Luxury real estate operations have seen a notable boost in Spain during 2025, according to data from Dils Lucas Fox. The pan-European platform specializing in the prime and super prime residential segment has recorded nearly 13% growth in transaction volume nationwide. This performance is attributed to the strong dynamism of the prime market, Madrid's appeal as an investment destination for high-net-worth individuals, and the robustness of both national and international demand.
Transactions exceeding one million euros increased by almost 36.9%, while operations over 2.5 million euros grew by 30.3%. These figures reinforce Dils Lucas Fox's position in the most exclusive segment of the market.
Madrid has solidified its position as one of the best-performing markets. In 2025, Dils Lucas Fox's turnover in the capital soared by 229.8%, and transaction volume grew by 181.1% compared to the previous year. This surge is driven by increasingly active demand in the prime segment and the growing interest from buyers seeking a primary residence in established and exclusive locations.
The buyer profile reveals an international predominance, accounting for 58.25% of clients, compared to 41.75% of national buyers. Among international clients, the French led with 8.31%, followed by Americans (7.99%), Dutch (6.50%), and both British and Germans (5.01%), confirming Spain's attractiveness to high-net-worth international buyers.
The preference for primary residences is clear, constituting 56% of transactions, versus 29.3% for second homes. This data underscores a demand for luxury housing driven by personal and family projects, as seen on the Costa del Sol (96% primary residences) and in Barcelona (79%).
“"Spain continues to consolidate itself as one of the most attractive real estate markets in Europe for private capital and wealth-driven buyers, thanks to the depth and quality of demand, the limited supply of prime product in key locations, and its capacity for long-term value preservation. The objective is to continue responding to this demand with increasingly specialized advisory services, based on deep local knowledge and an international vision."
Madrid's momentum continues into the early months of 2026. During the first quarter, Dils Lucas Fox Madrid achieved a total sales value of 38.35 million euros, with an average price per transaction of 2.02 million euros. This figure is more than five times the estimated average price for the entire residential market in the Community of Madrid (around 393,000 euros in 2025).
International demand accounted for 42% of Dils Lucas Fox's operations in the capital during the first quarter of 2026, compared to 14-18% in the overall Spanish market, confirming the company's differential positioning in the premium segment.
The year 2025 was also marked by the strategic integration of Lucas Fox into Dils, strengthening the group's pan-European real estate platform and providing it with a more robust structure to drive growth in key premium residential markets.
