The Rise of Luxury Housing in Spain: A Booming Market

Spain’s Luxury Housing Market Report 2024

On November 21, our event venue Brumma served as the perfect setting to unveil the Luxury Housing Market Report in Spain 2024, a collaborative effort between Fotocasa and INFINITUM.

This exclusive event brought together prominent national media outlets to gain firsthand insights into the data and trends driving this thriving sector. The report highlights the growth and transformation of a market that continues to attract both domestic and international buyers.

In this article, we delve into the key trends and figures shaping Spain’s luxury housing market. Discover the most relevant insights from this real estate report!
 

A thriving market for luxury homes in Spain

According to data, Spain’s luxury housing market has seen a remarkable surge in demand, increasing by 97% between 2019 and April 2024, as reported by Fotocasa. This growth is driven by factors such as economic recovery, heightened interest from foreign buyers, and Spain’s establishment as a premier destination for high-end real estate investment. Residential developments like INFINITUM in Tarragona, along with other luxury resorts, have significantly fueled buyer interest, with an 85% increase in demand from 2022 to 2023.

Key drivers of this boom include a strong demand for exclusive residences in unique locations with exceptional features. Iconic cities, natural landscapes, and other premium locales lead the way. INFINITUM’s environmentally conscious residential project on the Costa Dorada exemplifies this trend, harmoniously integrating luxury homes with their natural surroundings.

These attributes make such properties appealing to global buyers seeking luxury, sustainability, and quality of life in prime settings. They also offer the added benefit of substantial investment appreciation.

Supply and demand: Key investment zones in Spain

The report underscores Spain’s position as a leader in the luxury housing sector. With its geographical and cultural diversity and a wide range of premium properties in unique locations, Spain has become an ideal destination for high-end real estate investment.

In analyzing the supply of luxury properties, the report reveals that key areas such as Málaga, Alicante, the Balearic Islands, Barcelona, and Madrid boast the largest stock of high-end homes. Málaga leads with 23.2% of luxury properties, averaging €2.6 million; Alicante follows with 18.9% of the stock and an average price of €1.6 million; followed by The Balearic Islands offer 12.7% of the total, with average prices of €2.3 million. Overall, the supply of luxury homes—defined as those priced above €800,000—has risen by over 150% from 2019 to 2024.

On the demand side, Madrid tops the list, attracting 36.1% of luxury property seekers in 2024, followed by Barcelona (14.6%), Málaga (11.6%), the Balearic Islands (9.0%), Alicante (3.8%), and Valencia (3.3%).

These cities stand out not only for their vibrant social and cultural life but also for their excellent climate and natural environments.

The study highlights sustained growth in these regions, cementing Spain’s status as a secure destination for strategic investments, whether for enjoying an exclusive residence or securing future returns.
 

>> Access to full Luxury Housing Market Report in Spain 2024

Who are the ideal buyers?

The report examines the profiles of high-end property buyers in Spain, revealing a balanced demand between domestic and international clients. Among international buyers, those from Belgium, the Netherlands, and Switzerland are particularly prominent.

Regardless of nationality, motivations for investing in Spain are notably consistent across profiles. Buyers are drawn by the country’s high quality of life, sustainability, and exceptional connectivity—both physical and technological.

Spain’s most sought-after luxury homes

Spain’s luxury housing market offers a wide variety of property types to cater to diverse buyer preferences. Here are the most in-demand types of high-end residences:

Villas and Detached Homes: Known for spacious grounds, private pools, and spectacular views of the sea or mountains, these properties offer privacy, space, and stunning natural surroundings.

Seafront Apartments: Highly coveted in coastal areas like Marbella, Ibiza, and the Costa Dorada, these properties provide dreamlike locations.

Luxury Townhouses: Ideal for buyers seeking premium properties at a more accessible price point, these homes combine modern design with luxury amenities like expansive terraces, smart home systems, and access to upscale communal areas.

Homes in Exclusive Resorts: Gaining popularity, these properties not only provide luxury living but also offer access to golf courses, spas, fine dining, and other premium facilities. INFINITUM’s exclusive resort exemplifies this trend, offering year-round resort living in tranquil and private settings.

INFINITUM: A Benchmark for luxury real estate

Following the event, one thing is clear: Spain continues to solidify its reputation in the luxury housing market. With offerings tailored to the demands of an increasingly discerning and global buyer profile, the country remains the ideal destination for investing in high-end properties in an environment that delivers exceptional quality of life.

INFINITUM stands out as the perfect choice for buyers seeking luxury homes in a unique natural setting. Its cutting-edge, eco-sustainable architectural projects and array of exclusive services support a relaxed and sophisticated lifestyle.

The resort offers a variety of housing options to suit all needs and preferences—from seafront apartments to townhouses with golf course views and homes immersed in nature. Signature projects like Villas Ponent, Mestral, and Morell Apartments provide buyers with the opportunity to enjoy unparalleled comfort and amenities in a one-of-a-kind environment.

Interested in purchasing an exclusive home in our resort? Request more information today!
 

>> Access to full Luxury Housing Market Report in Spain 2024