German Buyers Remain Spain’s Leading Non-Resident Mortgage Applicants

Germany remains the leading source of mortgage applications among non-resident buyers purchasing property in Spain, according to the latest figures from idealista/hipotecas.

During the second quarter of 2026, German applicants accounted for 15.6% of mortgage applications from non-residents, ahead of British buyers at 10.6%. Switzerland has also gained ground, ranking third with approximately 9.5% of applications, followed by France and the Netherlands.

The figures provide an interesting insight into the continued strength and diversity of international demand for Spanish property. They also underline the importance of the German-speaking market, which remains particularly relevant to prime coastal destinations such as Sotogrande.

Andalusia continues to be one of the most attractive regions for international buyers, accounting for 19.9% of non-resident mortgage applications in the second quarter, behind only the Valencian Community.

For Sotogrande, this international profile is especially significant. German buyers have long formed an important part of the market, alongside purchasers from the UK, Benelux, Scandinavia and other European countries. More recently, we have also seen increasing interest from Switzerland and a broader range of international markets. It is especially interesting as German buyers in Sotogrande used to be cash buyers for almost all the years I have been living and working in Sotogrande.

While mortgage applications do not represent the entire non-resident property market, and therefore should not be interpreted as a direct ranking of property purchases by nationality, they provide a useful indication of where financed international demand is currently coming from.

At Noll Sotogrande, we continue to see the appeal of Sotogrande extending well beyond a single nationality or market. Its combination of space, privacy, security, international community and year-round lifestyle continues to attract discerning buyers from across Europe and increasingly from further afield.

Source: idealista/hipotecas, Q2 2026.