Top 11 Must-See Real Estate Projects in Spain for 2024

From high-tech eco-friendly apartments to beachfront Lamborghini-inspired villas that let you lift your vehicle straight into your home, Spain’s real estate offers dazzle like never before. If you’re a potential homebuyer or an investor with an instinct for a good rental opportunity, it’s time to hone in on the best projects the Spanish market has to offer. 

This article highlights the best 11 real estate projects in Spain that you simply need to see before anything else. Enter the intersection of modernity, sustainability, and luxury in the Spanish sun. 

1. Villa Abeto Phase II, Alicante

Check out Villa Abeto Phase II, with two 180 m² luxury villas on 700 m² plots, each with a 40 m² infinity pool and jacuzzi. These two-level homes offer four bedrooms, three bathrooms, and expansive terraces with sea views. 

Amenities include a fully equipped kitchen, laundry room, and modern bathrooms with electric towel heaters. Close to Las Colinas and Lo Romero Golf courses, and just 10 minutes from the beach, these villas also feature a video intercom, motorized garage gate, and pre-installed air conditioning.

If you're a foreigner looking to purchase property in Spain, you can find information through the Spain Golden Visa article. If you prefer not to pay in cash, you can look into the options for obtaining a mortgage as a foreigner in Spain.

2. Ottawa, Alicante

This luxury villa complex in Torre de la Horadada, Alicante features four two-level villas each with a private swimming pool and rooftop solarium. Each villa includes three bedrooms and three bathrooms, an open-plan layout with a fully-fitted kitchen, and a lounge-dining area. 

It’s located just 400m from the Mediterranean and quite close to various services, sports facilities and several golf courses Its amenities include interior and exterior lighting, motorized blinds, built-in wardrobes, modern bathrooms, ducted air conditioning, and pre-installation for barbecue.

3. Tierra Viva, Malaga

Tierra Viva, a collaboration between Lamborghini and DarGlobal, is their first residential project in Southern Spain, offering 53 luxury villas in a gated community in Benahavis, near Marbella. These villas, inspired by Automobili Lamborghini, feature innovative car elevator technology, allowing residents to lift their vehicles directly into their homes! Situated on a hillside, Tierra Viva provides stunning views of the Mediterranean Sea and Andalusian terrain. 

4. Marea Interior By Missoni, Malaga

This sophisticated residential complex was designed to utilize the stunning surrounding landscapes of Costa Del Sol, Spain’s Coast of the Sun. It’s ideally located, offering panoramic views that extend 270 degrees from Marbella to Gibraltar and across to the Moroccan mountains. It offers 2,3 and 4-bedroom residences, a private entrance and 24/7 premium security services.

Its fantastic position places Marea by Missoni just a 20-minute drive from Marbella's vibrant city center and the prestigious Mediterranean marinas of Puerto Banús and Sotogrande, enhancing its appeal with easy access to key locales.

5. Elysium Grand Luxury, Marbella

Elysium Grand Luxury, situated in the exclusive Alcuzcuz area, offers 24 high-end apartments that bring together the privacy of home with the amenities of a luxury hotel. This development is ideal for both personal residency and upscale investment opportunities.

Residents benefit from easy access to top dining, shopping, and entertainment options, with essential transportation links like public transit, major highways, and the airport nearby, ensuring convenient city and regional connectivity.

6. Villa Noon, Cadiz

Located in La Reserva de Sotogrande, Villa Noon is a pioneering zero-consumption property offering complete energy and water self-sufficiency through solar panels, geothermal systems, and innovative water management. This eco-friendly villa combines luxurious amenities such as a spa, indoor and outdoor pools, a modern gym, and a cinema, with sustainable design. 

Residents enjoy exclusive access to golf courses, a private beach club, equestrian facilities, and fine dining. All this makes Villa Noon the epitome of luxury living, balanced with environmental responsibility.

7. Villa Halo, Cadiz

Situated in the distinguished La Reserva de Sotogrande, Villa Halo boasts view of the greens and the Mediterranean Sea.  This architectural gem embodies modernist design with clean lines and broad terraces that blend harmoniously with its surroundings, maximizing natural light and views.

Committed to sustainability, Villa Halo incorporates energy-efficient systems and eco-friendly materials, ensuring minimal environmental impact while providing maximum comfort and luxury. Inside, high-end finishes and furnishings meet cutting-edge technology.

8. Residencial Atomium Paradise, Murcia 

Residencial Atomium Paradise offers seven luxurious single-level villas on 750 m² plots, each with three bedrooms, two fully-equipped bathrooms, a private pool, and ample terrace areas. It includes a fully-fitted kitchen and spacious living areas. 

Features include built-in wardrobes, security doors, pre-installed connections for motorized gates, air conditioning, and solar panels. Located about 90 minutes from Murcia Airport and nearby beaches, the villas are set in a natural landscape, ensuring privacy and high living standards.

9. Residencial Fresno Del Coto, Murcia

Residencial Fresno Del Coto project features eight standalone villas, each with a spacious private pool, on-site parking, and surrounded by multiple terrace areas. These single-level, modern-style homes have three bedrooms, two bathrooms, a guest toilet, and a master bedroom with a walk-in closet. The open-plan living spaces include a fully equipped kitchen and comfortable lounge-dining area.

The development is set among expansive green spaces, close to local amenities and sports facilities, and is about an hour's drive from Murcia Airport and nearby beaches. Each villa is built to high standards and includes LED lighting throughout, motorized blinds, fitted wardrobes, and fully equipped bathrooms. 

Additional features include pre-installed ducted air conditioning and solar panels. There’s also a motorized gate for on-site parking.

10. Residencial Aire Limpio III, Murcia

Residential Aire Limpio includes 10 modern-style townhouses each with three bedrooms, two bathrooms, a private swimming pool, and on-site parking. Spread across three levels, these homes boast an open-plan layout with a fully equipped kitchen, lounge-dining area, and multiple terraces including a spacious solarium. 

Located close to golf courses and amenities, they are 20 minutes from Murcia Airport and 15 minutes from Mar Menor and Mediterranean beaches. Key features include LED lighting, pre-installed air conditioning, and high-quality kitchen and bathroom fittings.

11. Residencial Breathe II, Murcia 

Residential Breathe II lets you choose among several single-story detached villas, each with three bedrooms, two bathrooms, a private pool, and on-site parking. These modern homes feature an open-plan design with a fully equipped kitchen, spacious lounge-dining area, terrace, and a rooftop solarium with a summer kitchen. 

Located near green spaces, amenities, beaches, and golf courses, each villa includes high-standard fittings like interior and exterior lighting, fitted wardrobes, fully equipped bathrooms, ducted air conditioning, and a private pool with an outdoor shower.

What the Real Estate Market Is Like in Spain

In 2024, the rental market in Spain has been characterized by high demand and low supply, particularly in major cities and tourist destinations. During the first quarter of the year, housing prices amounted to €1,998 per square meter, a 0.8% increase compared to the same time in 2023. 

Here’s a table summarizing the key data about the real estate market in Spain for 2024:

Key Insights:

• The residential real estate sector is expected to dominate Spain's market.

• A steady growth in the residential sector reflects the attractiveness of Spain’s property market, driven by favorable property prices and high rental yields.

The new build sector saw a quarterly growth of 3%, while used housing stood at 3.6%. The rental yields in major cities fluctuate between 4-5%, with higher yields in less central areas.

More and more buyers seem to be going green in their search for the perfect home, so there’s been an acceleration in the trend of sustainable housing. This can be read as part of the broader shift towards eco-friendliness in consumer preferences in general.

The Real Estate Market in Madrid 

Despite a general decrease in transactions across Spain, Madrid remains a vibrant market with significant investment and sales activities. The shortage of long-term rental options has pushed up prices across the country. When it comes to rental offers, the supply has dropped by 26%. Short-term rentals account for 11% of all rentals in Madrid. 

The average property price in the city is approximately €3,639 per square meter for September 2024. This is a 20% increase compared to 2023.

Investment Opportunities in Barcelona

Despite facing challenges such as increased interest rates and a more cautious investment climate, Barcelona's real estate market has demonstrated resilience, with central areas still seeing robust demand. 

The scarcity of long-term rentals, partly due to the surge in short-term vacation listings, has led to heightened rental prices citywide. Currently, the supply of rental properties has diminished by approximately 12% compared to last year​. 

In terms of sales, the average property price in Barcelona as of September 2024 stands at approximately €4,800 per square meter. This marks an increase of 18%  from the previous year​

Buying Property in Malaga and Costa de Sol

Malaga and the broader Costa del Sol region have continued to attract a significant number of both domestic and international buyers due to their appealing climate and lifestyle, contributing to sustained market activity. The shortage of rental accommodations has led to a sharp increase in prices, especially in prime tourist areas. 

The average property price in Malaga has reached around €3,100 per square meter by September 2024, up by 15% from the previous year​. The vacation rental market has grown, further reducing long-term housing availability in the region​

Buying Real Estate in Valencia

Valencia has seen a dynamic market with a notable influx of foreign buyers and investors attracted by the city's relatively lower cost of living and high quality of life. However, the supply of rental properties has struggled to meet demand, leading to a 12% increase in rental prices over the past year.

The average price per square meter in Valencia as of September 2024 is approximately €2,250, reflecting a 17% increase since 2023. The city's rental market is tightened further by the popularity of short-term rentals, particularly in the central and coastal districts.

Conclusion: Invest in Spain with the Help of Kredium

Considering the robust growth in property values and rental prices across Spain's major cities in 2024, investing in the Spanish real estate market presents a compelling opportunity for international investors. If you’re looking to expand your portfolio in the Spanish real estate market, Kredium can serve as a valuable partner. 

We provide guidance and strategic insights that are essential for investment decisions, from getting the best possible mortgage offer to finding the perfect real estate project to invest in. Contact us today and learn more about our comprehensive property services. You can calculate the rate for your loan using our mortgage calculator as well.

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