The best area for the luxury real estate market in Spain
Investing in the luxury real estate market goes beyond acquiring new construction homes, it is about seeking a personalized and unique style and quality of life. Therefore, choosing the perfect location becomes an essential factor.
Spain, where the sun shines most of the year and has great geographic and cultural diversity, stands as an unrivaled destination for those seeking to experience luxury in all its splendor. Here the search for exclusivity becomes an authentic experience and proof of this is the great growth that the luxury real estate sector has experienced in recent years.
At Marbella WOHNEN Immobilien we know that investing in high-end properties requires a lot of care and insight. Therefore, in this article we explore the hidden gems and the best areas to buy luxury homes in Spain, highlighting our commitment to excellence in this prosperous sector. Let’s start!
LUXURY REAL ESTATE MARKET IN SPAIN
EVOLUTION AND CURRENT TRENDS
Despite recent increases in interest rates and the challenges presented by the pandemic, the luxury real estate market in Spain remains strong and is in a state of constant evolution and growth, offering investors solid and attractive opportunities.
Luxury homes in Spain are characterized by their privileged location, the use of high-quality materials, and a focus on people’s privacy. These residences offer high-end services and have smart technology systems. In addition, current luxury real estate trends include kitchens integrated into the living room with high-quality appliances and furniture. Large windows that allow in natural light and optimal thermal and acoustic insulation have become essential. Outside, large gardens and infinity pools prevail.
In short, the main characteristic of this type of luxury properties is oriented towards the construction, not only of elegant and sophisticated homes, but also of sustainable and energy efficient homes.
ONE OF THE BEST AREAS TO BUY A LUXURY HOME IN SPAIN IS THE COSTA DEL SOL.
THE BEST AREA FOR BUYING LUXURY PROPERTY IN SPAIN
The province of Malaga is positioned as a luxury destination and its supply and demand is constantly growing. This is how we have refounded it from the data obtained from our market study of the real estate sector on the Costa del Sol.
This region of the Malaga coast attracts international investors not only for its exceptional climate and beaches, but also for exceptional European and international air connectivity. In fact, it concentrates 34% of the total luxury homes with a value of more than three million euros, of which the majority are located in the well-known Golden Triangle: Marbella, Benahavís and Estepona.
Among the municipalities highlighted as epicenters of real estate luxury on the Costa del Sol, the prestigious Golden Mile of Marbella stands out, known for its golden sand beaches, exclusive restaurants, luxury fashion boutiques, eye-catching nightlife, and a sophisticated life. (Sierra Blanca) – (Marbella Golden Mile)
On the other hand, Benahavís is a small cosmopolitan municipality located on the Costa del Sol that also invites you to pack your bags and go live there. Known for its mountainous landscape and golden sand beaches, it has become a luxury destination highly coveted by investors and buyers. (La Zagaleta) – (Benahàvis)
Finally, Estepona, another of the most sought-after coastal destinations on the Costa del Sol, offers a more relaxed atmosphere than Marbella. It is the second city in volume of development activity in the province of Malaga and with a very active real estate market. Living in Estepona is synonymous with waking up every day at the foot of the Mediterranean Sea. (New Golden Mile Estepona)
From the sunny Costa del Sol the luxury market in Spain offers a wide range of opportunities. In this context, Marbella WOHNEN, as a luxury real estate consultant, is committed to helping you find the perfect home for your lifestyle.