Property
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BLINGED UP! The Spanish style that took Spain and the Americas by storm - and then died out
MARCH JULY 2025
ROCK SOLID VIEWS! A
SPECTACULAR new geological viewpoint has been unveiled high in the Cantabrian Mountains, offering jaw-dropping panoramas of one of Spain’s most dramatic valleys. Perched near La Farrapona in the rugged Saliencia Valley, the sleek steel-and-wood platform was designed by Puerto & Sanchez Arquitectos after winning a public design competition run by Somiedo Town Hall under its Sustainable Tourism Plan. Set at the highest point of the
New ‘floating’ lookout opens in wildest corner of Asturias valley, the lookout appears to float above the landscape, giving visitors an up-close encounter
with the region’s ancient rock formations – some of the oldest in the Iberian Peninsula. The minimalist structure blends into its wild surrounds, with no flashy features – just pure mountain majesty and 360 degrees of raw geology.
LUXURY MARKET ON FIRE SPAIN’S high-end property market is showing no signs of cooling, with luxury home prices jumping an average of 15% over the past year. According to the study looking at homes costing over €860,000 – the most dramatic price hikes have been in some unexpected places. Oviedo, in Asturias, leads the charge, with prices rocketing by an astonishing 43% in just 12 months. It comes as the historic city’s football team just got promoted back to La Liga for the first time in a quarter of a cen-
By Walter Finch
tury. Guadalajara, near Madrid, follows with a 35% jump, while Madrid itself has seen prices climb 28% - pushing the capital’s luxury threshold (the top 10% of properties by price) to €1.85 million. San Sebastian meanwhile is up 26%, Lugo and Las Palmas are both up by 22% confirming healthy demand in both the north of Spain and the Canaries.
Spain’s luxury property market goes loco as prices soar across the country Palma de Mallorca remains Spain’s most exclusive market, where luxury homes now start at €2.1 million – the only city to cross the €2 million threshold. Barcelona showed more modest growth at 8%, with luxury defined from €1.29 million, while Malaga has officially entered the million-euro club, with prices starting at €1.045 million.
For buyers with tighter budgets, Zamora offers the cheapest entry point to luxury – just €240,000 – followed by Palencia (€290,000) and Huelva (€293,250). At provincial level, the Baleares top the list with luxury homes starting at €2.95 million, followed by Malaga province (€2.2m) and Madrid (€1.56m). Ciudad Real ranks lowest, where €225,000 gets you a top-tier home in
the top 10%. The surge is being fuelled by strong international interest – particularly from northern Europe – combined with domestic demand, low interest rates and ongoing economic recovery. Only Soria saw prices fall, dropping 9%, while Ceuta remained flat. Toledo, Santa Cruz de Tenerife and Pamplona each posted modest 4% gains. The study by portal Idealista looked at data from all of Spain’s provincial capitals and regions between May 2024 and May 2025.