Considered by many to be the finest residential area in Europe, La Zagaleta, with an area of 900 hectares, some 400 plots, and around 260 villas, is also one of the most select and exclusive areas. It is renowned for its privacy, security, and privileged natural surroundings, making it a coveted destination for high-net-worth buyers. Demand has increased by over 19% during the first months of 2024, while prices, which were already very high, have increased significantly, with a change of just 0.5% compared to 2023.
The average price of a new property in La Zagaleta is currently between €15,000 and €16,000/m2, but on some premium plots with panoramic sea views and strategic locations, land prices are even exceeding €10,000/m2, with plots selling for over €10 million.
La Zagaleta, which still has around 100 plots available, is undergoing an expansion project that will house a 60-room hotel and 66 associated villas under the branded residences scheme, all on a 110,000-square-meter plot with its own entrance, which will entail an investment of over €170 million.
One of the challenges facing La Zagaleta, which has increased throughout 2024, is that demand outstrips available supply, especially for newly built and move-in ready properties.
Average Living Area – 1,259 m²: The average living area of properties in La Zagaleta is 1,259 square meters, highlighting the appeal of spacious, luxurious living. This parameter is crucial for those seeking generous living space and amenities such as a home office, gym, or guest room.
Average Lot Area – 6,145 m²: With an average area of 6,145 square meters, luxury properties in La Zagaleta offer ample outdoor space for landscaping, pools, or extensions. This information is useful for those looking for properties that combine indoor-outdoor living or the ability to personalize their outdoor space.
Average Asking Price – €7,868,987: Luxury properties in La Zagaleta have an average asking price of €7,868,987, reflecting the area’s reputation as a prime real estate location. This figure is crucial for potential buyers and sellers to understand market dynamics and set competitive prices for properties.
Price per square meter – €5,321: With an average price of €5,321 per square meter, this figure is an excellent indicator of property price relative to its size. It is invaluable for investors looking to assess a property’s value proposition and predict potential profitability.
Understanding these key figures can help you make informed decisions, whether as a buyer looking for an attractive price, as a seller setting the price for their property, or as an investor estimating potential profitability in Marbella’s dynamic real estate market.
Most acquisitions in La Zagaleta are made by foreign buyers, primarily from countries such as the United States, the United Kingdom, Germany, Scandinavia, France, and Israel. These buyers are typically entrepreneurs, executives, and professionals from sectors such as technology, renewable energy, and innovation.
The luxury real estate market in La Zagaleta is expected to continue its sustained growth in 2025, driven by high international demand and limited supply. The expansion of urban development and the development of new projects will help consolidate La Zagaleta as one of the most exclusive destinations for real estate investment in Europe.
Marbella WOHNEN Immobilien – In Brief
The La Zagaleta real estate market is characterized by its exclusivity, high prices, luxury services, and an atmosphere of privacy and security, attracting high-net-worth buyers seeking the best in luxury real estate.
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