The Spanish real estate market is attracting more and more Americans. Their purchases increased by 3% in a year, driven mainly by political motivations related to the Trump presidency.
Real estate agents explain that American purchases of homes in Spain have increased by 3% over the past year, especially in luxury properties. This trend is partly attributed to concerns regarding Donald Trump’s policies, particularly on immigration.
While traditionally dominated by British and Northern European buyers seeking to relocate to milder climates, American buyers have made a noticeable entrance in the Spanish market over the last decade.
Foreign buyers accounted for approximately 19% of all real estate transactions in Spain in 2025, with Americans making up 2% of the total, according to data released on April 9 by the General Council of Spanish Notaries.
While the British remain the largest group of foreign buyers, with around 8% of the total, their purchases have declined by 16% over the last six years, contrasting with the tripling of transactions by American buyers during the same period.
“This wave of American purchases in Spain comes amidst growing discord between Washington and Madrid against the backdrop of the Iran conflict. Spanish Prime Minister Pedro Sanchez has become one of the most vocal Western critics of the Trump administration, denouncing the war initiated by Washington against Iran on February 28th as illegal,” said experts.
In late March, Spain closed its airspace to American aircraft participating in strikes against Iran after previously denying the use of its bases for the conflict, prompting Donald Trump to announce an end to all trade exchanges with Spain.
Real estate experts noted that Spain holds a particular appeal for American citizens of Hispanic and Latin American origin. “Many Americans have recently chosen to settle in cities like Madrid or Valencia for political reasons,” said Fernando Rodriguez de Acuna, general director of the real estate analysis company Acuna based in Madrid.
According to real estate developer GILMAR, American buyers became the top group of foreign clients in the highly sought-after Costa del Sol region in southern Spain, surpassing the British last year.
The strength of the dollar was another factor favoring American purchases, and analysts believe that the underlying demand should be strong enough to sustain the upward trend even if the US currency weakens against the euro.
