Overview

• JLL reports Spain has climbed into the top three European destinations for real-estate capital, with interest spreading beyond Madrid and Barcelona to numerous secondary cities.
• Ardian and Brookfield identified senior housing and healthcare assets as prime opportunities but cautioned that sustainable operating models remain unclear.
• Colliers data show €8.263 billion transacted in the first half of 2025, up 44% year over year, with hotels taking 21% of investment and residential formats 17% after a 52% annual increase.
• Demographics and demand are key drivers, as Spain hosts around 100 million foreign visitors annually and INE projects the over‑80 population to grow by 47.5% in 15 years.
• Active cross‑border dealmaking continues, exemplified by Brookfield’s €1.2 billion sale of Livensa to CPPIB, while investors also flag growing interest in data centers.