Spain continues to captivate foreign buyers seeking exclusive properties, particularly large homes with five or more bedrooms. According to the Property Registrars, nearly 100,000 properties were acquired by non-Spaniards last year, setting a new record.
The first half of 2025 alone saw around 3,240 homes over 180 m² sold for over €1.05 million, representing just 0.87% of all housing transactions—but highlighting the exclusive nature of Spain’s luxury property market.
Prime locations for luxury living
Foreign buyers favour established coastal destinations such as Marbella (Málaga), Palma (Balearic Islands) and Jávea (Alicante), alongside prime districts in Madrid, Barcelona, and Valencia. Among the 30 towns that accounted for 25% of foreign searches for five-bedroom homes or more, notable names include Denia, Altea, Moraira, Calpe, Mijas, Benalmádena, Estepona, Santa Eulalia del Río, Sant Josep de Sa Talaia, and Calvià.
Spain’s most exclusive areas also attract interest, including Benahavís, Sotogrande, Pozuelo de Alarcón, La Moraleja, and prime city locations in Málaga, Alicante, Las Palmas de Gran Canaria, and Seville.
Sales trends in large homes
Data from Spain's Ministry of Housing and Urban Agenda (MIVAU) highlights strong demand:
- Madrid: Over 1,300 luxury homes sold.
- Andalusia: 640 large properties sold, more than 500 in Málaga province.
- Catalonia: 530 homes, mostly in Barcelona (413) and Girona (100).
- Balearic Islands: Almost 400 transactions.
- Valencian Community: Nearly 180 sales, predominantly in Alicante (77%).
Who is buying and where
- British buyers gravitate to the Costa del Sol (Marbella, Mijas, Málaga) and Alicante (Jávea, Denia, Orihuela, Elche), but also look to Madrid, Barcelona, and Palma.
- German buyers favour the Balearic Islands, particularly Palma, Calvià, Llucmajor, Santanyí, Andratx, Capdepera, and Santa Eulalia del Río.
- French buyers focus on the capitals (Madrid, Barcelona, Valencia), with coastal spots like Marbella, Lloret de Mar, Palafrugell, Begur, Calonge, and Roses also popular.
- Italian buyers seek large properties in Barcelona, Madrid, and Valencia, and coastal gems such as Formentera, Marbella, and Las Palmas de Gran Canaria.
- US buyers are drawn to the main capitals, as well as Málaga, Seville, Alicante, Oviedo, and exclusive towns like Marbella, Pozuelo de Alarcón, Vigo, and Sitges.
- Mexican buyers concentrate on Madrid and surrounding areas, including Pozuelo de Alarcón, Las Rozas, La Moraleja, and Torrelodones.
Spain’s luxury property market remains highly competitive yet alluring, offering a mix of sun-drenched coastal retreats, prestigious city residences, and exclusive villas for those seeking the ultimate in space, style, and privacy.
