Luxury real estate in Spain

According to a press release, Meliá Hotels International has announced that it will open a new hotel in Lloret de Mar (Girona).

Spain's Golden Visa has been a major attraction for foreign investors for years, offering them the opportunity to obtain residency in the country in exchange for a significant investment. However, its future is now in question, with the government announcing it is to be withdrawn a few days ago.

Spain is home to villages with a rich historical heritage and priceless beauty, as well as well-priced homes and properties which would be impossible to buy or build in cities.

You can find real architectural gems in Spain, many of which are for sale on idealista. This 17th-century manor house is certainly an example and has become one of the most viewed properties on the portal these days.

The Zel Costa Brava hotel, the second of the brand created by Meliá Hotels International and Rafa Nadal, will open in June in Cala Giverola, a few miles from one of the Costa Brava's most emblematic towns, Tossa de Mar. This debut, just a year after Zel Mallorca's opening, is part of the intensive

Marbella has incredible homes worth viewing. One is located on the Golden Mile, on the beachfront, and is for sale on idealista for €22m. The 454 m2 penthouse, located in a private complex with 24-hour reception, has six bedrooms and eight bathrooms. Its impressive terrace has a private pool, a barbecue and incredible views. Common areas include a gym, a solarium and large green spaces.

Sotogrande, the iconic luxury and sporting retreat pioneered by Joseph McMicking six decades ago, is reinventing itself with a new project from the real estate developer (Sotogrande) controlled by the British fund Orion. Aqua, a dream villa designed by Ark, can be found in the exclusive La Reserva district, marking a milestone in the community's revival as an elite destination.

The real estate consultancy estimates that throughout 2024, 260 new hotels and nearly 26,000 rooms will hit the market, and states that one in every five openings will correspond to high-end establishments. Furthermore, estimates show that about half will be concentrated in Malaga, Madrid, Valencia and the Canary Islands.

Spain's luxury residential market is experiencing a boom. Climate, infrastructure, quality of life and security are the main reasons why buyers of luxury and ultra-luxury homes (over €5 m) choose Spain to live in. Marbella is one of the epicentres of ultra-luxury. Specifically, the most expensive square metre is in homes on Marbella's beachfront in Marina Puente Romano complex, reaching €30,000 per square metre. And when the property is good... the sale takes place “off market”, that is, it does not go on sale publicly and takes only between one and three months to sell.

One segment that knows very little about recession is the luxury housing market. As it continues at a good pace, experts predict it will grow during the second quarter of 2024. It should be noted that, while the rest of the residential segments have been slowing down during 2023, it has remained resilient and Spain is ranked as the fourth destination luxury worldwide. Madrid, Murcia and the Canary Islands will be the most appealing areas for non-residents.

Sotogrande, located on the Costa del Sol, is a prestigious urban development that has an ideal climate and a wide range of sports and leisure facilities. The exclusive Cadiz location is coveted by many, who seek its security, privacy and quality of life. Its strategic location, between the Mediterranean and Atlantic beaches, is one of its most notable advantages, which facilitates a distinguished lifestyle for residents. When moving to this area, the cost of living is an important factor to consider.

Looking to make your dream of owning a holiday home or luxury villa in Spain a reality? Whether you're actively searching or simply exploring your options, you've come to the right place.

A new branded-residence project arrives in Spain with the help of Higuerón Developments. The luxury home developer has announced a €26 million investment to develop an exclusive residential complex in Malaga that will have 26 designer flats and six villas with sea views and extra services, such as a spa or yacht reservations.

The luxury real estate agency Engel & Völkers assures that Americans have increasingly more weight in their portfolio. In 2023, this nationality represented 2% of all the company's transactions in Madrid, while in Barcelona it represented almost 5% and in Valencia, close to 7%.

These luxury homes with sea views offer an unrivalled degree of exclusivity and are meticulously designed to satisfy the most demanding standards.

The Council of Ministers approved removing golden visas for foreigners investing over €500,000 in housing, just one day after the President Pedro Sánchez, announced the decision. idealista/news speaks with Spain's main luxury real estate agents to see what they think. They believe that, although it is a blow for the sector, since it removes an appealing option in some cases, they expect limited damage, since most foreign investors do not invest in Spain to obtain a residence permit. Furthermore, only 0.1% and 0.5% of homes sold to foreigners from 2016 to 2023 received golden visas.

The President of the Government, Pedro Sánchez, has announced that the next Council of Ministers this Tuesday will address removing the Golden Visa for foreigners who invest more than €500,000 in properties. During an event on housing in Dos Hermanas (Seville), Pedro Sánchez explained that the Coun

Nestled in the prestigious enclave of Nova Santa Ponsa in the southwest of Mallorca, this newly constructed designer villa epitomises contemporary luxury living.

Pure Living Properties, an agency specialising in the premium market, has designed a guide analysing all the steps and current costs of the process. According to this study, the price of designing, building and providing technical facilities and furniture for a luxury villa with gardens and pool is currently around €5.1 million.

The high-end residential market in Madrid continues to attract foreign investment, especially American buyers, who consider the region as the “European Miami”, according to Lucas Fox, the real estate agency specialising in luxury housing. According to its data, renovating a home in the capital's 'prime' neighbourhoods can increase its price by more than 70% to over €10,000/m2. Jerónimos (€20,800/m2), Recoletos (€17,300/m2) and Goya (€15,000/m2) stand out the most but La Moraleja (€12,000/m2) and Pozuelo (€11,500/m2) are also noteworthy.

Knight Frank's latest 'Wealth Report 2024' on the luxury market reveals what $1m can buy in the most expensive real estate markets in the world. Prime housing prices remain high in Monaco, Hong Kong and Singapore, where $1m can barely buy 15 to 30 m2 of luxury property. In Spanish destinations, the values change from 96 m2 in Madrid to just 50 m2 in Ibiza.

Colliers ramps up its commitment to luxury housing and opens an office in the heart of the Costa del Sol. According to idealista/news, the real estate consultancy firm chose Bulevar Príncipe Alfonso de Hohenlohe on Marbella's Golden Mile for this new space.

Madrid and Barcelona are among the top 10 cities in the world where the price of luxury housing will grow the most in 2024, according to forecasts from Savills' 'World Cities Prime Residential' index.

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.

Spain, a country synonymous with sun-drenched beaches, rich history, and vibrant culture, also boasts some of the most luxurious homes in Europe.