The Spanish real estate market for Poles. How much can you earn in 2026?

As Tatiana Pękala adds, among investors Currently, entrepreneurs and highly qualified specialists from the IT, finance and medicine industries dominatefor which market stability and protection of capital value are crucial.

Costa Blanca – a new center of luxury investments

Although the Costa del Sol with Marbella and Benahavís still remains synonymous with luxury, investors are increasingly interested in Costa Blanca. Especially Moraira and Benissa are emerging as one of the most desirable premium locations.

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The region attracts investors with a unique combination of natural landscape, stable climate with over 320 days of sunshine a year and limited possibilities for new development. The shortage of land and restrictive urban planning policy cause the prices of luxury real estate to grow faster than in large cities.

— Premium customers are increasingly choosing intimate places that offer privacy and contact with nature. Moraira and Benissa meet these needs without losing the infrastructure necessary for life all year round, says Katarzyna Meller, an expert in the real estate market on the Costa Blanca.

Polish companies are also investing in the region. Milestone Development implements several villa projects addressed to the most demanding clients. Arkadiusz Kaliński, president of the company, emphasizes that limited supply combined with growing international demand creates solid foundations for value growth in the long term.

Who is the Spanish real estate market for?

Experts indicate that Spain is not a mass market for every investor. It is best suited to people who have capital surpluses, are thinking about portfolio diversification and are ready for a medium- or long-term investment.

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— Investments in real estate in Spain are aimed at people who have budget surpluses and are interested in investing capital abroad – explains Pękala. – This too an option for people planning emigration or semi-emigration — a high standard of living, health care and an international environment create favorable conditions.

More and more often, buyers are entrepreneurs, IT specialists, doctors and managers who use the property not only for relaxation, but also as a space for remote work. The Covid-19 pandemic has changed the buyer profile – a house in Spain is no longer just a holiday residence, but has become an alternative place to live and work for part of the year.

How much you can earn – potential and risks

Profit potential depends on location and investment strategy. Short-term rentals can generate an average of 4-6%. annuallywith the quality of management and seasonality being key. Off-plan investments (purchase of real estate before its construction is completed or even before work begins) on the primary market, they sometimes allow for an increase in value of 20-30%. until the property is collected. On the secondary market, price dynamics are strongly diversified regionally, In Andalusia, increases of 20 percent have been recorded in the last year. year to year.

— In the case of purchasing real estate from the off-plan primary market, the increase in value may reach up to 30%. before finalizing the investment – points out Pękala, emphasizing that this is still one of the most popular strategies of Polish buyers.

— Polish investors are often surprised by real net profitabilityafter taking into account community costs, management, taxes and vacancies – emphasizes legal advisor Anna Wąsiewska from the Ostrowski i Wspólnicy Law Firm. — This shows that an investment in Spain requires reliable calculations, not just analyzes of sales materials.

Law and regulations – traps for the unprepared

One of the biggest challenges for Poles is: legal issues. Spain does not have a uniform system of rental regulation and spatial planning — regulations vary between autonomous communities and even municipalities.

— The most common mistake of Polish investors is the assumption that the law is uniform throughout the country. In practice, the differences between municipalities can be huge – notes Abogada Elena Tormos Carrascosa from the Ostrowski i Wspólnicy Law Firm.

— The notary does not check the compliance of the investment with the local plan or the possibility of leasing it. This is the buyer's responsibility – he adds.

Experts also pay attention to: technical problems of real estate — hidden defects, illegal work, moisture or renovation errors.

— In Spanish practice, disputes over hidden defects are expensive and lengthy. Prevention works much better than court, says Wąsiewska.

Taxes and financing – actual investment costs

Non-residents are subject to annual property tax in Spain, even if it does not generate income. Rental income is taxed and there is an advance tax deduction on sale. In addition loans for foreigners usually cover a maximum of 50-60%. real estate values, and transaction-related taxes are not financed by banks.

— Signing an arras contract without reliable financing is one of the most common and costly mistakes made by Polish buyers, warns Pękala.

New regulations in Andalusia only increase the need for knowledge. Joanna Ossowska-Rodziewicz, co-owner of the By-Bright real estate agency, explains:

— In practice, the new regulations do not eliminate the flipping strategy, but they require more precise management of the process: from the actual purchase, through legal and technical verification, to a realistic resale valuation. As a result, the importance of professional local consulting is growing – investors expect not only access to offers, but also support in selecting assets and assessing investment potential – explains the expert.

Market maturity and long-term stability

The Spanish market is entering a maturity phase. Prices have been growing dynamically in recent years, but forecasts for 2026 predict more stable growthwhich favors planning medium- and long-term investments.

— The market today rewards knowledge, patience and strategy. Impulsive decisions are becoming more and more expensive, notes Katarzyna Zielińska from Dream Property Marbella.

Polish investors can still find safe investment opportunities in Spain if they act based on solid legal and technical advice, precise profitability calculations and an informed choice of location.

Investing in real estate in Spain: summary

Spain remains one of the most stable real estate markets in Europe, attractive to both premium investors and the middle class aspiring to a second home in a sunny climate. Simultaneously the market is demandinghighly regulated and increasingly selective.

— This is a market for conscious investors, not for those looking for quick profits. The difference between a successful investment and an expensive problem most often arises at the preparation stage – summarizes Tatiana Pękala.

The key to success is a combination of knowledge about local regulations, realistic profitability calculations, professional legal and technical support and the selection of an appropriate location — both in Andalusia, the Costa Blanca and other attractive regions of Spain.