Types of luxury properties in Spain

Spain offers a wealth of opportunities in the property market, with a diverse range of styles to suit every budget and an abundance of prime locations to choose from.

From expansive coastal villas to elegant city penthouses steeped in history, Spain has established itself as a top destination for luxury real estate.

In this guide, we’ll explore the different types of properties available in Spain and uncover what makes the country such a sought-after location for buyers and investors alike.

Why choose Spain for luxury property?

Spain has long been a favourite destination due to its sunny weather, stunning landscapes, and rich cultural heritage. The country has always been a popular choice for tourists looking for luxury experiences, so it’s no real surprise that many are keen to make their stay more permanent, especially in the luxury sector.

Spain offers a high standard of living, great amenities, excellent infrastructure, and a relatively affordable cost of living compared to other European destinations and the US. For those seeking a luxurious lifestyle, there’s plenty to like.

On top of these benefits, Spain's Golden Visa programme also allows non-EU investors to gain residency through real estate purchases, making it an attractive choice for international buyers who want a more permanent home in Spain. Take note though that this scheme is due to end in 2025, but in spite of this, the luxury sector isn't expected to be heavily affected. 

Offerings in popular Spanish locations

Luxury properties in Spain are mostly concentrated in a few key areas, though there are many options across the country that will appeal to different types of buyers and budgets. 

The Costa del Sol, Marbella, and Ibiza are renowned for their stunning beachfront villas, while Madrid and Barcelona offer high-end city living with penthouses and contemporary apartments. 

The Balearic Islands and Costa Brava are also hotspots for those seeking exclusivity, with secluded estates and designer properties overlooking the Mediterranean.

What types of luxury property are there in Spain?

With this in mind, let’s take a closer look at the luxury properties available in Spain.

Luxury villas

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Luxury villas are among the most desirable properties in Spain, particularly in coastal areas such as Marbella, Ibiza, and the Costa Blanca. 

Properties can be very traditional but there are also villas designed to put an ultra-modern take on villa life – really, there's something for everyone.

These properties often have expansive private grounds, infinity pools, high-end interiors, and even smart home technology. 

They are often designed in a classic and desirable Mediterranean style with whitewashed walls, terracotta roofs, and spacious terraces perfect for outdoor living. 

Contemporary villas are also common, with eco-friendly designs and minimalist aesthetics becoming increasingly popular for investors and buyers.

Exclusive penthouses

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For those who prefer city living, penthouses in major cities such as Madrid and Barcelona offer a sophisticated lifestyle with plenty of amenities right on your doorstep.

These luxury residences often provide panoramic skyline views, private rooftop terraces, and open-plan living spaces.

Barcelona’s Passeig de Gràcia and Madrid’s Salamanca district are prime locations for high-end penthouses, attracting both international investors and affluent locals who crave central locations, luxurious features, and modern conveniences.

Historic estates and country homes

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Spain’s countryside is dotted with luxurious historic estates, known as "fincas" in Spanish. These properties offer a unique blend of traditional Spanish architecture and modern comforts. 

Many have expansive land, traditional stone facades, and rustic wooden beams. 

Popular locations for these properties include Andalusia, Mallorca, and Catalonia, making them ideal for buyers seeking privacy and a connection to nature. 

Some estates are converted into boutique hotels or vineyards by buyers, adding to their investment appeal.

Beachfront and coastal properties

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With the weather being a huge pull for expats and tourists, it’s no real surprise that there are many luxury properties in coastal and beachfront locations.

Spain’s extensive coastline is home to some of the most sought-after beachfront properties and has plenty to offer in terms of both stunning views and excellent amenities. 

Popular locations include the Costa del Sol, Costa Brava, and the Balearic Islands. 

Luxury beachfront homes often boast direct beach access, contemporary designs, and sometimes even private mooring for yachts. 

The Mediterranean lifestyle, combined with Spain’s wonderful climate, makes coastal living highly desirable.

Modern architectural masterpieces

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Spain is also home to cutting-edge, architecturally designed homes that push the boundaries of luxury living. 

These interesting contemporary residences can include innovative, eco-friendly designs, smart home automation, and bespoke interiors created by world-renowned designers. 

Many are located in exclusive areas such as Ibiza, Marbella, and Mallorca, where demand for unique, high-design properties continues to grow.

There are also opportunities for investors and architects in these areas where there is plenty of development and demand for these luxury properties.

Where to find the most expensive homes in Spain

Spain’s most luxurious and high-value properties can be found in a few key regions:

• Marbella and Costa del Sol: Known for its luxury villas and beachfront mansions.
• Barcelona: Offers exclusive penthouses and modern architectural gems.
• Madrid: Features historic estates and ultra-modern penthouses.
• The Balearic Islands (Mallorca, Ibiza, Menorca): A hotspot for beachfront properties and secluded estates.
• Costa Brava: Home to hidden coastal retreats and designer homes.

Find out where foreigners buy the most luxury homes in Spain

Key considerations when buying luxury property in Spain

Investing in Spanish luxury real estate requires careful planning and a good understanding of the legal and financial expectations that come with owning a property.

Many will work with a reputable lawyer to verify property titles, permits, and potential liabilities. This can also help with any language barriers or complexities in local legislation which can be slightly different for each area.

It’s important that any property owner understands Spain’s property taxes, capital gains tax, and wealth tax for high-value properties. It’s also important to understand how this will influence your tax in your home country.

Some Spanish banks offer mortgage solutions for international buyers, but larger deposits may be required. It’s also necessary to budget for an extra 10-15% of the property value for taxes and fees during the buying process.

Try to consider factors such as proximity to international schools, golf courses, marinas, and airports, particularly if you intend to live in the property as a permanent resident. You may also need to consider day-to-day amenities when exploring different locations in Spain.