Since last year, Spain has witnessed an increase in sales of large luxury homes. Due to the financial crisis that hit Spain for years, the sales of luxury buildings in Spanish territory were low, so the world of architecture was having trouble with this type of construction. The economic crisis stabilized a bit more, so the sales of luxury homes have been increasing in recent years and the real estate market has gradually been consolidated in Spain.
Due to this financial instability, the different markets in the country have been declining as well as their sales. The real estate companies have been affected in a very negative way, so projects were produced in smaller proportion and sales decreased drastically. Cities such as Madrid, Seville, Barcelona and Valencia always stood out as cities where there was a lot of movement in sales of luxury homes and buildings, as well as several tourist destinations in the country, such as the Costa del Sol, the Canary Islands and the Balearic Islands. Due to this, the real estate market has decided to carry out its projects and sales, which has pushed this rise to be what it is these days, which leaves behind the economic crisis in the real estate sector, generating greater stability.
Increase in luxurious constructions
Since last year, the rise of luxury buildings in Spain has increased by approximately 46.5%, and this year compared to the previous one, it increased by 60%. These projects have not only been financed by national capital, but also from other parts of Europe. It is estimated that large luxury homes are being sold more and more over the years, so this new rise will continue in the upcoming years.
It is estimated that the properties that currently belong to this luxurious sector are properties that are sold from 750 thousand euros. As mentioned before, these properties are located in special places, which have great tourist attention, or are emblematic cities. These luxurious buildings stand out for being spacious, in large sectors, which enjoy very good quality services, picturesque landscapes, effective communications and many other special features.
The real estate market in Spain has chosen to offer an arsenal of new large luxury houses with a more modern look. They have also taken into consideration that these properties are in places that are very safe, protected and with good privacy, in addition to offering excellent facades. These buildings also have optimal facilities, such as parking and special green areas, which give a more heritage to these luxurious buildings.
It is expected that this new trend of acquiring new luxury homes will increase, which will greatly benefit the country’s real estate market in the long term.