Spain Rental Housing Investment Hits €2.93B in H1 2026, Up 376% Year-Over-Year

Investment in Spain's rental housing sector reached €2.934 billion in the first half of 2026, a 376% year-over-year increase, according to Cushman & Wakefield. The figure already exceeds total investment for all of 2025, driven by large-scale portfolio deals. The largest transaction came in March, when Canada's Brookfield acquired Fidere from Blackstone for €1.05 billion, gaining 47 buildings and over 5,000 rental homes. In May, Azora agreed to buy 1,200 rental homes in metropolitan Barcelona from Patrizia for more than €350 million. Barings and MEAG have also signed forward-purchase and concession deals. The surge contrasts with cooling home sales, which fell 3.51% year-over-year through May 2026 to 286,000 transactions. Oxford Economics expects price growth to moderate to 5% in 2027 from a projected 11% this year. BBVA Research forecasts a 7.3% sales drop in 2026. Data opacity persists: Spain's land registry anonymizes owner identities, making the true scale of corporate housing ownership unverifiable.