Although the final 2022 luxury property sales data is not yet available, with last month's data still to be published, it shows that the luxury market has continued to rise in terms of units sold not only in Marbella but even more so in Benahavis. Considering luxury market those properties that are sold above one million euros, the sales numbers have been even higher than in 2021, already a record year continued its growth in the past 2022.
Taking into account first on the number of homes sold in Marbella, graph 1 shows that, for all the price ranges in which the data have been distributed, in 2022, and with some data still missing, have been more than a 50% increase in sales when compared to the whole year 2021, which was already a year in which were sold, practically, twice as many luxury properties than the average of the previous eight years. In the same way it can be seen that the percentage of high-end operations continues to rise having gone from 6.5% to practically 11% in just five years which, taking into account that, in 2022, 5.600 transactions in the municipality of Marbella means that about 250 more transactions were closed in this market than last year. If the number of home sales has increased in 2022 by 38% over the average sales from 2016 to 2019 and 21% over 2021, the number of sales in the high-end range, the increase has been 138% over the average sales from 2016 to 2019 and 27% (still lacking the sales of the last month of 2022) over 2021. The boom in the luxury real estate market is more than evident in Marbella.
In Benahavis, as can be seen in graph 2, the situation is similar but not exactly the same and variations change depending on the price range.
In the two lower ranges, from one million to four million euros, more operations are going to be closed than in 2021 although the percentage increase in the number of sales is not as large as in Marbella reaching a 13% increase, in the absence of some data, of the sales that were closed last year. What does change in Benahavis is the percentage of high level sales in the market, which goes from approximately 16% to 14%, showing that in the record year of sales in Benahavis the number of sales below one million euros increased more than those above that value, except for sales above four million euros. In the latter, and higherst price range, twice as many properties have been sold than in the whole year 2021, so that in 2022 we will see a new sales record in this super luxury sector. Making the same comparison as in Marbella, the number of sales of luxury homes has risen by 270% in 2022 compared to the average sales of the years 2016 to 2019 and 19% compared to 2021.
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In short, the luxury housing market has soared in these last two years and I think it is going to be even more reinforced in the coming years if we take into account what is attracting clients in this segment to Marbella and Benahavis: the weather we enjoy, the quality of the product that is being offered and the infrastructure that has been put in place to facilitate working from here in companies located abroad, in general, a better quality of life not only for retirement but also for a lifestyle in accordance with the times in which we live.