Germans, Brits and Swiss are leading the charge among foreign non-residents seeking mortgages to buy property in Spain, new figures have suggested.

German buyers accounted for 15.6% of all non-resident mortgage applications handled by Idealista’s mortgage brokerage service between April and June 2026.

Britons were firmly in second place with 10.6%, while Swiss buyers took third place with 9.4%.

They were followed by buyers from France (9.1%), the Netherlands (8.3%) and the US (5.9%).

Irish buyers accounted for 4.5%, while Belgium and Sweden each represented 3.6% and Italy 2.3%.

And when it comes to where these foreign house hunters are looking, the Mediterranean coast dominates.

Andalucia among biggest hotspots

The Valencian Community attracted almost a third of all non-resident mortgage applications, accounting for 32.3% of the total.

Andalucia was the second most popular region with 19.9%, meaning around one in five applications handled by the broker concerned properties in the southernmost region.

Cataluña came third on 14%, followed by Madrid (6.5%), the Canary Islands (6.3%), the Balearic Islands (5.8%) and Murcia (5.4%). All other regions accounted for less than 2% individually.

The geographical breakdown highlights the continued pull of Spain’s coastline among overseas buyers.

It is also markedly different from domestic mortgage demand, which is concentrated around Madrid (16.7%) and Barcelona (13.1%), followed by Valencia (7.8%) and Alicante (5.6%).

Foreign buyers earn more than €6,000 a month

The figures also provide an insight into just how wealthy many of Spain’s prospective foreign property buyers are.

Almost half of non-resident applicants had a monthly household income of more than €6,000, while the overall average stood at €6,779.

That is approximately double the €3,385 average household income recorded across all applicants using the service.

Swiss applicants were the wealthiest nationality highlighted in the report, with average household incomes of more than €9,300 per month.

Americans followed on €8,514.

Britons were also towards the top of the table, with an average household income of €6,977 per month, ahead of Irish applicants on €6,669 and Swedes on €6,601.

German and Dutch applicants averaged below €6,600, while the lowest figures among the nationalities highlighted were recorded for Belgium (€5,889), France (€5,845) and Italy (€5,249).

How much are they spending?

The average purchase price sought by non-resident mortgage applicants was €265,093, up 3.6% compared with the same period last year.

It was also considerably higher than the €207,569 average across all applicants.

However, the data suggests the bulk of foreign demand is not concentrated exclusively at the luxury end of the market.

Almost 70% of applications involved properties priced below €200,000, while just 2.7% were for homes costing more than €500,000.

The average foreign applicant was 44 years old and was seeking a mortgage covering around 68% of the purchase price, down from between 71% and 75% in previous quarters.

Projected mortgage repayments represented around 23% of their income, the lowest proportion recorded over the previous year.

Buyers who actually complete are spending €400,000

The numbers become even more striking when looking exclusively at foreign non-residents who went on to complete a mortgage through the broker.

Their average household income reached €10,320 per month during the second quarter of 2026.

Meanwhile, the average property they purchased cost €402,903, with an average mortgage of €234,732.

The latter figure was around 15% higher than a year earlier.

Both the average purchase price and mortgage amount reached their highest levels since Idealista began compiling the series in 2022.

Completed foreign buyers were slightly younger than the overall pool of applicants, averaging 41 years old.

Their mortgages covered an average of 62% of the property’s purchase price, while repayments represented around 24% of their income.

Fixed-rate mortgages were by far the most popular option, accounting for 85% of completed deals among non-residents.

The remaining 15% were mixed-rate mortgages, while variable-rate products accounted for none of the transactions analysed during the quarter.

The figures come from Idealista/hipotecas and therefore represent applications and mortgages handled through the company’s brokerage service rather than Spain’s entire mortgage market.

Non-resident applications represented around 3% of all mortgage demand handled by the service between April and June.