In 2025, Catalonia’s real estate market drew major attention as the dynamics of transactions and housing prices changed significantly compared to the previous year. Although there was a slight decrease in activity in the autumn, the total volume of real estate transactions for the year confidently surpassed 2024 figures. According to experts, by the end of the year, the number of transactions could increase by 8% to 15%, which came as a surprise even to seasoned market players.
Statistics show that in the first ten months of 2025, nearly 595,000 home sales were completed in Spain, up 11.3% over the same period last year. However, October saw a 3.6% decline compared to October 2024, with just 67,600 transactions. Experts attribute this to a temporary correction following strong growth earlier in the year.
Yearly trends
In Catalonia, according to the API Association of Real Estate Agents, 27,733 transactions were completed in the third quarter of 2025—a 3.6% increase over the previous quarter and 8% more than a year earlier. Analysts note that the market is gradually recovering from a period of uncertainty, while buyer interest in the region’s housing remains consistently high.
COO of the major company Solvia, Juan Ramón Prieto, notes that the third quarter’s dynamics indicate a clear revival compared to the previous period. According to him, if the trend continues, the final figures for 2025 will surpass the results of 2024. However, he stresses that the ultimate numbers will depend on the mortgage market situation and macroeconomic factors in the final months of the year.
Transaction Geography
The province of Barcelona remains the traditional leader in the number of transactions, accounting for nearly 65% of all housing operations in Catalonia—over 55,000 in a year. Tarragona ranks second with 12,865 deals, followed by Girona (10,582) and Lleida (5,284). However, activity in Lleida is noticeably lower than in other parts of the region.
Experts from UVE Valoraciones confirm that Barcelona retains an undisputed lead, accounting for two-thirds of all sales. Tarragona represents 15%, Girona 13%, and Lleida only 7%. This distribution can be explained by both economic and demographic factors of the provinces.
Buyer Profile
In 2025, the buyer profile in Catalonia has seen some changes. According to Prieto, among foreign buyers, non-residents stand out, most often choosing Girona as well as Barcelona. Meanwhile, foreigners already living in Spain tend to buy property specifically in Barcelona.
By the end of the year, approximately 15,000 transactions are expected to involve foreign residents, while about 11,000 will be accounted for by non-residents. In total, around 110,000 real estate deals will be concluded in Catalonia. Notably, the share of mortgage loans in purchase transactions has risen, now exceeding 75%, driven by lower interest rates.
Foreign demand
The share of foreign buyers edged down slightly in percentage terms in the third quarter, although absolute numbers rose modestly. According to API, foreigners completed 4,174 transactions, representing 15.1% of all operations. Over the year, this figure has remained steady at 15.7%.
Girona leads in terms of the share of foreign buyers—26% of all transactions. In Tarragona, this figure is 16%, in Barcelona—14.2%, and in Lleida—9.6%. In absolute numbers, Barcelona remains at the forefront: foreigners acquired over 10,300 properties here.
Forecasts and outlook
UVE Valoraciones president Germán Pérez Barrio forecasts that by the end of 2025, about 110,000 housing units will be sold in Catalonia—an 11% increase compared to 2024. This growth is fueled not only by domestic demand but also by rising interest from foreign investors and improved mortgage lending conditions.
Analysts note that Catalonia’s real estate market remains one of the most dynamic in Spain. Despite occasional periods of slowdown, the overall trend of rising transactions and prices persists. In the coming months, experts will closely monitor changes in credit availability and buyer behavior to adjust their forecasts for next year.
If you didn’t know, Solvia is one of the largest real estate companies in Spain, specializing in the sale, rental, and management of residential and commercial properties. The company is very active in Catalonia, offering services to both private individuals and corporate clients. With an extensive branch network and deep expertise in real estate, Solvia is considered one of the key players in the regional market.
