Property boom

Spain’s luxury property havens including Benahavis, Marbella, Madrid and Calvia, secured the country’s high placement on the list, surpassed only by France.

The capital, Madrid, also held its own on the list, being named one of the top 20 cities in the world and the fifth ‘most exclusive’ in Europe. With 106 metres squared of property costing one million dollars, Madrid is the ideal destination for those seeking luxurious homes that exude elegance, comfort, and sophistication.

The report predicts that Madrid’s luxury property market is set to grow even further, with a projected growth rate of 4 per cent during 2023. Growth in the Madrid property market has been the most pronounced since 2018.