The price of high-end housing increases by 37% in five years

DOM3 attends the Premium Real Estate Summit in Madrid, an event that has measured the impact of luxury on the Spanish real estate market.

The high-end housing market is experiencing a highly positive and growing period, with forecasts indicating that the upward trend will continue in the coming years. This was one of the main conclusions of the Premium Real Estate Summit, a forum held in Madrid that assessed the impact of luxury on the national real estate market. DOM3 attended the event as a representative of the business community in the Costa del Sol, one of the country's most important destinations for this sector.

Since 2019, the average price of properties valued at over €3 million has increased by 37% nationwide. Five years ago, the average price of luxury properties was around €3.8 million, and it now exceeds €5.4 million. Compared to 2023, the rise recorded has been 4.5%, according to a report presented by the Tecnicasa Group at this event, which brought together the most relevant professionals and companies in the sector in Spain.

The professionals who attended the Premium Real Estate Summit highlighted that luxury is transforming the Spanish real estate sector, with established destinations such as Madrid, Barcelona, the Balearic Islands, and the Costa del Sol, as well as emerging ones like the Canary Islands and Alicante.

Over the past decade, the continuous growth of global wealth has significantly transformed the sector. Exclusive hotel chains such as Rosewood, Four Seasons, Mandarin Oriental, and Belmond have recently focused their attention on Spain, becoming crucial factors for top-level tourism growth and further boosting the premium real estate market in Spain.

In addition, the arrival of major international brands into the real estate market through branded residences has been a game changer, with Marbella establishing itself as an international reference, thanks to brands like Dolce&Gabbana, Karl Lagerfeld, Fendi Casa, and Automobili Lamborghini.

"The high-end market is experiencing one of its best moments in decades; it has become an industry with a significant economic impact and a major driver of employment. Marbella and the Golden Triangle as a whole are among the main high-end residential destinations in Spain and a benchmark in Europe. At DOM3, we will continue promoting the highest standards of excellence in the sector, and to achieve this, it is essential to stay at the forefront and fully engage in events like this, which serve as the perfect meeting point to assess the sector and share experiences with professionals from across the country," commented Victor Periañez, member of the DOM3 board of directors.

Victor Periañez

Representing DOM3 at the Premium Real Estate Summite.

The forum in Madrid gathered representatives from companies such as Construye Capital, CaixaBank, AEHM, NUBA, Círculo Fortuny, La Finca, Vía Ágora, L35 Architects, Sotogrande, and Sierra Blanca Estates. These professionals discussed topics such as the rise of branded residences, the differences between the country's various luxury destinations, Spain's role in the international market, innovation, and the consolidation of the market.

The event also analysed the trends that will shape the high-end housing sector in the coming years, focusing on sustainability, personalisation, and the creation of exclusive communities, all of which are shaping a new scenario in which the Costa del Sol will play a pivotal role.