In the latest assessment of the Spanish property market for the last quarter of 2023, Andalucia is highlighted, particularly Benahavís, Marbella and Estepona.
These beautiful towns have significantly higher prices compared to the rest of the country and Benahavis tops the list with an impressive average price of €2.21 million. Followed by Marbella with €1.49 million and Estepona with €608,600, with the region standing out for its luxury market, especially on the Costa del Sol.
At a national level, the property market shows a trend of high demand in locations on the outskirts of large cities, with Las Rozas de Madrid leading the way with an average price of €590,200. You then have Valencia, with an average price of €248,250, and the Canary Island capitals of Santa Cruz de Tenerife and Las Palmas de Gran Canaria, with prices of €248,850 and €255,400 respectively, reflect the diversity of the market and demand in different regions of Spain. These figures contrast with the high prices in the Andalucian real estate market.
The comparison reveals a varied Spanish market, where demand is distributed in both peripheral urban areas and luxury coastal areas.
Andalucia, with its prominent luxury centres of population, is positioned in a higher segment of the market, attracting buyers and investors interested in exclusive, high-value properties, while other regions show a different dynamic, with a greater concentration of demand in accessible suburban areas and provincial capitals.
Spain climbed the ranking of the most attractive European countries for investors in 2023, coming in fourth, three places higher than the previous year when it was in seventh position.