are seeking a permanent home or making the transition from renting to ownership.

Indeed, 82% of buyers considering new-build properties intend to use them as their main residence.

Investment interest is nevertheless increasing, with the proportion purchasing for investment rising from 4% in 2025 to 7% in 2026.

What Does This Mean for the Costa del Sol Property Market?

The combination of rising prices and changing buyer demographics has several implications for the Costa del Sol.

First, affordability is likely to play an increasingly important role in property selection. Buyers may need to compare locations more carefully, consider different property types, or assess the relative advantages of resale and new-build homes.

Second, modern residential developments may appeal to a broader demographic than traditionally associated with the Costa del Sol’s second-home market.

Energy-efficient construction, practical layouts, outdoor living space, parking, and access to schools and everyday services are all relevant considerations for families seeking permanent accommodation.

Third, demand for newly built homes may remain competitive where supply is limited, particularly in established residential areas with good infrastructure.

Andalucía accounts for 17% of the buyers in Fotocasa’s research who have considered purchasing new-build property, second only to Madrid at 19%.

Although these are regional rather than Costa del Sol-specific figures, they demonstrate the importance of Andalucía within Spain’s new-build market.

A More Selective Market Ahead?

Spain’s property market is entering an interesting period.

Prices remain elevated, and the latest annual increases are substantial. Nevertheless, growing affordability pressures suggest that buyers may become increasingly selective about the properties they purchase and the prices they are prepared to pay.

At the same time, the emergence of younger, family-focused new-build buyers could influence the types of residential developments that attract demand in the coming years.

For the Costa del Sol, the key will be understanding how these national trends translate into individual locations and market segments.

At Marbella For Sale, we help buyers navigate the resale and new-development markets across Marbella, Benalmadena, Casares, and the wider Costa del Sol, providing property comparisons, local market insight, and guidance throughout the purchasing process.

Whether you are considering a permanent residence, holiday home, or investment property, exploring the available options and understanding current market conditions can help you make a more informed decision.

Explore our properties for sale and new developments on the Costa del Sol, or contact Marbella For Sale for personalised assistance.

*Sources: Fotocasa Property Index, October 2026 (published 3 November 2026), and Fotocasa Research, The New-Build Housing Market in 2026 (reported 28 October 2026). All quoted property prices are advertised asking prices.

Spain’s Young Are Choosing to Buy

Young people now choosing to buy
Young people now choosing to buy

Young people now choosing to buy

For years, renting has been the more common route into independent living for younger people in Spain. But new research suggests that this preference is changing, with the proportion of young people looking to buy a home now almost matching those searching for rental accommodation.

According to recent housing market research from Fotocasa, 41% of under-35s participating in Spain’s housing market are looking to buy, compared with 42% searching for a rental property. Just two years earlier, renting held a considerably larger advantage.

The findings highlight a changing attitude towards homeownership, although they also expose the financial challenges facing a generation increasingly interested in buying but not always able to do so.

Buying and Renting Are Now Almost Level Among Young People

The shift in housing preferences has been particularly noticeable over the past two years. In 2024, 53% of younger housing market participants were looking to rent, compared with 37% interested in buying. By 2025, those figures had moved to 47% and 39% respectively.

In the first half of 2026, the difference narrowed to just one percentage point, with 42% looking to rent and 41% looking to buy.

This represents a substantial change in the balance between the two markets. Rather than viewing renting as the obvious first step, more young adults are actively exploring the possibility of purchasing their own property.

Some are considering both options simultaneously. The proportion of under-35s participating in both the rental and purchase markets has increased to 17%, up from 15% a year earlier.

Why Are More Young People Considering Buying?

One of the main factors behind this change is the increasing cost of renting. As monthly rental payments absorb a significant proportion of household income, prospective tenants are naturally beginning to compare those costs with the potential monthly repayments on a mortgage.

For some buyers, homeownership offers greater long-term stability, the opportunity to build equity and more control over their living arrangements.

However, the financial comparison is not always straightforward. Mortgage repayments represent only part of the cost of owning a property. Buyers must also consider their deposit, purchase taxes, transaction expenses, maintenance and ongoing ownership costs.

In many cases, the greatest challenge is not necessarily meeting a monthly mortgage payment, but accumulating enough savings to purchase a property in the first place.

65% of Young People Expect to Buy Within Five Years

The latest findings also reveal considerable interest in future homeownership.

Among under-35s who have neither purchased nor attempted to purchase a home, 65% expect to buy within the next five years. This represents an increase of ten percentage points compared with 2024.

Of this group, 19% anticipate purchasing within the next two years, while 46% expect to buy within a period of two to five years.

These figures suggest that buying a home remains an important personal objective for younger generations, even when their financial circumstances mean that a purchase cannot happen immediately.

Importantly, intentions should not be confused with completed transactions. Many aspiring buyers will still need to overcome significant affordability and financing obstacles before entering the property market.

Renters Are Also Planning Their Move into Homeownership

The desire to buy is not limited to those already searching for properties for sale.

Among young people who have searched for rental accommodation to live in during the previous year, 64% expect to purchase a property within two to five years.

Interest is particularly strong among those aged 25 to 34, with 69% considering a purchase within that period, compared with 50% of those aged 18 to 24.

The difference reflects the varying financial circumstances and life stages of younger adults. Those approaching their thirties may have more established employment, greater savings or clearer long-term housing plans.

For younger renters, buying may remain a longer-term ambition rather than an immediate possibility.

What Does This Mean for Málaga and the Costa del Sol?

Although the research examines Spain’s housing market nationally, its findings raise important questions for younger buyers considering property in Málaga and along the Costa del Sol.

The region offers a broad range of residential environments, from Málaga’s established urban neighbourhoods and emerging residential districts to coastal towns such as Estepona, Fuengirola and Mijas.

However, buyers need to assess affordability carefully. Property prices vary considerably between locations, and the most desirable coastal areas may be beyond the budgets of many first-time purchasers.

For those hoping to enter the market, flexibility over location, property size and whether to buy a new-build or resale home can make a meaningful difference.

Transport connections, employment opportunities, local amenities and the availability of suitable mortgage financing are equally important considerations.

It is also worth distinguishing between the national trend towards homeownership and actual demand within individual Costa del Sol municipalities. The findings do not establish that younger buyers in Málaga are purchasing at the same rate as the national figures suggest they would like to.

Mortgage Deposits Remain a Major Obstacle

Despite growing enthusiasm for homeownership, the financial barriers remain substantial.

In Spain, a conventional mortgage for a main residence commonly finances up to around 80% of the property’s assessed value or purchase price, subject to the lender’s criteria. Buyers therefore generally need savings for the remaining deposit, together with taxes and associated purchase costs.

For example, a buyer purchasing a property for €250,000 with 80% mortgage financing would typically need €50,000 towards the purchase price, before accounting for taxes and other expenses.

For younger households paying high rents while trying to save, building that deposit can take several years.

Government-backed assistance and alternative mortgage products may help some eligible buyers, but eligibility, lending requirements and the overall cost of borrowing must be considered carefully.

A Change in Priorities, but Affordability Remains Essential

The latest research points to a significant change in how younger people approach Spain’s property market. Renting is no longer the clear preference it was just two years ago, and interest in buying has moved almost level with rental demand.

Yet the findings also highlight the distinction between wanting to own a home and being financially prepared to purchase one.

For younger buyers in Málaga and the Costa del Sol, careful financial planning, realistic property searches and an understanding of the local market remain essential.

At Marbella For Sale, we help buyers explore properties across the Costa del Sol, from modern apartments to established resale homes, with guidance tailored to their location preferences, requirements and budget.

Spain’s New First-Time Buyer Loan

Happy young couple outside a Mediterranean property in Spain, illustrating first-time home ownership
Happy young couple outside a Mediterranean property in Spain, illustrating first-time home ownership

Spain’s new Tu Casa loan aims to make buying a first home more accessible

Spain has introduced a new financing initiative designed to tackle one of the biggest obstacles facing first-time property buyers: finding enough savings for the initial deposit. The new Tu Casa programme could provide eligible buyers with a government-backed loan covering up to 20% of the value of their first home, subject to a maximum of €50,000.

The measure could significantly reduce the amount of savings required to buy a home in many parts of Spain. However, analysis from Fotocasa highlights an important difference for buyers in Málaga, where property prices mean the €50,000 limit may not cover the full 20% on a typical property.

How does the new Tu Casa loan work?

The scheme is intended for people purchasing their first habitual residence in Spain. Rather than replacing a conventional mortgage, the government financing is designed to complement funding obtained from a bank.

Under the programme, buyers could receive financing equivalent to as much as 20% of the value of the property, up to a maximum of €50,000. The loan carries a 0% interest rate and no commissions, with repayment conditions designed to operate alongside the buyer’s mortgage.

This directly addresses a familiar problem for first-time buyers. Someone may have sufficient income to meet monthly mortgage payments but struggle to accumulate the substantial deposit normally required before purchasing.

Why Málaga is different

Fotocasa analysed the potential impact of the scheme using the price of a standard 80 m² home across Spain. Its research found that in 43 of the 52 provinces and autonomous cities analysed, 20% of the reference property’s value remained below €50,000.

Málaga is one of just nine provinces where it exceeds the limit.

20% of the value of its reference 80 m² property in Málaga province amounts to approximately €73,509. In Málaga city, the equivalent figure is approximately €69,397.

That places Málaga among Spain’s more expensive property markets and means the maximum €50,000 loan would not cover the entire 20% represented in the example.

What does the €50,000 limit mean in practice?

The mathematics are relatively straightforward. A €50,000 loan represents exactly 20% of a €250,000 property. Below that price, the 20% calculation remains within the scheme’s maximum. Above €250,000, the €50,000 ceiling becomes relevant.

For example, 20% of a €300,000 property is €60,000, while 20% of a €400,000 property is €80,000. The maximum Tu Casa financing would remain €50,000, leaving a difference of €10,000 and €30,000 respectively compared with a full 20% contribution.

This does not mean every buyer must provide exactly that difference themselves. Mortgage lending, valuations, individual financial circumstances and the final eligibility requirements all affect how a purchase is financed. Nevertheless, the examples demonstrate why the scheme may have a different impact in higher-priced markets.

What could this mean for Costa del Sol buyers?

The distinction is particularly relevant on the Costa del Sol, where buyers encounter substantial differences in property prices between locations and property types.

Areas including Marbella, Estepona, Mijas, Benalmádena and Fuengirola contain everything from established resale apartments to modern new developments and high-value villas. As a result, the amount represented by 20% of the purchase price can vary considerably.

For buyers who qualify for the programme and are looking towards the more affordable end of the Málaga property market, the initiative could significantly reduce the savings barrier to home ownership. For properties considerably above €250,000, buyers would need to consider the €50,000 ceiling when calculating their overall financing requirements.

A significant measure, but price still matters

The Tu Casa programme represents an important attempt to help buyers who can afford mortgage repayments but have been prevented from purchasing by the amount of capital required upfront.

The analysis also demonstrates why national housing measures can have very different effects at a local level. While the scheme could cover the full 20% represented by its standard property example across much of Spain, Málaga’s higher property values mean many local buyers could reach the €50,000 limit relatively quickly.

For prospective buyers on the Costa del Sol, understanding the purchase price, available mortgage finance, associated buying costs and any financing assistance available will therefore remain essential when establishing a realistic property budget.

Spain’s Rental Supply Shrinking

Demand for rental homes continues to rise
Demand for rental homes continues to rise

Demand for rental homes continues to rise

Spain’s rental market continues to face a growing imbalance between the number of people searching for homes and the number of properties available to rent. New research from Fotocasa shows that 80% of people participating in the rental market are looking for a property, while only 16% are offering one, highlighting the increasing pressure on Spain’s rental housing supply.

The figures show that the gap between supply and demand widened again during the first half of 2026. For tenants, this means greater competition for available properties, while for landlords it underlines the continued strength of demand across many parts of Spain.

Rental supply continues to fall

According to the data, overall participation in Spain’s rental market remained at 14% during the first half of 2026, unchanged from the same period in 2025 and remaining at the lowest level recorded in its historical series.

However, the balance between those looking for homes and those supplying them has continued to change. In 2025, 78% of rental-market participants were looking for a property and 19% were offering one. In 2026, demand has increased to 80%, while the proportion of participants offering property has fallen to just 16%.

The contrast is even clearer when compared with 2020. At that time, 74% of participants were on the demand side of the market and 21% were offering rental properties. The latest figures therefore point to a market in which available rental housing is becoming increasingly scarce relative to the number of people searching for it.

Finding a rental property remains difficult

The shortage of available homes is also reflected in the experience of tenants. Among people who participated in the rental market during the previous 12 months, 45% successfully found a complete property in which to live.

Although this is unchanged from 2025, it remains below previous levels. In 2024, 47% successfully secured a property, while in 2023 the figure stood at 51%. This suggests that securing a suitable long-term rental continues to be challenging for a significant proportion of prospective tenants.

The shared accommodation market is experiencing similar pressure. While 12% of participants successfully found a room, the proportion continuing to search unsuccessfully increased from 7% to 10%.

What does this mean for the Costa del Sol?

The figures represent the Spanish rental market as a whole and should not be interpreted as specific statistics for Málaga province. Nevertheless, the national trend provides useful context for established residential markets along the Costa del Sol, where long-term rental properties must accommodate demand from both local residents and an international population.

Areas such as Marbella, Estepona and Mijas have developed into year-round residential destinations rather than purely seasonal markets. International schools, established business communities, improved infrastructure and the ability to work remotely have all contributed to a broader range of residents choosing to make the Costa del Sol their permanent or semi-permanent home.

This creates a property market with several different sources of demand. Alongside buyers searching for permanent homes and second residences, there are tenants looking for long-term accommodation and property owners deciding whether to sell, rent long term or use their homes for shorter stays.

A strong market for property owners

For owners considering putting a property onto the long-term rental market, the widening gap between supply and demand is significant. A smaller pool of available homes combined with sustained tenant demand can create favourable conditions for well-presented properties in desirable locations.

However, strong demand does not remove the importance of selecting suitable tenants, establishing appropriate rental conditions and ensuring that the property is marketed at a realistic price. Professional presentation, accurate property information and careful tenant qualification remain important parts of achieving a successful long-term rental.

Location and property type can also make a considerable difference. A modern apartment close to amenities may attract a very different tenant profile from a family villa near an international school or a beachfront property close to the main commercial centres of the coast.

Could limited rental supply influence the sales market?

A constrained rental market may also influence some people’s longer-term housing decisions. For households planning to remain in southern Spain, difficulty finding suitable rental accommodation can make purchasing a home an alternative worth considering, particularly for those already financially prepared to buy.

The Costa del Sol offers a particularly diverse sales market, ranging from established resale homes to modern new developments. Buyers can choose between apartments, penthouses, townhouses and villas across a wide range of locations and price points.

For international buyers, the choice also extends well beyond the best-known resort areas. The wider Málaga coastline includes established communities, emerging residential areas and new-build projects catering to buyers looking for permanent homes, holiday properties and longer-term investments.

Supply remains the key challenge

The research illustrates one of the central challenges facing Spain’s housing market in 2026: demand for rental accommodation remains high while the proportion of people supplying properties continues to decline.

With 80% of rental-market participants searching for homes and only 16% offering them, the gap has widened further over the past year. Unless more properties become available, competition among prospective tenants is likely to remain an important feature of the market.

For anyone considering renting, buying or investing in Costa del Sol property, understanding these wider trends can help put local market conditions into context. Individual areas and property types will always perform differently, but the latest national figures reinforce the importance of housing supply in shaping Spain’s evolving property market.

Sales Rise as Rental Prices Remain High

Lifestyle continues to drive Costa del Sol demand
Lifestyle continues to drive Costa del Sol demand

Spain’s lifestyle continues to drive demand

Spain’s property market entered the final weeks of summer with prices remaining firmly elevated, both for those looking to buy and those choosing to rent. The latest figures show particularly strong conditions in the sales market, while rental costs remain at historically high levels despite some signs of moderation nationally.

For the Costa del Sol, the figures reinforce a familiar picture. Demand continues to be supported not only by people looking for a permanent home, but by international buyers attracted by the lifestyle that Marbella, Benahavís, Estepona, Fuengirola, Mijas, and the surrounding areas can offer.

Resale property prices continue to rise

The average asking price of resale property across Spain reached €3,166 per square metre in August 2026, an increase of 0.4% compared with July and 15.6% compared with August last year.

For perspective, the data suggests that an average 80 m² resale property would now be marketed at approximately €253,270, compared with €219,020 a year earlier.

August marked the 70th consecutive month of annual price increases. There is, however, some indication that the pace is beginning to moderate. The 15.6% annual increase was the lowest recorded so far in 2026, following increases of more than 20% earlier in the year.

Prices are therefore not falling. They are simply rising at a slower rate.

Andalucía and Málaga remain firmly in demand

Andalucía recorded an annual resale price increase of 10.9%, with an average asking price of €2,958 per square metre.

Málaga province’s property prices sit considerably above that regional average.

At €4,631 per square metre, Málaga was the fourth most expensive province in Spain for resale property prices in August, behind only the Balearic Islands, Madrid, and Gipuzkoa. Málaga city itself averaged €4,387 per square metre.

These figures underline the strength of the wider Málaga property market, but averages only tell part of the story on the Costa del Sol.

The property markets of Marbella, Benahavís, Estepona, Fuengirola, and Mijas each appeal to buyers for different reasons. Marbella combines established residential areas with beaches, restaurants, international schools, golf, and year-round amenities. Benahavís offers space, privacy, golf communities, and a village lifestyle, while Estepona continues to attract buyers looking for a balance between traditional Andalusian character and modern residential development.

Further east, Fuengirola and Mijas provide excellent connections to Málaga and the airport, alongside beaches, established communities, and a broad choice of property.

Renting remains expensive despite national moderation

The rental market presents a slightly different picture.

Fotocasa’s latest rental figures, published in August and covering July 2026, show the average rental price in Spain at €14.14 per square metre per month. This represents a 1.6% annual decrease, ending a long period of sustained increases.

For an 80 m² home, the national average works out at approximately €1,131 per month.

That decline should be viewed in context. Rental prices remain at historically high levels, and Andalucía moved in the opposite direction to the national trend, recording an annual rental increase of 4.4%.

Málaga province was considerably more expensive again, reaching €16.23 per square metre per month. An 80 m² property at that average would equate to around €1,298 per month, although rental values in prime Costa del Sol locations can vary significantly according to location, property type, condition, views, amenities, and proximity to the coast.

Buying or renting on the Costa del Sol?

For people considering a move to southern Spain, the relationship between rental and purchase prices is becoming increasingly relevant.

Renting can provide flexibility, particularly for newcomers who want time to understand different locations before committing to a purchase. Living in Nueva Andalucía, for example, can feel very different from living in Benahavís, central Estepona, La Cala de Mijas, or Fuengirola.

However, sustained rental costs may also encourage longer-term residents to consider whether purchasing makes more financial sense, particularly if they intend to remain on the Costa del Sol for several years.

For investors, strong rental values can also form part of the purchasing decision, although potential returns need to be considered alongside purchase costs, community fees, taxation, maintenance, local rental regulations, and realistic occupancy expectations.

A market offering more than resale property

Another important factor for buyers is that the Costa del Sol market is not limited to existing homes.

The continued expansion of new developments gives buyers an alternative to the resale market, particularly those prioritising contemporary design, energy efficiency, communal facilities, security, and lower immediate maintenance requirements.

New developments can now be found across much of the coast, from Marbella and Benahavís to Estepona, Mijas, Fuengirola, and Benalmádena. The choice ranges from modern apartments and penthouses to townhouses and individual villas.

For international buyers, this variety is significant. The decision is increasingly not simply about whether to buy in Spain, but which location, lifestyle, and type of property best fits the way they intend to use their home.

Lifestyle continues to support the Costa del Sol market

Property prices provide a useful measure of market conditions, but they do not fully explain why Málaga and the Costa del Sol continue to attract buyers.

The region offers something difficult to measure in euros per square metre: a lifestyle that works throughout the year.

More than 300 days of sunshine, Mediterranean beaches, golf courses, international schools, restaurants, outdoor sports, excellent air connections, and established international communities allow buyers to combine everyday practicality with the benefits traditionally associated with a holiday destination.

That appeal extends across different lifestyles. Marbella and Puerto Banús offer an international social and leisure scene; Benahavís provides tranquillity and access to some of the area’s best-known golf courses; Estepona combines a thriving town with an expanding residential market; and Mijas, La Cala, Fuengirola, and Benalmádena offer their own mix of coastal living, amenities, and connectivity.

The latest figures suggest that buyers continue to place considerable value on that combination.

What does this mean for buyers?

The August data points to a market where demand remains strong, but where buyers should increasingly focus on value rather than simply following headline price movements.

Spain’s resale prices are still increasing, although at a slower pace than earlier in the year. Rental prices remain high, particularly in Málaga, while the expanding choice of resale properties and new developments gives Costa del Sol buyers a broad range of options.

For anyone considering a home in Marbella or elsewhere along the coast, understanding those differences is increasingly important. Comparing locations, property types, ongoing ownership costs, and long-term objectives can reveal considerably more than the national averages alone.

Ultimately, the attraction of the Costa del Sol continues to extend beyond the property itself. For many international buyers, purchasing here is as much a decision about how and where they want to live as it is about the direction of the Spanish property market.