Are properties in Spain still attractive to investors? Report from the meeting in Gdańsk

On December 11th at 5:00 PM, in the exceptional interiors of Villa Uphagen, the headquarters of the Gdańsk Business Club, we organized a meeting under the slogan: “Are properties in Spain still attractive to investors?” The event gathered numerous guests interested in the Spanish real estate market. Among the guests was Michał Kubicki, a board member of the Polish-Spanish Chamber of Commerce, of which Dream Property Marbella is an active member. It was an evening full of inspiration, knowledge, and valuable conversations, which showed that the topic of investing in Spain still arouses interest among Polish investors.

Dream Property Marbella – experience and trust

We started the meeting with a brief introduction of our company Dream Property Marbella. Since 2010, we have been supporting clients from Poland and around the world in realizing their dreams of owning a property in Spain – on the Costa del Sol. Our team speaks six languages and collectively has nearly 60 years of experience in the Spanish market. We operate comprehensively: helping to find and select investment properties, guiding through the entire purchase process, and also providing support after the transaction. We cooperate with reputable law firms and accounting offices, which guarantees security and comfort for our clients.

If you want to learn more about the process of buying property in Spain, read the article: “Buying Property in Spain – What You Need to Know”.

Are properties in Spain still attractive?

This is a question many investors ask themselves. The answer is not clear-cut. The market in 2025 is selective and dynamic. Property prices in Spain increased on average by 15.7% over the past year, and in Andalusia alone by as much as 20.6%. However, not every location and market segment offers the same opportunities. Capital flows where key conditions are met: excellent location, high quality, uniqueness of the offer, and real demand. The biggest growth is observed in the premium segment and in the best-located, unique properties.

Costa del Sol: three speeds of the market

The real estate market in Spain and on the Costa del Sol is not homogeneous. In Málaga province, the average price per square meter is about €3,842, and the dominant segment is the secondary market. Price growth is stable, demand is high, but there is no “wow” effect here. On the other hand, in the provincial capital, Málaga, on the beachfront and in new premium developments, prices start from €720,000 and reach even €1.5 – 1.6 million. Off-plan projects often exceed the prices of secondary market properties. The highest segment is the so-called Golden Triangle (Marbella, Benahavís, Estepona), where prices exceed €5,100 – 5,400 per m². It is here that we observe a steady influx of foreign buyers and the greatest resistance to economic fluctuations.

Rental: short-term or long-term?

Short-term rental, especially in the premium segment, still offers the highest return potential. However, to legally rent a property to tourists, an NRA number is essential. Without it, it is not possible to publish offers on platforms such as Airbnb or Booking. Long-term rental, on the other hand, provides stable cash flow and lower but more certain ROI, making it a good strategy for passive investors.

Real returns on investment: numbers and examples

According to the Idealista portal, the average gross rental yield on properties in Spain in 2025 is about 6.9%. Our experience shows that realistically one can count on about 5%. On the Costa del Sol, short-term rental yields 5 – 8% net, and long-term rental 3 – 5% net. We presented three case studies that showed how this works in practice.

What influences property value growth?

On the Costa del Sol, property value growth depends on five key factors: location (preferably first coastline and prestigious addresses), travel time to key places (15 – 20 minutes), sea view, proximity to luxury hotels, and high standard and quality of finish. If all these conditions are met, value growth is faster than the market average.

Investment security – the issue of okupas (illegal occupants)

During the meeting, we also addressed the topic of okupas, i.e., illegal occupants. We pointed out that the amendment to the housing law, which took place this year, introduced faster eviction procedures and better protection for property owners. More information can be found in the article: “The End of okupas in Spain? Amendment of regulations.”

Moving to Costa del Sol – lifestyle and practical aspects

In the second part of the presentation, we explained why Costa del Sol is not only a great place to invest but also to live. 320 days of sunshine per year, excellent climate, international and friendly environment, great infrastructure, high living standards with relatively low living costs – these are just some of the advantages. Additionally, the region offers modern healthcare, competitive insurance, a wide selection of schools (including international ones), and lower living costs than in many regions of Poland.

Culture, sports, and entertainment

Costa del Sol is a paradise for sports and culture lovers. Over 100 golf courses, a rich offer of water sports, equestrian clubs, car races on the Ascari circuit, and in winter, skiing and snowboarding in Sierra Nevada. The region is also known for Andalusian traditions, flamenco, numerous festivals, and a rich cultural offer. It’s a place where almost 150 nationalities coexist, and the lifestyle combines beach relaxation with sports and cultural activity.

Cocktail and inspiring conversations

After the presentation, we invited our guests for a cocktail, during which inspiring conversations took place about the real estate market in Spain, investment opportunities, and daily life on the Costa del Sol. The exchange of experiences and contacts showed how great the interest in this topic is and how many people are considering investing or moving to Spain.

Plans for the future 

The meeting at Villa Uphagen was the first in a series, which we intend to continue. We are already planning further events, and for those who prefer to participate online, we are preparing a webinar dedicated to investing in Spanish real estate. We want to share knowledge, experience, and practical tips so that everyone can invest consciously and safely in the Spanish market.

We thank all guests for their presence and active participation in our meeting. See you at future events: both on-site and online!

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