Spain luxury real estate

Spain is witnessing a golden age in the luxury country estate market. From Andalusia’s historic cortijos to Catalonia’s restored masías, and from Galician manor houses to Basque farmhouses, these properties have become the new must-have for discerning Spanish and international buyers.

Co-ownership is gaining traction in the luxury market. In Baqueira Beret, one of the Spanish Pyrenees’ most exclusive destinations, 5% of premium homes are now sold under this model, allowing owners to enjoy high-end second homes while sharing investment and maintenance costs.

Marbella’s Golden Mile, one of the Mediterranean’s most exclusive areas, now hosts a new luxury development that reinforces the Costa del Sol’s leading position in the high-end market: Uno Marbella. Created by Jamsa, the project offers contemporary beachfront homes with resort-style amenities.

Based on data from Spain’s Tax Agency, we’ve analysed the latest prices of second-hand homes for sale in the country’s wealthiest municipalities, using statistics from idealista. Leading the pack once again is Pozuelo de Alarcón (Madrid), with an average gross income of €88,011 per year.

Paloma Pérez Bravo, CEO of Residential at Lucas Fox, speaks exclusively to idealista/news about the latest trends shaping Spain’s luxury property market.

The luxury real estate market on Spain’s Costa del Sol has reinforced its strength in the first half of 2025, despite a global slowdown in property activity.

Poised between the rolling green hills of the Basque Country and the sparkling waters of the Bay of Biscay, San Sebastián is quietly redefining luxury living in Spain.

Tucked away in the prestigious enclave of Cala Sa Nau, where only a handful of exceptional properties exist, this modern Mediterranean villa redefines coastal living.

Villa Sense, located in La Gran Reserva, Sotogrande, is a new luxury residence designed by ARK Architects with bioclimatic architecture. The design makes full use of the site’s orientation, natural light and ventilation to minimise energy consumption while maximising comfort. Part of the exclusive development The 15, the home combines efficiency, harmony with the landscape and a sense of spaciousness.

Developer TM has officially unveiled its flagship project in Benidorm: TM Tower, set to become the tallest residential skyscraper in Europe.Standing 230 metres high, it will surpass its iconic neighbour, InTempo – currently the tallest – and will feature 64 floors and 260 homes ranging from one to f

The MIM hotel chain, owned by Argentine footballer Leo Messi, has just opened a new five-star hotel in Sotogrande, Cádiz. The recently inaugurated MIM Sotogrande, situated in the heart of the exclusive marina and managed by the Majestic Hotel Group, boasts 45 suites, including the most prestigious, which is named after the Argentine star.

Málaga is not only one of Europe’s trendiest cities but also a showcase for luxury real estate, as seen in this idealista listing: a magnificent flat boasting spectacular views of the Mediterranean, on the market for €2.95 million.

Madrid and Barcelona are solidifying their positions in the competitive global luxury property market.

Menorca, the more refined and discreet sister of Mallorca and Ibiza, is rapidly becoming one of the Mediterranean’s most desirable destinations for international buyers.With its protected coastline, relaxed rhythm of life, and strict low-rise building policies, the island offers a very different kin

Perched in the hills above Palma, Son Vida has long held its crown as Mallorca’s most prestigious address.

In the heart of Sóller’s vibrant historic centre, just steps from the main square, stands one of Mallorca’s most iconic residences: the Palace of San Bartolomé.

In Los Monteros, one of Marbella’s most exclusive and secure residential areas, Villa Marea is a standout property, renowned for its striking contemporary architecture and state-of-the-art technology. It has just recently been listed on idealista for €12 million.

Forty-nine of Spain’s 50 provinces have at least one home listed on idealista for over €1 million, though the distribution is highly uneven. Málaga, the Balearic Islands, Madrid, Alicante, Barcelona and Girona alone account for 84% of all such properties. In many provinces, with fewer than 22 listings, their share is so small that it rounds down to 0.0%.

Empuriabrava, often referred to as the "Catalan Venice", is fast becoming a hub for nautical luxury. With its exclusive marina and waterfront lifestyle, it is drawing high-end buyers, reigniting interest in the local property market and positioning itself as a prime destination for luxury real estate investment.

The Catalan coast stands out for some of Spain’s most prestigious homes.

The Balearic Islands, Costa del Sol and Costa Brava have long been Spain’s top destinations for luxury second homes, attracting wealthy foreigners seeking a getaway. Recently, Costa Blanca in Alicante has joined their ranks, with towns like Denia and Jávea offering a wide range of premium properties. According to Engel & Völkers, high-net-worth buyers from Germany, the Netherlands and Switzerland now see this region as one of their most exclusive options.

If there’s one coastal city that foreign tourists flock to, it’s Benidorm. Located in Alicante, in the Valencian Community, it’s world-renowned for its beaches, vibrant food and nightlife scenes and excellent summer weather. Benidorm also holds the title of the Spanish city with the most skyscrapers, the most skyscrapers per capita globally, and the second most per square metre, just behind New York.

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.

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.

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.