segment premium in real estate is, today, very attractive for many investors. These properties are usually one of the safest investment assets, because they have a positive historical evolution and because of their resilience even in times of crisis. In parallel, there is an increasing population with high purchasing power. Spain, for the first time, has exceeded one million millionaires and the forecast is that the list of those who hold this new status will continue to grow, according to data from the annual study The Global Wealth Report of Credit Suisse, corresponding to 2021.
Each Spanish province has at least one home of more than one million euros for sale, although Malaga, the Balearic Islands, Madrid and Barcelona concentrate around 73% of all available luxury properties. According to experts, the real estate sector premium It has grown strongly after the pandemic and has highlighted the investment interest of local and foreign clients.
Also included in this list are young millennialswith a high level of studies and career paths linked to the technological field; a new profile that has emerged strongly in 2021 to position itself as a benchmark investor in the high-end real estate segment. This is reflected in the report The new luxury in the real estate sector, prepared by Viva Sotheby’s International Realty, which also points out that purchase and sale transactions despite the pandemic have increased by 13.3% in relation to what happened regarding ago just a couple of years. The Community of Madrid, with 29.5% more, and the Balearic Islands, with almost 15% more than two years ago, are the most attractive enclaves in terms of real estate luxury.
According to this same report, new parameters have also emerged that determine a change in trend in housing premium. The commitment stands out, among others, for the green homesin sustainable and responsible environments, or the health quest and wellnesswith homes that allow working from anywhere and with special devices that make it possible, for example, to improve indoor environmental quality.
Most demanded homes
As we can see, luxury residential is experiencing a unique moment and also has growth forecasts for 2022, as pointed out by Barnes Barcelona. The luxury real estate agency estimates that this year the level of transactions will increase in large cities, approaching figures similar to those of 2019.
The agency also ensures that the homes most in demand by investors are located in residential areas and have a size of around 150 m2. Penthouses in the most expensive neighborhoods of large cities or large homes in luxury developments on the outskirts stand out as the most sought-after properties in the luxury segment.
According to the real estate company, the profile of investors is increasingly broad and, although our country has always been a favorite destination for Germans and British, since the outbreak of the health crisis it is increasingly more common to close operations with investors of Asian, Latin American or Russian origin.
participatory financing
The acquisition of a premium property is still within the reach of very few, but investment in ambitious, exclusive and differentiating projects is possible and accessible to anyone thanks to participatory financing through platforms such as Urbanitae.
Just one year ago, 271 investors were able to participate in the financing of the development of a luxury villa in a location prime: the surroundings of Casares (Málaga), within the Finca Cortesín complex. This privileged urbanization, in the middle of nature very close to Marbella, has been developed by the Madrid group Single Home. The financing project was carried out together with Caledonian -one of the major developers in the prime segment-, with an estimated total net return of 31% in 26-28 months.
These returns are, without a doubt, a very good reason to allow oneself to be seduced by the luxury segment, one of the markets with the greatest demand and greatest growth in Spain and, moreover, in a sustained manner over the years.
