Spanish real estate market records €6.3 bn in H1 deals as sales and rents set to fall in H2 2026

In the first half of 2026 Spain saw a robust real‑estate market with 222 closed transactions and more than €6.3 billion invested in the ten largest deals. The biggest transaction was Blackstone’s sale of Fidere to Brookfield for €1.05 billion on 6 May. Logistics and office assets accounted for the highest individual values, while the residential segment led in volume with 56 deals. Madrid and Barcelona hosted most of the high‑value transactions.

Analysts now expect a slowdown in the second half of 2026. Forecasts predict a decline of over 3 % in property sales and a 7 % drop in rents across major cities. The slowdown is attributed to exhausted post‑pandemic demand, tighter mortgage credit and new rental regulations. As one analyst noted, “Le marché entre dans une phase de correction naturelle après plusieurs années de surchauffe.” Tenant groups welcome the rent correction but warn that “cette baisse des loyers, bien que bienvenue, reste insuffisante face à l’ampleur de la crise du logement.”