Marbella: A sanctuary for the luxury real estate market

16th June 2024

The epicentre of luxury real estate

Marbella: A sanctuary for the luxury real estate market

In the midst of a global economic landscape filled with uncertainties, Marbella stands out as a beacon of prosperity in the luxury real estate market. Despite a slight decline in the premium sector worldwide, the boom in luxury housing in the city and the Golden Triangle persists. 

In this exclusive enclave, Marbella consolidates its leading position with a thriving market in the high-end segment.

The allure of Marbella

The allure of this coastal gem on the Costa del Sol as a premier destination for luxury real estate is undeniable. Figures support its position as one of the most exclusive places in the world, with five of Spain's ten most expensive streets to buy a home located in Marbella and its surroundings. 

These streets have prices up to 38 times higher than the most exclusive thoroughfares in other major cities.

A rising market

Marbella continues to set new records in sales of luxury real estate, with Engel & Völkers Marbella branch experiencing a notable 4.77% increase in sales over the past year. 

This growth trend has seen an impressive 12.77% increase since 2021, signaling the city's solid performance in the high-end property sector.

Emerging trends

In 2023 and the beginning of this year, Marbella has witnessed an increase in sales of properties sold before their completion, indicative of investors' growing confidence in the city's real estate market. 

Remarkably, the American market has emerged as a new force.

Conclusions

In conclusion, the enduring popularity of Marbella and its robust real estate market underscore its status as a global luxury destination. 


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