The Luxury Spanish Property Market Overview July 2010

The Luxury Spanish Property Market Overview July 2010

So how is the market for luxury property in Spain or as the Spanish say propiedades de Lujo at the present time with the current Spanish property recession? Well the reality is that whilst you can buy luxury property almost anywhere in Spain the major concentration for the international property buyer is about 6 Major areas which are: SOTOGRANDE One of Andaluca's little treasures not known to everyone but has everything you could possibly want from a luxury property area. You can have a Luxurious Villa close to the world famous Valderrama Golf course and Moor your boat in the Sotogrande Marina. Home of Polo in Andaluca and Spain this appeals very much for those who want true tranquillity in their residence. Luxury property in this area is between 500,000 to 10 Million MARBELLA Probably the best know Luxury property destination in Spain which has everything anyone could ever want. Puerto Banus for the rich and famous lifestyle, the Marbella Golden Mile for some of Spain's best restaurants and nightclubs and Nikki beach in Elvira. Probably the number one Luxury property destination in Spain for the international property buyer. Luxury property in this area is between 500,000 to 25 Million JAVEA & MORAIRA The luxurious part of Costa Blanca which as a whole is the cheaper option for International property buyers but the so called golden triangle of Benissa, Moraira and Javea is the exception to this case with some stunning Villas literally overlooking the sea and here it is still possible to buy beach front or cliff front property for around 1 Million Euros MADIRD Like any capital city in the world good quality property in the city or the best suburbs is extremely high quality and very expensive. However the reality is that not many international people actually buy property in Madrid as it's where they tend to work but prefer to rent, a good example of this is clients of ours who are currently rent Roberto Carlos's house in Madrid. BARCELONA The capital of Catalua read very much the same as Madrid but there are more people who would want to buy in Barcelona because of its location and being on the Mediterranean coast. Here you can buy some stunning Villas with wonderful sea views but very close to the city itself. MALLORCA & IBIZA Well after Marbella I would say the kings Island Mallorca is the second favoured luxury property destination for international property buyers with seriously nice Villas from 2 Million to 20 Million. Ibiza is similar but on a much smaller scale and in the Luxury market at least for those that want something a bit quieter than Mallorca. Between 500,000 to 25 Million There are obvious little pockets in other parts of Spain such as Costa Brava but the main areas for luxury property in Spain are those shown above. Well we hope you found that a useful insight into the Luxury property market in Spain which was just basically an overview but I would be quite happy to write in detail about any particular area if it so interests you and please feel free to email me with any questions you might have.

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