Spain Joins the Ranks of Top 5 Global Real Estate Destinations for Foreign Investors

Spain has achieved a notable breakthrough in global real estate investment, securing a place among the world’s top five destinations for foreign capital in the commercial property sector for the first time. According to Colliers’ latest Global Capital Flows report, Spain now ranks fifth globally—rising three spots since Q1 2024.

The report points to a broader structural shift in investor sentiment, with capital gradually moving away from traditional safe havens like the United States. Europe has emerged as the preferred region, with seven of the top ten investment destinations now located there: the UK, Germany, Spain, France, Italy, Poland, and the Netherlands. “We’re observing a major realignment in global capital flows. The EMEA region, particularly Spain, stands out for its transparency, liquidity, and pricing resilience,” said Luke Dawson, Global and EMEA Capital Markets Head at Colliers.

This redirection of capital towards Europe comes alongside a significant resurgence in global commercial real estate fundraising. By May 2025, total capital raised had reached $58 billion (€50 billion), accounting for 44% of all capital raised in 2024.

In Spain, a mix of macroeconomic stability and sector-specific price corrections has created highly favorable conditions for both institutional and private investors. “Spain’s upward trajectory in the rankings is a direct result of improving market fundamentals and investor confidence,” said Alberto Díaz, Managing Director of Capital Markets at Colliers Spain. “The recent growth in fundraising reflects sustained investor interest, positioning Spain as a long-term strategic hub.”

This development reinforces Spain’s growing importance in the global real estate investment landscape, driven by its stable economy, transparent market practices, and strong return potential.