The issue of choosing a developer in Spain in 2025 is becoming increasingly relevant against the backdrop of a growing real estate market. Potential buyers often face a range of challenges: from concerns about timely delivery of properties and the quality of construction to the instability of mortgage interest rates. In order to make an informed decision, it is important to understand which developers truly deserve trust and how the market will evolve in the coming years. In this article, we will review the current trends in the Spanish real estate market, highlight the characteristics of key companies, and show what factors make a developer a reliable partner.
Why the reliability of the developer is so important
The main "pain" for real estate buyers is the fear of losing invested funds or receiving a property with significant defects. In practice, this can manifest in the following problems:
- Delays in construction. Many clients worry that construction may be delayed, and the deadline for handing over the apartment or house will be postponed.
- Risk of poor quality. Not all developers pay enough attention to energy efficiency, eco-friendliness, and the reliability of materials.
- Mortgage difficulties. Interest rates depend on the economic situation and decisions by the European Central Bank. In some cases, this can lead to higher loan costs.
- Opacity in contracts. The lack of clear guarantees and transparent information about payments and insurance.
To reduce these risks, it is important to analyze developers' activities in terms of business transparency, financial stability, and market experience. In Spain, there are large companies that have been demonstrating their reliability for many years, offering stable conditions and quality projects.
Factors supporting the growth of the real estate market
Before reviewing the leading developers, it is important to understand why experts predict further market growth in 2025–2026. At the APCE (Asociación de Promotores Constructores de España — Association of Developers and Builders of Spain) Congress in Málaga, it was noted that the overall improvement in the economic situation is creating a favorable environment for real estate investments. Key factors include:
- Increase in housing accessibility. Although inflation remains a challenge, job recovery, rising disposable income, and financial support measures, such as programs for buying the first home, are contributing to increased housing accessibility.
- Stable interest rates. Despite the fact that the European Central Bank's decisions can adjust rates, they are currently at acceptable levels.
- Limited supply. In large cities and tourist areas, a shortage of new properties is driving prices up, which in turn stimulates the construction market.
- Interest from foreign investors. The stability of the Spanish market and the prospect of rising property prices in the coming years are attracting foreign capital.
Thus, the demand for quality real estate is growing, and developers are focusing on sustainability, energy efficiency, and modern designs that meet the changing demands of clients.
Key developers worthy of trust
Below are the main companies whose business activities and financial performance confirm their status as reliable players in the real estate market in Spain.
Metrovacesa
Metrovacesa is one of the largest developers in the Spanish market. By mid-2024, under the new management, the company was constructing more than 4,000 housing units and simultaneously selling over 6,000 units. According to the plan, a significant portion of these properties will be delivered within the next two years, with about 2,000 units delivered annually. 73% of the units planned for delivery in 2025 have already been sold, and 50% of those scheduled for 2026.
How does it solve the buyer's "pain"? Metrovacesa demonstrates high transparency and a steady pace of construction, which reduces the risk of delays and increases buyers' trust.
Aedas Homes
Aedas Homes continues to strengthen its position. By the end of June 2024, the company had over 9,000 active housing units. Some of them (1,112) have already been completed, around 4,000 are under construction, and the rest are in the marketing or design phase. Additionally, in the coinvestment (joint investments) segment, 880 more properties are actively being sold.
The BTS (Build-to-Sell — selling properties after construction) and BTR (Build-to-Rent — renting out completed properties) models allow Aedas Homes to maintain a stable annual turnover of about 1 billion euros. By the end of June 2024, the sales portfolio reached 1.46 billion euros, which indicates a high level of trust from investors and buyers.
How does it solve the buyer's "pain"? The company clearly plans construction and sales timelines, ensuring transparency in transactions and predictable delivery dates for properties.
Neinor
Neinor shows steady sales growth. In the first half of 2024, sales increased by 30% compared to the same period the previous year, reaching 836 units sold. Preliminary sales are estimated at over 300 million euros, and the average price of a unit is 370,000 euros. Increased client activity (10% more visits and inquiries) suggests high demand for the company's properties.
In the build-to-rent (BTR) segment, Neinor has sold over 1,000 units in the last 12 months, cooperating with both large institutional investors and private funds. Importantly, the company strives to keep prices at a more affordable level than the average market price, maintaining a "price/average income" ratio of 5 years, while the national average is 7.3 years.
How does it solve the buyer's "pain"? For those concerned about rising property prices, Neinor offers relatively affordable options, as well as flexible purchasing and rental formats.
Kronos Homes
Kronos Homes plans to increase its portfolio to 18,000 housing units by the end of 2024, 1,500 more than in 2023. The company places special emphasis on design and sustainability, collaborating with leading architectural firms. In 2025-2026, another 1,600 new units are planned to be launched, and the total volume of delivered properties in 2024 should reach 1,500 units.
A key feature is its focus on sustainable development. Projects have already been completed that combine modern architecture with energy efficiency. This is an important criterion for buyers who want to reduce utility costs and care about the environment.
How does it solve the buyer's "pain"? The company offers attractive locations and modern planning, focusing on energy efficiency, which allows investors to save on long-term maintenance costs.
How to choose a developer: practical tips
When choosing a reliable developer, it is important to consider not only the company's scale but also the specific conditions it offers:
- Financial reporting. Look for companies that publish transparent data about their projects, the construction stages, and the number of units sold.
- Environmental aspects. In today's market, more and more properties are receiving energy efficiency certificates. This is a long-term benefit and a sign of the developer's responsibility.
- Buyer reviews. Study comments and analysis from those who have already purchased property from the developer.
- Flexible deal formats. The presence of BTS (Build-to-Sell) and BTR (Build-to-Rent) programs indicates that the company operates in different market segments and better understands buyers' needs.
- Reputation at industry events. Companies participating in key forums, such as the APCE (Asociación de Promotores Constructores de España) congress, usually have a stable position and development strategy.
Conclusion: steady growth and transparency
Spanish developers Metrovacesa, Aedas Homes, Neinor, and Kronos Homes continue to show strong sales and active construction figures, indicating a stable real estate market dynamic. Despite challenges associated with inflation and potential fluctuations in interest rates, the demand for quality properties continues to grow due to accessible mortgage conditions, government support, and strong interest from foreign investors.
If you are looking for a reliable partner in the Spanish real estate market, pay attention to companies with a transparent transaction history, stable growth, and a strong focus on sustainability and energy efficiency. This will help you minimize risks and ensure high-quality housing that meets your expectations and needs.