Luxury property is an object of desire for investors who look for exclusive houses. Very often it is extremely difficult to find a unique and special property that stands out among the rest. This is due to the scarcity of this kind of housing and also to its increasing demand. In this blog, we have already written an article about luxury real estate and its growing value in Europe, a fact which has led to a price increase in the market. Regarding Spain, it is symptomatic that at the end of 2018, we were the second country in Europe, only exceeded by Scotland, where the price of luxury housing increased the most. It is obvious that luxury property in Spain is growing, and specifically Madrid has, undoubtedly, become the unquestionable reference of luxury in our country, as everybody looks for exclusive property in the capital city. It seems clear that Madrid is the favourite destination in Spain for foreign investors in search of exclusive housing. Madrid has made the necessary leap in quality so as to be able to compete in the luxury real estate sector with other European countries. This fact has enhanced the demand for this type of property. However, it is not a simple matter to find luxury housing in some areas.

PRICES WILL INCREASE UNTIL 2022

The profile of foreign investors who seek luxury property in the centre of Madrid is very typical. As they have in common many things, then the search can often become a real oddyssey. It is easy to imagine the difficulty of finding luxury housing in Madrid, and even more so in the centre which can be an impossible mission. It is estimated that only 10% of housing located in the centre, can be regarded as luxurious, understanding that these properties have superior qualities, a privileged location and excellent transport connections. This fact reveals the difficulty of gaining access to this kind of product in the centre of the city. However, we must point out that, paradoxically, very often this product was brought to the market by foreign investors. This is so because years ago, it was habitual for wealthy foreign investors to buy large properties in the centre of Madrid and then renovate them using the very best qualities so as to later commercialize them as top quality housing. This led to a considerable price increase regarding these homes. In addition, according to experts, this situation will continue in the near future, as the trend is an increasing price increase at least until 2022.

PROPERTY WITH MORE THAN 200 METRES

Generally speaking, the luxury property investor demands very spacious housing with over 200 metres, high ceilings and superb qualities as well as large and bright rooms. New technologies have become a reality in the real estate sector, and it is essential that luxury property is equipped with the latest technological advances. This is what clients want, for they believe that high-standing property must have the most advanced home automation.