Poles are storming foreign properties [MARKET ANALYSIS].

Between January and March 2024, Poles purchased 800 properties in Spain. This is as many as 142 more than in the previous quarter and more than three times as many as in the pre-pandemic first quarter of 2019. As indicated by Registradores de EspaƱa data, our compatriots are once again in the lead – in 9th position among foreign investors in the Iberian Peninsula – with a market share of 3.72% already.

This result is in line with the growing interest of Poles in real estate on the Iberian Peninsula. It translated into a record 2023, during which Polish investors acquired as many as 3,118 flats and houses there. In an interview with Anna Golasa of Puls Biznesu, Agnieszka Kostrzewa – founder of Agnes Inversiones – discussed, among other things:

  • Poles’ motivations to diversify their wealth geographically,
  • Prices of flats and houses on the Costa del Sol in Q1 2024,
  • the situation of the property market in Spain compared to Poland,
  • legal and tax solutions favouring investment in the Iberian Peninsula.

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