Marbella, the crown jewel of Spain’s Costa del Sol, has repeated (and even surpassed) the stellar performance it logged the previous year. DOM3, the association of high-quality-housing developers, confirms that 4,745 homes changed hands in Marbella during 2024, the second-highest annual total ever and +5 % on 2023. Across the wider “Golden Triangle” (Marbella, Estepona, Benahavís) transactions reached 8,708, posting a healthy +5.6 % year-on-year.
A Surge in Real-Estate Activity
Record-Breaking Sales Figures
- Transaction Growth – Marbella’s individual sales volume rose 13.9 % in 2024, handily out-pacing most neighbouring resorts.
- Prime Price Momentum – Average listing prices climbed a further 9.8 % to €4,961 /m², a new all-time high and more than double the level of a decade ago.
Comparative Lens
Spain’s property market as a whole cooled slightly in 2024, yet Marbella decisively out-performed national averages thanks to the unrelenting pull of its luxury segment. INE data show that Málaga province remains the country’s most dynamic market for foreign buyers, with Marbella accounting for the lion’s share.
The Resilience of the Luxury Market
- Interest-Rate Immunity – Cash still rules: fewer than 10 % of prime purchases in 2024 required a mortgage.
- Top-End Demand – Agencies report +20 % turnover at €5 million-plus, fuelled by Northern-European, US and Middle-Eastern capital.
Global Standing
Marbella now sits 17th worldwide in Knight Frank’s latest prime-price league, nestled between Dubai and Miami – a slight reshuffle but still ahead of Madrid. Monaco retains the crown at > €50,000 /m².
Price Trends in Luxury Real Estate
- Current Ranges – Newly built or comprehensively refurbished apartments start around €6,000 /m² and peak above €30,000 /m² in Puente Romano and Sierra Blanca, where several 2024 deals set new records.
- Historical Growth – Average values have increased almost 100 % in ten years, under-scoring long-term stability and investor confidence.
Buyer Demographics
- Foreign Dominance – Overseas purchasers accounted for ≈90 % of all luxury transactions in 2024.
- Nationalities – Britons remain the largest group (≈16 %), followed by Swedish and Dutch buyers; strong growth from US and Middle-East investors was also noted.
Contributing Factors to Market Growth
| Driver | 2024 Snapshot |
| Economic backdrop | Spain avoided recession; Málaga’s GDP expanded > 2 %. |
| Connectivity | Daily United Airlines service Málaga–New York plus additional long-haul links. |
| Lifestyle | 320+ days of sun, Michelin dining, 70+ golf courses & elite marinas. |
| Supply pipeline | 374 new developments across the Costa del Sol keep fresh stock flowing, yet demand still outstrips supply in prime zones. |
Investment Flows
Luxury turnover across the Golden Triangle totalled €3.2 billion in 2024 – €1.6 billion in Marbella alone – a striking +20 % jump versus 2023.
Expert Insights
- Analysts expect another 4–8 % prime-price rise in 2025, provided supply bottlenecks and infrastructure catch-up remain manageable.
- Key challenges include planning delays, the need for mid-market housing for sector workers, and ongoing infrastructure upgrades (water, energy, mobility).
Every Home Marbella – Your Luxury-Market Partner
For two decades we have guided discerning clients through Marbella’s evolving market cycles. Whether you seek a beachfront penthouse, a golf-course villa, or an off-market estate, our team offers:
- Curated Listings – including access to properties not publicly marketed.
- Data-Driven Advice – up-to-the-minute analytics on pricing and neighbourhood trends.
- End-to-End Support – legal, fiscal, architectural and interior-design partners ready to assist.
Conclusion
The 2024 numbers confirm what seasoned observers already sensed on the ground: Marbella’s luxury property market keeps setting the pace in Europe. Robust foreign demand, daily transatlantic flights, and a lifestyle second to none underpin an outlook that remains decidedly bullish.
Ready to explore the opportunities? Contact Every Home Marbella and let us open the door to your next investment or Mediterranean home.
Click here if you’d like to view a selection of prime luxury properties in the Marbella areas that are predicted to experiment the highest pricing growth over the next year:
View Marbella Luxury Property Selection
Contact Us
- Phone: (+34) 647 968 943
- Email: info@everyhomemarbella.com
- Web: www.everyhomemarbella.com