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The Costa del Sol’s luxury property market has seen an extraordinary surge, with investments of €3.2 billion in 2024.
· 3 min. read
The Costa del Sol's luxury property market has experienced an extraordinary surge, with investment soaring to €3.2 billion in 2024, marking a remarkable 20% increase compared to the previous year. This exceptional growth has been primarily driven by the region's prestigious "Golden Triangle" of Marbella, Estepona, and Benahavís, which continue to cement their status as premier destinations for high-end property investment.
Marbella stands as the leader of Spain's luxury real estate market, accounting for half of the region's total luxury investments with an impressive €1.6 billion in sales. This magnetic municipality continues to attract discerning buyers seeking exclusivity and sophistication in one of Europe's most coveted locations. Whether drawn by its world-class golf courses, Michelin-starred dining, or pristine beaches, investors recognize the immense value of properties for sale in Marbella as prime assets in one of Europe’s most prestigious real estate markets.
Following closely behind Marbella, Estepona has solidified its position as a premier real estate hotspot, contributing an impressive €800 million to the region’s luxury property investments. This vibrant coastal town continues to attract buyers seeking a balance between modern elegance and traditional Andalusian charm, making properties for sale in Estepona highly desirable.
Meanwhile, the picturesque Benahavís completes the renowned Golden Triangle with €500 million in high-end property transactions. Known for its stunning landscapes, world-class golf courses, and exclusive gated communities, properties for sale in Benahavís offer an exceptional opportunity for those looking to invest in one of Spain’s most prestigious enclaves.
The Costa del Sol's appeal to international investors remains unwavering, with foreign buyers accounting for 90% of all luxury property purchases in 2024. This international diversity underscores the region's global reputation as a premier luxury destination.
The buyer profile reveals interesting trends about who's investing in the Costa del Sol’s high-end properties:
Notably, there has been significant growth in investment from American and Middle Eastern buyers.
The luxury boom extends beyond residential properties. The hotel sector in Málaga province attracted €560 million in investment in 2023, positioning the Costa del Sol as the third most preferred destination for hotel investment in mainland Spain, behind only Madrid and Barcelona.
Foreign investors were particularly active in this segment, accounting for 60% of hotel transactions. Since 2018, the Costa del Sol has attracted approximately €1.88 billion in hotel investment, with 82 hotel transactions involving some 12,000 rooms, further evidence of investors' confidence in the region's long-term growth potential.
Looking ahead to the rest of 2025, Marbella is expected to maintain its position as a worldwide standard of excellence in luxury real estate as the market continues to evolve in cutting-edge innovations, sustainable features, and exceptional exclusivity.
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To see the best properties on the market within the Golden Triangle, check out our comprehensive list of homes for sale in Marbella, Estepona and Benahavís, or better yet, contact our sales team so we can help guide you to your dream home. We’d love to hear from you!
Euroweekly News:
Luxury property market in Costa del Sol sees massive 20% investment increase to over 3.2 billion euros
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