Spain now ranks fifth worldwide among the most sought-after destinations for commercial real estate investment, rising three places since Q1 2024.
There is a structural shift in investor preferences, as capital begins to move away from the United States, a traditional haven amid geopolitical uncertainty. In this new landscape, Europe emerges as the favoured region, claiming seven of the top ten spots in the global ranking: the United Kingdom, Germany, Spain, France, Italy, Poland and the Netherlands. “We are witnessing a fundamental recalibration of global capital. EMEA markets, particularly Spain, offer an appealing blend of transparency, liquidity and price stability,” says Luke Dawson, Head of Global and EMEA Capital Markets at Colliers.
This shift in investment toward Europe is accompanied by a strong recovery in commercial real estate fundraising. By May 2025, global fundraising had already reached $58 billion (€50 billion), representing 44% of the total capital raised in 2024.
In Spain, a combination of macroeconomic stability and price adjustments in certain sectors has created an especially attractive environment for both institutional and private investors. "Spain’s rise in the rankings is no coincidence. Market conditions and the economic climate have aligned international capital with local opportunities," says Alberto Díaz, managing director of Capital Markets at Colliers Spain. "The marked increase in fundraising signals higher investment levels in the medium term, cementing Spain as a strategic destination."
This new positioning further strengthens Spain’s role as a key hub for global real estate capital, in a market where stability, transparency and solid returns remain top priorities for major investors.
