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With the property market that is holding strong, Spain is considered a top destination for investing in luxury real estate. It is not just the warm weather and nightlife that attract foreign investors; it is the culture and stunning scenery that make Spain an attractive option for high-end living.
We at Realista have listed some prominent locations for buying luxury real estate in Spain. The list contains a sprawling villa in the heart of Marbella and a modern apartment in Barcelona, ideal for people seeking adventure and luxury in equal measure.
Top Destinations for Luxury Real Estate in Spain
Some prominent locations offering the ultimate luxury to foreign investors and buyers are listed below.
Costa del Sol
This area of the province of Málaga is one of the most established and in-demand for Spain’s luxury real estate market, thanks to its privileged climate, beaches, golf courses, and cultural and gastronomic offer.
Marbella is the most exclusive city on the Costa del Sol, with urbanisations such as Sierra Blanca, La Zagaleta, or Los Flamingos that house impressive villas with sea and mountain views. It is the ultimate holiday destination in Spain, offering much more than just a buzzing nightlife. The town boasts gorgeous beaches, art galleries, and typical Andalusian architecture that are all worth exploring.
Besides Marbella, other towns such as Estepona, Benahavís, or Mijas also have high-quality luxury properties. Benahavis has some of the most expensive properties in Spain. This picturesque village has breath taking scenery, excellent golf courses, and plenty of dining options. The pleasant weather and prime location make it an ideal spot for those considering a move to Spain. Plus, the availability of luxury properties only adds to the charm of this stunning village.
Best Places to Buy Property in Costa Del Sol
Some of the popular destinations in Costa Del Sol are mentioned below.
In recent times, this metropolitan area has undergone significant development, emerging as an essential technology centre in the country. With a vast selection of property choices, Malaga offers something for everyone. This culturally enriched city near the Mediterranean Sea presents endless opportunities for savouring art and entertainment which is why it is one of the most in-demand areas currently in Spain.
The chic resort town of Marbella enjoys a reputation as one of Europe’s leading holiday destinations, attracting visitors from various parts of the world. With its vibrant nightlife, exclusive yachting facilities at Puerto Banus, and impressive dining scene, this upscale destination appeals to those seeking a refined living.
You will find sleek apartments, contemporary villas, and palatial estates on the Golden Mile, which features stunning mansions and opulent hotel accommodations along a scenic stretch of Mediterranean shoreline.
Estepona, another sought-after destination, provides more relaxed surroundings than Marbella. Its secluded beaches promise peaceful sunbathing while the quaint Old Town retains the rustic appeal of historic Andalucia. In this area of Costa del Sol, you will find properties which include charming apartments and roomy villas with private swimming pools.
Benahavis, a village situated just seven kilometres from the coast, has become something of a celebrity hangout due to its profusion of acclaimed eateries. As the region’s designated “gourmet capital,” properties here range from cosy townhouses to grand villas surrounded by lush subtropical landscapes.
The Balearic Islands
Mallorca, Ibiza, Menorca, and Formentera are the perfect place in the Mediterranean to live in an exclusive apartment, a luxury villa by the sea, or a spectacular traditional estate inland, surrounded by nature.
With its alluring coves, stunning sunsets, and verdant natural landscapes, it is no wonder this place is a hit. Whether you seek solace in peaceful relaxation or seek excitement in the islands’ vibrant nightlife, there is an abundance of ways to enjoy your stay. Explore charming fishing villages, marvel at breath taking scenery, or indulge in exhilarating water sports.
Menorca and Formentera, two idyllic hideaways in the Mediterranean, offer the ultimate haven of serenity. These are the quietest and most authentic islands, with charming rural houses and chalets.
The two largest islands, Mallorca, and Ibiza, offer an array of attractions. Mallorca is the largest and most diverse island, with areas like Palma, Andratx, or Deià offering dream properties. Ibiza is the most cosmopolitan and lively island, with modern and sophisticated villas that attract celebrities, athletes, and influential businesspeople.
Mallorca has the bustling capital of Palma, the enchanting Cabrera National Park, and the magnificent Sierra de Tramontana Mountain range. Meanwhile, Ibiza has been recognized as a UNESCO World Heritage site for its remarkable biodiversity and cultural landmarks, such as the Phoenician archaeological site of Sa Caleta, the Puig des Molins cemetery, and the historic centre of Eivissa. Not to mention, Ibiza is also renowned among partygoers for its pulsating nightlife, where the rhythm of music echoes through the night.
The Catalan capital’s unique combination of vibrant culture and modern living makes it one of Europe’s most attractive and dynamic cities for real estate investment. The city has plenty of luxury real estate options, with apartments in areas such as the Gothic Quarter and Paseo de Gracia quite in-demand. Apart from these areas, the residential areas such as Pedralbes, Sarrià-Sant Gervasi, and Vallvidrera have some of the city’s most modern and elegant residential villas.
From stunning apartments in the historic centre to breath taking villas in the most exclusive residential areas, Madrid offers something for even the most discerning buyer.
Among the most sought-after neighbourhoods in Madrid are Salamanca, Chamberí, Retiro, and Centro, where you can find properties with excellent locations, sophisticated designs, and privileged views. These neighbourhoods have a wide cultural, gastronomic, and commercial offer and good connections with the rest of the city and the airport.
Other highly demanded areas are La Moraleja, Pozuelo de Alarcón, and El Viso, where some of Madrid’s most luxurious and spectacular houses are located. These areas have a safe environment and have all the essential facilities and modern amenities. In these areas, you can find mansions with large gardens, swimming pools, gyms, spas, and all kinds of amenities.
Some of the most exclusive and unique properties in Madrid are the Versace mansion, inspired by the style of the famous Italian designer; the penthouse with garden and private pool in La Finca urbanization; the architectural jewel designed by prestigious architect Fernando Higueras in La Moraleja; or the apartment overlooking Retiro Park in the Jerónimos neighbourhood.
These are just some of the options offered by the luxury real estate market in Spain, a country that combines tradition and modernity, nature and urbanity, sun, and beach—a country where you can find the ideal luxury property for every taste and need.