Spain: the preferred real estate destination for Chilean investors

Chilean investors set their sights on the Costa del Sol for property purchases.

The Costa del Sol has become the go-to destination for Chilean investors, who are stepping up to invest in the Spanish real estate market, particularly in the luxury housing segment. This trend aligns with the continued growth of the Spanish property sector in 2024, driven by rising demand and a limited supply unable to keep pace.

The numbers speak for themselves: international buyers now account for 15.98% of the Costa del Sol’s real estate market. Nationalities such as the British, Swedish, Norwegian, Finnish, German, Belgian, Dutch, and Polish are leading the way in purchasing homes along this Mediterranean coastline.

Patricio Rojas, managing director and founding partner of KPC España, a Chilean-born real estate developer based on the Iberian Peninsula for over a decade, highlights the increasing demand in areas such as Málaga province and the Costa del Sol.

Marbella stands out as one of the regions experiencing the most exponential growth in recent years. Its strong appeal continues to draw influential buyers and investors, driving up expectations for higher quality and more innovative properties—aimed at a clientele seeking dream homes in prime locations.

“Housing demand surpassed 550,000 units in 2023, fueling a steady rise in property prices and offering attractive returns. These figures are increasingly appealing to Chilean investors,” says Rojas.

At KPC, our partners are fully aligned with this vision, backing high-end developments such as Golden Eight, a boutique luxury villa project in the heart of Cabopino, Marbella.

As César Millán, a lawyer and expert advisor on foreign real estate investments, explains: “Now is a great time to consider investing in Costa del Sol cities, beyond Madrid or Barcelona, especially given Spain’s pleasant climate and its transformation into an attractive hub for large companies now embracing remote work.”