{"id":2860,"date":"2026-06-24T20:43:08","date_gmt":"2026-06-24T20:43:08","guid":{"rendered":"https:\/\/reliablemovingcrews.com\/?p=2860"},"modified":"2026-06-24T20:43:08","modified_gmt":"2026-06-24T20:43:08","slug":"luxury-property-buyers-flock-to-spain-seeking-haven-from-war-turmoil","status":"publish","type":"post","link":"https:\/\/reliablemovingcrews.com\/?p=2860","title":{"rendered":"Luxury property buyers flock to Spain seeking haven from war, turmoil"},"content":{"rendered":"<div><div><div><ul><li>Summary<\/li><li>Companies<\/li><\/ul><\/div><div><\/div><\/div><div>MADRID\/WARSAW, June 24 (Reuters) &#8211; Wealthy Polish, American and Gulf-based property buyers are pouring into Spain&#8217;s capital Madrid and Costa del Sol seeking luxury refuge from the wars in Ukraine and the Middle East as well as political turmoil in the United States.<\/div><div>Spain, particularly its Mediterranean \u200bcoast, has long been a magnet for sun-seeking Britons and Germans. But in recent years a broader mix of investors looking to diversify their assets and hedge against instability \u200chas moved in, a half dozen real estate agents, European housing market analysts and a property lawyer told Reuters.<\/div><div>Official government data confirm the trend.<\/div><div>&#8220;Whether it&#8217;s Ukrainians or Poles settling on the Costa del Sol, or Americans coming to Spain, the common factor is the geopolitical situation,&#8221; said Rebeca Caballero, head of realtor Gilmar&#8217;s international department.<\/div><div>According to last year&#8217;s property register data, more than 39% of all home sales in major tourist provinces including Malaga on the Costa del Sol, Alicante on the \u200bCosta Blanca and the Balearic Islands involved foreign buyers.<\/div><div>That has helped to send prices surging in a country where housing is a major political issue and the central bank called for coordinated policy \u200befforts to boost housing supply with an estimated shortage of 750,000 homes.<\/div><h2>UKRAINE WAR TRIPLES POLISH PROPERTY DEMAND<\/h2><div>Buyers from Poland, among Europe&#8217;s fastest-growing economies, have been investing \u2060in Spanish coastal properties since 2020. But their purchases have tripled since the COVID-19 pandemic and accounted for 4% of all foreign purchases last year, up from 1.6% in 2019.<\/div><div>&#8220;The strongest wave of investment came \u200bafter the outbreak of the war in Ukraine &#8230; with a frenzy of purchases made over the phone,&#8221; said Agnieszka Marciniak-Kostrzewa, founder of a Marbella-based real estate agency.<\/div><div>Marlena Bartkowiak is part of that surge.<\/div><div>The 46-year-old, who owns a \u200btransport company in Poland, purchased an apartment in Benalmadena on Andalusia&#8217;s Costa del Sol as a backup plan when the war broke out.<\/div><div>&#8220;Spain came to mind as it was somehow the least involved in all sorts of political manoeuvring on the European stage,&#8221; said Bartkowiak, who still lives primarily in Poland.<\/div><div>Neinor (HOME.MC)<svg><\/svg><span>, opens new tab<\/span>, one of Spain&#8217;s largest property developers, sold 70% of its premium 102-home Santa Clara complex completed in Marbella last year to Polish clients.<\/div><div>And Polish buyers dominate a 64-floor skyscraper under \u200bconstruction in Benidorm, another coastal hot spot.<\/div><h2>AN ALTERNATIVE TO DUBAI<\/h2><div>&#8220;Spain right now is a diversification play on security grounds,&#8221; said Paloma Perez Bravo, CEO of real estate firm Dils-Lucas Fox.<\/div><div>In the same way that conflict \u200bon Poland&#8217;s eastern border has driven Polish purchases, realtors are already seeing an influx of demand from investors based in the Gulf following the outbreak of the Iran war.<\/div><div>Three real estate firms told Reuters they are negotiating luxury property deals \u200con the \u2060Costa del Sol with buyers from Dubai as the conflict deals a blow to the emirate&#8217;s image as a peaceful haven for the rich. At least two deals have already been completed.<\/div><div>Marciniak-Kostrzewa recently sold a property to a Polish client living in Dubai, who was seeking a safer alternative base for their family.<\/div><div>While Dubai has wooed foreigners with zero property tax, realty lawyer Maria Ruiz Lopez said regional wealth tax exemptions or allowances are a draw for Madrid and the Costa del Sol, making them more attractive to rich buyers than other parts of Spain.<\/div><div>&#8220;We believe there will be an opportunity to attract those seeking an alternative to \u200bDubai &#8230; partly because conflicts make Spain appear as a \u200bcalmer option,&#8221; said Mario Lapiedra Vivanco, deputy CEO \u2060at Neinor, which has already closed a deal with a buyer from Dubai.<\/div><h2>HIGHER PRICES FEED THE INVESTMENT TREND<\/h2><div>&#8220;It&#8217;s not just violent conflict, but also the political and social pressure,&#8221; said Gilmar&#8217;s Caballero, pointing to the surge in Americans \u2014 many of them of Hispanic origin \u2014 investing in Spain since President Donald Trump&#8217;s return to \u200boffice last year.<\/div><div>&#8220;Many do it as an investment. And others see it as a Plan B, because they don&#8217;t know what&#8217;s going to happen in \u200bthe United States,&#8221; she said.<\/div><div>From \u20602024 to 2025, Gilmar saw U.S. investments surge from 0.5% to 6.2% of its property transactions and Americans overtake Britons as the leading foreign buyers on the Costa del Sol.<\/div><div>Across Spain, Americans accounted for 2% of property purchases by foreigners and paid the third-highest average price after Swedes and Germans, according to data from the General Council of Notaries.<\/div><div>The broadening pool of foreign buyers has pushed up home values.<\/div><div>Realtors dealing in properties priced between \u20ac1 million and \u20ac20 million ($1.13 \u2060million and $22.68 \u200bmillion) say the rising values make buying in Spain an attractive investment, reinforcing the trend and setting the market apart.<\/div><div>The warm \u200bclimate and stable economy also attract buyers.<\/div><div>Jack Harris, a London-based partner in Knight Frank&#8217;s international residential team, said luxury home prices in Spain have risen by as much as 9.5% year-on-year, faster than in other European markets like France and Italy.<\/div><div>&#8220;Spain has been something \u200bof an outlier in terms of performance across Europe over the last 12 months,&#8221; he said.<\/div><div>($1 = 0.8817 euros)<\/div><div><address><div><div><noscript>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"120\" height=\"120\" alt=\"Corina Pons\" class=\"wp-image-1265\" src=\"https:\/\/reliablemovingcrews.com\/wp-content\/uploads\/2026\/06\/6fab8a6f4a0d2132d7a9fab5fdeb208d.avif\"\/><\/figure>\n<\/noscript><\/div><div>Corina Pons<\/div><\/div><div><ul><li><span><div><svg><title>Email<\/title><\/svg><\/div><\/span><\/li><li><span><div><svg><title>X<\/title><\/svg><\/div><\/span><\/li><li><span><div><svg><title>Linkedin<\/title><\/svg><\/div><\/span><\/li><\/ul><\/div><\/address><\/div><\/div><p>Read more <a href=\"https:\/\/reliablemovingcrews.com\/?p=2858\">Trump\u00a0to seek more than $1.4 billion in Ebola funding from Congress<\/a><\/p><p>Read more <a href=\"https:\/\/reliablemovingcrews.com\/?p=2856\">US appeals court rejects Trump bid to force Michigan to hand over voter rolls<\/a><\/p><p>Read more <a href=\"https:\/\/reliablemovingcrews.com\/?p=2854\">Qualcomm bets on AI chips to break smartphone reliance, but faces crowded race<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Wealthy Polish, American and Gulf-based property buyers are pouring into Spain&#8217;s capital Madrid and Costa del Sol seeking luxury refuge from the wars in Ukraine and the Middle East as well as political turmoil in the United States.<\/p>\n","protected":false},"author":1,"featured_media":2859,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[84],"class_list":["post-2860","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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