Second homes in Spain: a strategic investment for lifestyle and value

Buying a second home in Spain continues to be one of the most attractive real estate decisions for international buyers. Combining lifestyle appeal, long-term value, and sustained demand, and based on current market conditions in 2026, Spain offers a unique opportunity to own property in one of Europe’s most desirable and resilient markets.

Whether you are looking for a coastal retreat, a city base, or a flexible second residence in Spain to enjoy throughout the year, Spain consistently stands out as a smart and future-proof choice.

Explore here second homes for sale across Spain’s most desirable regions

Why buy a second home in Spain?

Buying a second home in Spain is no longer just about holidays. For many international buyers, it represents a strategic lifestyle and investment decision.

Spain attracts second-home owners seeking flexibility: spending part of the year in the Mediterranean, working remotely, planning early retirement, or simply owning a secure property in a well-connected European country. In many cases, a second residence in Spain also offers rental income potential and long-term capital appreciation.

Key drivers of demand include competitive property prices compared to other Western European markets, excellent healthcare and infrastructure, a favourable climate, and a consistently high quality of life. The process of buying a second home in Spain is transparent and accessible for foreign buyers, particularly when supported by experienced local professionals.

Best areas to invest in real estate for a second home in Spain

When evaluating a second home in Spain from an investment perspective, location is a key differentiator. The areas that consistently perform best tend to combine strong international demand, limited supply, year-round livability, and long-term market resilience, making them particularly attractive for buyers focused on value preservation and liquidity over time.

From an investment standpoint, the most resilient regions typically share:

• High international buyer demand

• Lifestyle appeal beyond tourism

• Strong infrastructure and connectivity

• Long-term price stability

These fundamentals help explain why certain coastal, island, and urban markets continue to outperform within the Spain second homes segment.

Where to buy a second home in Spain

If you are ready to move from evaluation to decision, several regions stand out as consistent favourites among international second-home buyers. These locations balance lifestyle appeal with strong fundamentals and offer a wide range of properties suited to different budgets and usage profiles.

Coastal destinations

Costa del Sol
The Costa del Sol remains one of the most established markets for Spain second homes, offering year-round sunshine, golf resorts, international connectivity, and a mature rental market. Areas such as Marbella and Estepona are particularly popular for second-home buyers seeking both lifestyle and long-term value.

View here second homes for sale on the Costa del Sol

Costa Brava
The Costa Brava attracts buyers looking for natural beauty, authenticity, and proximity to Barcelona. It is ideal for those seeking a quieter coastal lifestyle without sacrificing access to culture and services.

Explore second homes on the Costa Brava

Islands and prestige markets

Mallorca (Balearic Islands)
In the Balearic Islands, especially Mallorca, second homes in Spain are often viewed as prestige assets. Limited supply, sea views, and sustained international demand support long-term value, making the island particularly attractive for lifestyle-driven investors.

Browse second homes for sale in Mallorca

Urban lifestyle and flexibility

Barcelona
Barcelona continues to appeal to buyers looking for a combination of design, culture, walkability, and rental demand. Neighbourhoods such as Eixample and Gràcia are popular choices for a second residence in Spain that also offers income potential.

Find your ideal second home in Barcelona here

Valencia
Meanwhile, Valencia is emerging as one of the best areas to invest in real estate, offering excellent value, a strong cultural scene, and growing international interest.

Costs, taxes, and legal considerations

Owning a second home in Spain involves more than the purchase price. Buyers should factor in:

• Purchase costs, including property transfer tax (typically 6–10%), notary, and registration fees

• Ongoing expenses such as annual property tax (IBI), utilities, insurance, and maintenance

• Non-resident tax obligations if the property is not rented

• Regional regulations if the property is rented on a short-term basis

Spain second homes as a long-term strategy

Beyond lifestyle benefits, Spain second homes are increasingly viewed as resilient long-term assets. Buyers are using their second residence not only as a holiday home, but also as a base for remote work, extended stays, or future retirement.

In lifestyle-driven regions, demand remains strong while supply is limited, supporting steady price growth. A second home in Spain therefore represents both emotional value and long-term financial logic.

Final thoughts

With strong lifestyle appeal, sustained international demand, and solid market fundamentals, second homes in Spain remain one of the most compelling real estate opportunities in Europe. Whether your priority is flexibility, enjoyment, or value preservation, buying a second home in Spain is an investment in both lifestyle and future security.

Last updated: 2026