Ukrainians Bought Nearly €2 Billion Worth of Property in Spain

minfin.com.ua

Ukrainians significantly increased their real estate purchases in Spain between 2022 and 2025. A total of 14,399 purchase agreements were recorded over the four years, with more than half in the Valencian Community. In 2025, growth slowed to 2%, while the number of acquisitions declined in Alicante Province.

Ukrainians' Real Estate Transactions in Spain

Trends in 2022–2025

Over the four years, the number of property transactions in Spain increased by 55.8%. The strongest gains came in 2023 and 2024, when annual purchases rose by more than 20%. Growth slowed to 2% in 2025, with just 84 more transactions than a year earlier.

Ukrainians purchased property most frequently in the Valencian Community, which accounted for 8,211 transactions, or 57% of all their purchases in Spain. The combined value reached €1.01 billion. Breakdown by province:

About 79% of home purchases were made by Ukrainians with Spanish resident status: 11,370 transactions over four years. Non-residents accounted for the remaining 3,029.

As of 30 June 2026, 353,009 Ukrainian nationals held residence documents in Spain, up 8.2% from a year earlier. Of these, 262,782 were under temporary protection and 67,724 held long-term residence permits, according to Spain's Ministry of Inclusion, Social Security and Migration.

The largest number of Ukrainians with valid residence documents lived in Alicante Province (62,831), followed by Madrid (45,636) and Barcelona (43,950).

Alicante: Property Purchases and Prices

In 2021, Ukrainians bought 376 properties in Alicante Province. Transactions rose to 1,036 in 2022, 1,400 in 2023 and 1,581 in 2024. The trend reversed in 2025, when 1,500 purchases were recorded, a decrease of 5.1%.

The average price paid by Ukrainian buyers in Alicante from 2022 to 2025 was €129,000. In the fourth quarter of 2025, it reached about €160,000. For comparison, foreign buyers as a whole paid an average of €224,192 per property in the province during 2025.

In 2025, foreigners completed 29,134 property transactions in Alicante, down 6% from a year earlier. Ukrainians accounted for 5.1% of purchases. Only buyers from five countries recorded more transactions: the Netherlands, the United Kingdom, Belgium, Poland and Germany.

In Torrevieja's real estate market, Ukrainians ranked third among foreign buyers: only Polish nationals (888 transactions) and Swedes (572) purchased more homes. In Benidorm, Ukrainians ranked first, ahead of Polish (83) and Romanian (78) buyers.

Ukrainian Home Purchases by City in Alicante Province, 2025

Between May 2025 and April 2026, foreign buyers accounted for 51.52% of home purchases in Alicante Province. In some municipalities, their share was considerably higher: 78.59% in Torrevieja and 79.35% in Orihuela.

In the coastal Costa Blanca towns of Jávea, Benidorm, Dénia, Altea and Calpe, average home prices exceeded €2,800 per sq m between May 2025 and April 2026. Farther inland, prices were €550 per sq m in Villena, €781 in Elda and €796 in Novelda.

Spain's Real Estate Market in 2026

In the second half of 2025, foreign buyers completed 66,629 property transactions in Spain, down 4.4% from the same period of 2024. Their share of all purchases fell from 19.5% to 18.4%. The average price was €3,242 per sq m for non-residents and €1,963 for residents, according to Spain's General Council of Notaries.

In June 2026, home sales in Spain fell by 4% to 67,529 transactions. The average price rose by 8.8% to €2,114 per sq m. The Valencian Community recorded a 7.9% increase in the number of transactions.

In July 2026, the number of property transactions in Spain dropped by 11.1% to 65,395. The average price rose by 7.7% to €2,112 per sq m. Purchases in the Valencian Community fell by 19.1%. Across the country, lenders issued 36,685 mortgages for home purchases, 4.9% fewer than a year earlier. Loans were used in 56.1% of transactions.

Trends and Outlook

Fighting in Ukraine has driven millions of people to relocate abroad. By the end of August 2026, 4.43 million people who had left the country were under temporary protection in the European Union. Spain became one of the popular destinations. Relocation and families gradually settling abroad help explain the increase in home purchases.

The European Union extended temporary protection for Ukrainians until 4 March 2028. If the scheme ends, those wishing to remain in Spain will need another legal basis for residence. Their ability to obtain that status, together with incomes and property prices, will influence decisions to buy a home.

According to International Investment analysts, future demand will largely depend on how the conflict between Russia and Ukraine develops. Continued fighting may encourage some people who have relocated to put down roots in Spain, although uncertainty could also deter major purchases. A peace settlement would open the door to returning home, but would not necessarily trigger a mass departure: many have found work and built social ties during their years abroad. Geopolitical developments may therefore influence sales volumes without determining every buyer's decision in the same way.

Frequently Asked Questions

How many property transactions did Ukrainians complete in Spain between 2022 and 2025?

A total of 14,399 transactions were recorded over the four years. In 2025, Ukrainians bought 4,219 properties, the highest annual figure in the period.

Which region of Spain was most popular among Ukrainian property buyers?

The Valencian Community, with 8,211 transactions, or 57% of the total. Of these, 5,517 took place in Alicante Province.

How much did Ukrainians spend on housing in the Valencian Community?

The total value of transactions in 2022–2025 reached €1.01 billion, including approximately €712 million in Alicante, €261 million in Valencia and €37 million in Castellón.

How did Ukrainian demand for Spanish property change in 2025?

Across Spain, the number of transactions increased by 2% to 4,219. In Alicante Province, by contrast, it fell by 5.1% to 1,500.

Which cities in Alicante Province attracted the most Ukrainian homebuyers?

Torrevieja led in 2025 with 527 transactions, followed by the city of Alicante (298), Orihuela (122) and Benidorm (89).

What was the average price paid by Ukrainians for property in Alicante?

The average transaction value in 2022–2025 was €129,000. In the fourth quarter of 2025, it reached approximately €160,000.

Did Ukrainian residents or non-residents buy more property in Spain?

Residents accounted for 11,370 transactions, or about 79% of all purchases over four years. Non-residents completed 3,029.

Until when has the EU extended temporary protection for Ukrainians?

Until 4 March 2028. After the scheme ends, Ukrainians wishing to remain in Spain will need another legal basis for residence, unless further measures are introduced.