Málaga (EFE).- Málaga concentrates, with 2,500 luxury homes of more than 3 million euros, 34 percent of the 7,000 properties of these characteristics that exist in Spain, followed by the Balearic Islands (33%), Madrid (10% ) and Barcelona (6%), according to a report by the consulting firm Catella.
The Spanish luxury market continues to grow, especially in the areas where the largest number of large homes are concentrated, a classification led by Malaga, according to the conclusion of this report, which Catella has prepared on behalf of the Hiscox company, which offers solutions designed for high net worth individuals.
The x-ray of large luxury properties suggests that this segment accounts for 5% of the total residential market in Spain, as reported by Hiscox in a statement.
In recent years, “largely thanks to its location and strategic connectivity”, the province of Malaga has established itself as a luxury destination for European citizens, and in fact, almost 90% of the purchase of these homes is made by foreign investors, says the report.
The analysis highlights the municipalities of Marbella and Benahavís as some of the areas most in demand by these buyers and they represent 6% of the total housing supply in Spain. Within these two municipalities, the best locations include the Marbella Golden Mile, which is the most sought after area, and the La Zagaleta urbanization.
However, other high-value areas stand out, as is the case, in Marbella, of Lomas de Marbella, Puente Romano, Lomas de Rio Verde, Puerto Banús, Las Brisas and Los Monteros, and, in Benahavís, El Madroñal.
According to the data from the report, the list of most attractive destinations for investment in luxury homes worldwide is headed by the United States, followed by the United Kingdom, Australia and, in fourth place, Spain, which thus ranks first in continental Europe. and leader in competitiveness in this segment.
If the main foreign buyers in this market are attended to, it can be deduced that Spain is chosen as a safe investment and as an ideal destination to establish a second residence for foreigners, who prefer the coast.
These come from the United Kingdom, followed by Germany, France, Latin America, Russia and China, and for a few years there has also been a trend in which North American and Middle Eastern buyers are increasingly investing in the Spanish market.
