Real estate with a price tag of over €1 million are dotted around Spain and all 50 provinces have at least one. But prime homes tend to concentrate in some areas and one of them is the Costa del Sol, currently home to over 23% of the total. And the enclave with the highest numbers of luxury properties in Spain.
Costa del Sol has the highest concentration
A recent survey by the online property portal Idealista looked at prime residential real estate in Spain. Specifically, homes with an asking price of at least €1 million. In total, they numbered 36,368.
The vast majority of properties are located in just four parts of the country: the Costa del Sol, the Balearic Islands, Madrid and Barcelona. Between them, the quartet accounts for 73% of the luxury market.
However, the Costa del Sol and the Balearic Islands take the lion’s share within the four. Malaga province accounts for 23.1% of the total with the Balearics a very close second with 22.9%. Both Madrid and Barcelona lie considerably further behind with 15.1% and 12% respectively.
Most ultra-high-end properties are on the Costa del Sol
In some parts of the Costa del Sol, high-end real estate is the norm. This is the case in the so-called Golden Triangle, made up of Benahavís, Estepona and Marbella. It’s, therefore, no surprise to discover that when it comes to ultra-luxury properties in Spain, the Costa del Sol also takes centre stage.
In total, there were 2,216 Costa del Sol properties on the market with a price tag in excess of €3 million. This is the highest number in Spain and well ahead of the nearest competitor.
The number of ultra-luxury homes in Malaga province made up over a third (36.8%) of those in Spain. The 1,937 prime residential properties in the Balearic Islands accounted for 32.2% of the total.
Did you know? Our Luxury Collection lists the best high-end homes currently for sale on the Costa del Sol.
Find your luxury property on the Costa del Sol
As the Idealista survey shows, there’s no shortage of choice of prime real estate on the Costa del Sol. At Realista, we have one of the best selections, particularly in the most sought-after destinations such as Marbella and Benahavís.
Take a look at what’s on our books, whether it’s resale or new build. And if you can’t find what you’re looking for, get in touch with our friendly team who will be delighted to help your search for your next home on the Costa del Sol.