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Marbella tops the luxury property league

The latest report from property portal Idealista confirms what residents already know; Marbella now has some of Spain’s most expensive and desirable properties. Five out of the ten destinations on the list are in or close to the town itself. There is no great surprise that the report reveals that La Zagaleta, the exclusive gated development that enjoys spectacular views over Marbella and the Mediterranean, tops the list as the country's priciest address, with an average home price exceeding €12.3 million.

La Zagaleta’s prime position underlines Marbella’s huge appeal in the ultra-luxury real estate market. The town has long been a magnet for wealthy buyers attracted by its golf courses, security, and privacy, boasting prices that compete with the most exclusive neighbourhoods globally.

In second place is Avenida Supermaresme in Sant Andreu de Llavaneres, located in Barcelona's metropolitan area, where the average home costs around €9 million. The Balearic Islands also feature prominently, with two locations in Andratx and one in Palma making the top ten, each averaging between €7 million and €8.9 million.

Marbella’s international appeal is apparent with it claiming four more spots on the list. Streets in Sierra Blanca such as Vivaldi, Albinoni, Wagner, and the gated community of Cascada de Camoján all have average prices ranging from €6.8 million to €7.6 million. While the average price in Spain stands at €2,391/m², Marbella exceeds this by more than double. The national year-on-year increase, however, was 12.8%, compared to 9.8% in Marbella – signalling a slight slowdown in local price growth relative to the national trend.

The average price per square metre in Marbella reached €5,162 in May 2025, marking a new all-time high. This represents a monthly increase of 0.5%, a quarterly rise of 1.8%, and a significant year-on-year jump of 9.8% compared to May 2024, according to the latest figures from idealista. The most expensive areas are Nagüeles – Golden Mile: €6,422/m² (+4.6% year-on-year),  Nueva Andalucía: €5,578/m² (+6.1% year-on-year) and Las Chapas – El Rosario: €5,410/m² (+14.1% year-on-year).

Sierra Blanca is also home to Spain’s most expensive property. (You may need to sit down, pour yourself a stiff one or both before reading on)

Villa Bellagio in Marbella is now on the market for an astonishing €70 million, making it one of the most expensive homes ever listed in Spain. The Las Vegas inspired property sits on the largest private plot in the development, combining total privacy with jaw-dropping Mediterranean views. With 5,507 sqm of living space across several levels, 13 ensuite bedrooms, a five-star spa and wellness area with an indoor mosaic pool, hammam, sauna, gym, massage room, and salon, not to mention a private cinema for 22 guests, a professional bowling alley, and a billiards lounge, this takes luxury to a new level.

And then there is garage space for 42 cars, including a special exhibition area for luxury vehicle collections. With space for 42 cars, you either have the biggest petrolheads’ paradise imaginable, or are just rubbish at parking and need the space.

Beyond Marbella, Barcelona, and the Balearic Islands, only a few other areas enter the millionaire's league. In the Canary Islands, Avenida de la Macaronesia in Adeje has an average price of €6.4 million, while La Moraleja on Madrid's outskirts averages €5.4 million. In contrast, Spain’s more affordable regions tell a different story; in Pamplona, the most expensive street averages just over €300,000.

With more exclusive properties under construction for the super wealthy, not to mention the increasing popularity of the Branded Residences concept, Marbella is set to solidify its position as Spain’s luxury league leader!