Spain remains a popular destination for expatriates from the European Union with 2.3 million now registered as living in the country.
In relation to the entire population of Spain, the amounts to around five per cent, making the expat community an important demographic.
Still the area with the highest concentration of expats is the Balearic Islands where 12.5 per cent of the 133,740 residents are from a foreign country.
The demographic has shifted in recent years however, with the majority of expats being of working age as opposed to the previous trend for the over-60s making Spain their home.
Daniel Chavarria Waschke, managing director of Sotheby’s International Realty, said: "Traditionally our clients were wealthy discerning Europeans who were choosing to relocate for a peaceful retirement in the sunshine.
"Today, whilst that market of course exists, they are joined by younger couples or families looking for a change in lifestyle."