According to the Knight Frank European Lifestyle Report 2024, Spain stands out as one of the most attractive luxury property markets in Europe. The report pays particular attention to Marbella, which ranks high on the list of most desirable locations.
Luxury and prestige on the Costa del Sol
Marbella, located on the picturesque Costa del Sol, has been attracting investors from all over the world for years. Known for its exclusive villas, prestigious estates and excellent amenities such as golf courses and marinas, Referred to as the pearl of the Costa del Sol, Marbella has also been recognised by tourists in the ‘European Best Destinations’ poll.
A Knight Frank report has singled out Barcelona and Marbella as some of the best locations for luxury real estate in the world. According to its authors, property prices in Marbella range from €8,900 to €9,800 per square metre, making the city more affordable than Monaco or the South of France, while maintaining high quality offerings. According to the report, Marbella has become popular with buyers for whom resort appeal and a quiet lifestyle are priorities.
Where does the attraction of Marbella come from?
With the sun shining almost all year round, it attracts those looking for a place to relax and be active. Marbella offers luxury golf courses, marinas or exclusive restaurants. The region is famous for its numerous cultural events, festivals and excellent Mediterranean cuisine. Spain offers considerable value compared to other European luxury property markets. Indeed, Marbella and Barcelona lead the way in terms of competitive pricing, which attracts buyers looking for high-end properties at reasonable prices.
Knight Frank highlights that sustainable development and innovative design are key trends that will shape the future of Marbella’s property market. Developers are increasingly adopting environmentally friendly technologies and designing properties with energy efficiency in mind, responding to the needs of environmentally conscious buyers.
Spain’s investment potential
The Spanish property market continues to grow and Marbella has been identified as one of the top three destinations in Europe for holiday home buyers. At the same time, the country’s economic recovery, low interest rates in the eurozone and growing interest from foreign investors are making luxury property on the Iberian Peninsula a desirable asset.
For many buyers, especially those looking for a second home, the fast and transparent transaction process in Spain is crucial, allowing them to enjoy their newly acquired property immediately. Marbella remains one of the most prestigious destinations on the map of the European luxury property market, offering a unique combination of luxury, lifestyle and prime location.
