According to an online real estate network specialising in high-end properties, 60% of demand for luxury housing in Spain now comes from overseas buyers. This is led by clients from Latin America, Western Europe, the United States and the Middle East.
The study Spain Premium 2025: X-ray of the new luxury real estate, prepared by The Simple Rent, concludes that Spain’s luxury housing sector is experiencing one of the “most solid and strategic moments” in its recent history.
According to the company, the premium segment has strengthened its position as a “safe haven for wealth” in a climate of economic uncertainty, inflationary pressure and regulatory change.
- Over the last fiscal year, transactions above 1.5 million euros have shown “sustained growth”, supported by international demand and a tightening supply of prime properties.
More than 20% of high-end deals have been closed by overseas investors, underlining Spain’s “structural appeal” as a “high-end” residential destination.
In the 2025 fiscal year, Madrid has positioned itself as one of the “most dynamic markets”, with annual price increases of more than 6% in leading districts such as Salamanca, El Viso, La Moraleja and Puerta de Hierro.
By contrast, on the Costa del Sol, especially in Marbella, Benahavís and Sotogrande, prices are rising at between 4% and 7%, while the Balearic Islands continue to post a “sustained upward trend”.
Overall, the analysis puts the average price of luxury homes marketed in 2025 at around 2.6 million euros, climbing above 5 million euros in the most exclusive locations.
Premium rentals set the pace for 2026
The report also highlights the “rise of high-end rentals” as a “strategic formula” for both buyers and investors. The rental market closed 2025 with year-on-year growth of more than 8%, reaching record levels, driven by greater international mobility, postponed purchase decisions and a limited supply of homes for sale.
In cities such as Madrid, Barcelona, Marbella and Ibiza, demand for rental properties priced above 3,000 euros a month has intensified. Against this backdrop, the real estate network’s study suggests that 2026 is emerging as the “year of premium rentals”, with particular emphasis on corporate lets, family rentals and medium-term stays.
The regions that concentrate luxury in Spain
According to figures from The Simple Rent, six autonomous communities account for almost 90% of Spain’s supply of homes priced above one million euros. These are: the Balearic Islands, the Community of Madrid, the Canary Islands, Andalusia, the Valencian Community and Catalonia.
- The Balearic Islands clearly top the national ranking, concentrating around 43% of all luxury homes on the market and recording an average price of more than 5,100 euros per square metre.
- The Community of Madrid comes next, with almost 24% of Spain’s premium housing stock and average prices above 4,500 euros per square metre, reinforcing its role as the main urban hub for international capital.
- The Canary Islands rank third, concentrating around 12% of Spain’s luxury housing market, with average prices close to 3,200 euros per square metre, supported by foreign demand, remote workers and the islands’ attractive climate.
- Andalusia, led by the Costa del Sol, accounts for more than 10% of the national premium segment, with regional average prices of around 2,800 euros per square metre.
- The Valencian Community and Catalonia round off the leading group.
- The report estimates that the Valencian Community holds more than 8% of Spain’s luxury market, with particularly strong momentum in Alicante and Valencia and annual growth of around 18%.
- Catalonia represents roughly 7.5% of premium stock, with average prices also close to 2,800 euros per square metre.
Sonia Campuzano, CEO of The Simple Rent, describes Spain as a “highly polarised” luxury market, pointing to the Balearic Islands, Madrid and the Costa del Sol as its main “drivers”.
