The growth of luxury real estate sales in Spain, according to The Simple Rent.

housesof more than €2 million, up 55% inSpainin 2022 compared to the previous year, reaching more than 8,000 homes sold, while 5,500 homes were sold in the first six months of 2023, according to the network's datareal estateThe Simple Rent.Agencyon real estate also stated that the value of these properties has increased by 13% over the past year, a trend that will continue to rise in the coming months due to high demand.

Two buyer profiles stand out:

International buyers, which include British, German and French leaders and investors. The average international buyer profile is an executive over 40 with a family. They have high purchasing power and want luxurioushouseswith exclusive and exquisite features.

The real estate network also noted that one of the direct consequences of the war in Ukraine has been a decrease in investment from Russia.

Chinese investment has also declined.

Investors are also foreigners who see luxury as a safe asset and want to invest in luxury homes to preserve and increase their capital in the long term.

According to The Simple Rent, luxury properties are positioned as “value havens” due to their stability and growth potential,

as this type of property continues to increase in value above the average of the real estate market in Spain.

Sonia Campusano, CEO of The Simple Rent, said privacy is a “priority” for luxury homebuyers,

theylooking forhomes with large plots of land, away from the hustle and bustle and with modern security systems such as CCTV and controlled access, with a pronounced preference for ahousesin gated communities or with neighboring plots guaranteeing peace and privacy.

Málagais once again leading the way in luxury deals this year.real estatevalued at over €1 million.

It is followed by the Balearic Islands,MadridandBarcelonawhich account for 69% of the luxury home market in Spain in the last year. The real estate network also emphasized that foreign investors see theSpainas one of the best places to invest in the luxury real estate sector as the country is known for its luxury properties, especially in destinations such as Barcelona,MarbellaIbiza and Mallorca.

“Foreign investors see luxury homes in Spain as a safe value and stable investment.

They believe the Spanish real estate market offers opportunities for long-term growth and value appreciation, as well as stability, compared to more volatile assets,” Campusano said.