REAL ESTATE – Malaga is positioned as a market for luxury homes for foreigners
Malaga concentrates the largest offer of luxury and “ultra-luxury” homes in all of Spain
In the province of Malaga there are advertisements for more than 8,400 houses with a value of more than one million euros, 23% of the total, ahead of the Balearic Islands, Madrid and Barcelona – Of these, 2,216 cost more than three million.
Malaga is the Spanish province with the most luxury homes currently offered on the market, according to a published report. Spain has, as of September 1, 2021, 36,368 homes with prices above one million euros, and in Malaga there are 8,408, a figure that represents 23.1% of the total.
Next, they are followed, very closely, by the Balearic Islands, with 22.9% of the total, the Community of Madrid (15.1%) and Barcelona (12%). In fact, the provinces of Malaga, the Balearic Islands, Madrid and Barcelona account for 73% of all available homes above that amount.
There is an even more exclusive area such as “ultra-luxury” homes, those with a price of more than three million euros. The more than 6,000 properties of this price are also concentrated in the same four provinces: mainly in Malaga (2,216 advertisements; 36.8% of the total).
Malaga is positioned as a market for luxury homes for foreigners
The British choose Malaga, which occupies the second place in the luxury real estate market ranking
Malaga is one of the main markets in which foreigners look when buying luxury homes in Spain, according to data from a published study, based on the origin of searches for homes of more than one million euros.
Germans are the most interested in acquiring a luxury residence in Spain and represent 18% of searches, followed by the British, with 11%, and the French, with 10%. To a lesser extent, the Americans are also interested in the Spanish luxury real estate market, with 9%, and the Dutch, with 7%.
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