According to the latest Global Property Handbook report by Barnes, Madrid has been ranked the fourth favourite city by high net worth individuals (HNWI), or in other words, wealthy people, to buy a home. On the list are two other Spanish cities, Barcelona (19th) and Malaga, which appears for the first time and climbs to 47th position.
Dubai tops the 2023 ranking, having snatched the throne from Paris, which falls to fifth place. Miami and New York remain in second and third place respectively.
The report takes several factors into account when rating. One of them is investment interest. It also considers the city interesting for foreign capital due to its pleasant climate, security and infrastructures, and Madrid, Barcelona and Malaga have many of these features. According to Barnes, this means that top executives who live in London or Paris have begun considering investing in Madrid to live here full-time.
According to Barnes, Madrid will remain in the top five in the coming years, as European citizens have begun to show interest in investing in the city, in addition to Latin Americans who already have a home in the capital but are looking for a larger one to spend more time or even settle permanently.
The report also highlights fifth-place Barcelona. It points out that the Catalan capital "offers excellent investment opportunities for primary and secondary residences and the rental market. Its value for money is optimal despite 2023's slight increase in the average price per square metre and the volume of transactions. For its part, tourism picked up again this year.
Regarding the profile of buyers, it highlights that, in 2023, a new American clientele started to arrive, mainly Californians, "who are moving away from the United States for political reasons and who appreciate Barcelona's Mediterranean lifestyle".
Luxury villas for sale in Spain with private pool
Discover an exclusive selection of luxury villas for sale in Spain, each featuring a private pool and outstanding design. Located in prime areas such as the Costa del Sol, Costa Brava, Costa Blanca, and the Balearic Islands, these homes offer spacious interiors, high-end finishes, and spectacular views.
Iconic Luxury Hotels opens first 5-star resort in Andalusia
British luxury hotel chain Iconic Luxury Hotels has unveiled its first Andalusian property: the Gran Marbella Resort & Beach Club, a five-star gem on Marbella’s Real de Zaragoza beach.
Historic home with 11 balconies for sale in Madrid’s Los Jerónimos
Listed on idealista for €8.8 million with monthly community fees of €500, the 383 m² residence occupies the second floor of an elegant 1900 building. The home features eleven balconies that flood the space with natural light, a kitchen with a central island, a spacious living room with a library, and four bedrooms and four bathrooms.
Maresme cements its status as Catalonia’s luxury oceanfront hotspot
Over the past five years, lifestyles and housing preferences have evolved significantly. In Spain’s real estate sector, a key trend has been rediscovering Maresme as a prime luxury location. This coastal area north of Barcelona has grown beyond being just an extension of the city to becoming a sought-after destination with its high standards.
Kronos plans to expand its branded residences model in Spain
Kronos Real Estate Group, through its subsidiary Kronos Homes, is considering rolling out its branded residences model in “strategic locations” across Spain, following the “remarkable success” it has achieved in Portugal in partnership with international brands such as Marriott and Hilton.
Turmalina Mansion: a landmark of luxury in the heart of Mallorca
In one of Mallorca’s most prestigious enclaves, nestled between the iconic peaks of Puig d'Alaró and Puig d'Alcadena, Turmalina Mansion is an estate of exceptional calibre. Just 20 minutes from Palma yet entirely immersed in nature, this €24,500,000 property offers the ultimate in Mediterranean sophistication, privacy, and architectural refinement.
Barcelona home for sale at €1.1m with a helicopter in the garden
A house for sale in Barcelona is turning heads on social media and property portals thanks to one truly surreal feature: there's a helicopter parked in the garden. Literally. It’s not a model or a decorative replica, but a real helicopter – complete with cockpit, propellers, military-style paintwork and even a licence plate. Unsurprisingly, the property has gone viral within hours – and for good reason.