This last year, sales of luxury properties, those that are valued at more than 2 million euros, in Spain have increased by 55% compared to last year, with more than 5,500 transactions so far this year. Since last year the value of this type of property has increased by 13%, which will surely increase due to high demand.
For this type of property there are usually two types of profiles:
The international buyer
They tend to be executive buyers over the age of 40, with high purchasing power and a preference for exclusive and sophisticated properties, most of whom are British, German and French.
Again, they are foreign investor clients who see luxury homes as a safe and profitable long-term investment. Since this type of housing continues to experience an appreciation above the average of the real estate market.
Both types of profiles of luxury home buyers prioritize homes with large plots, far from the center and with surveillance like gated communities.
Costa del Sol, as a favorite location for buyers of luxury homes
The Costa del Sol is one of the most sought-after locations for this type of buyer since in this area you can find beautiful and paradisiacal beaches and virgin coves stretching out over 150 km, several prestigious golf courses in which are gated and luxurious communities. It is also the area of Spain that has more than 325 sunny days a year, hence its name.
They are followed by the Balearic Islands, Madrid and Barcelona, which account for 69% of luxury homes in Spain in recent years.
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