Luxury housing in Spain is as an investment opportunity

Luxury housing in Spain is as an investment opportunity

The luxury housing market will continue to grow in Europe and in Spain, which is an attractive destination for international real estate investment. There is an interest of investors and liquidity, and cities such as Madrid and Barcelona offer more favorable prices than other major European cities.

"The crisis that we experienced was a supply and demand shock that paralyzed the market, but this is not a systemic crisis. There is the light at the end of the tunnel: the luxury market will continue to grow in 2021, and there are very promising five years ahead, " agreed Eduardo Crisenti, managing partner of BARNES Madrid and Iñaki Unsayn, president of AEPSI, the Spanish Association of personal Property buyers.

70% of buyers of luxury housing in Spain are foreigners, 65% of them are from the European Union: Germans, French, Dutch, British, the rest are mainly Latin Americans from Mexico, Venezuela and Colombia, and only 30% of buyers are citizens of the country.

If we talk about the most popular places in Spain, there are two types:

  • urban, including Barcelona and Madrid.
  • residence or vacation. The list is very extensive: the Balearic Islands, the Costa Brava, the Costa del Sol, the Costa Blanca, the Canary Islands.

"From now on, the sector should be creative. We have a big task. This is a search in other areas, other places outside of the usually popular ones, like Recoletos, Castellana or Pedralbes. The areas that investors have noticed, because these areas have a higher price range, and looking at Madrid, I think of Madrid Rio or Chamberí, " explained Eduardo Crisenti.

Madrid and Barcelona are gaining momentum in the field of global real estate investment. Both cities continue to position themselves in the international real estate arena for the purchase of luxury residences and occupy the sixth and seventh places, respectively, in the "top 10" most interesting cities for real estate investment in 2021, after Paris, London, Genoa, New York and Quebec.

Subscribe to newsletter