Richest Cities in Spain

The richest city in Spain is Madrid, with the richest areas of Salamanca, Chamartin, and Los Jerimos located in the central parts of the city. Enjoy strolling through mansions with beautiful foyers, tall ceilings, and enchanting architectural designs. Home such as these can be purchased in neighborhoods that are within walking distance of some of the most enticing shops, spas and historical museums.

Top 10 richest cities in Spain 2024

Pozuelo de Alarcon, richest city in Madrid

Pozuelo de Alarcón is an outstanding suburban area in the madrid region. Known as the richest city in Spain, exclusive real estate listings often offer over 19,000 sq. ft. of living space with as many as 14 bathrooms and 12 bedrooms. They are often listed for up to $10,000,000. Spain’s richest city has a total population of over 6.7 million people, but you wouldn’t know it if you lived in Pozuelo de Alarcón.

La Moraleja, also located in the central part of Madrid, is also one of the most prestigious suburbs noted for its elegance and spacious living. The neighborhoods are lovely with gardens, luxurious homes, and short walks to shops, restaurants, museums and other areas of interest within the city.

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Barcelona, the Second Wealthiest City in Spain

Located in the north eastern area of Spain, Barcelona is second only to Madrid’s lovely high end homes. Barcelona is rich in its cultural heritage, and many homes are known for their beautiful architectural designs. Apartments, houses, and expensive villas are found to be a joy for the person looking for the perfect home.

For those who seek roof top pools and spas in high rise apartments, they aren’t hard to find in this richest city in Spain. With beautiful views of the city from terraces on the roof, elegant living spaces, and garages for parking, Barcelona draws people from all over the world who are looking for a home of luxury.

Marbella, Located in the Region of Costa del Sol

In Southern Spain, Marbella is known for the royal resort of the late Prince Fahd. While this beautiful city is slightly more expensive to live in, it has a low population of only 147,000 people. Mansions, villas, and high rise apartments are available for sale and for rent in one of spain’s richest cities.

Only 45 minutes away is the capital city of Malaga. Its climate draws people from all over the world who are looking for a comfortable place to live. This sea side city of Malaga gets 300 days of sunshine a year. It is known to have the most enticing Mediterranean climate in the region, and its tourism industry offers a boost to the economy. Many retirees come to retire in Malaga.

Puerto Banús is one of the most highly visited cities on the Costa del Sol. Built by a wealthy land owner, Jose Banus focused on building a marina for the most expensive yachts and boats in Spain. Some of the richest people in the world come to Puerto Banus to vacation and to live. Situated on the Spanish Riviera, this city has sold holiday homes to multimillionaires and celebrities since its founding in 1970.

The Basque Country

Located in the Western Pyranees Mountains in northern Spain, those who live in Basque have a language of their own. They also speak fluent Spanish for those who want to live here. The Basque ‘s strong traditions and heritage are steeped in romance and culture. Historical museums, surfing on sunny beaches, and its many national parks are what residents and tourists find attractive about the Basque Country.

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With over 2 million people living in the Basque Country, you will find an array of homes that are built with intriguing architectural designs. For the wealthy home owner, Basque calls out to them. Basque ranks in the top three of the richest cities in Spain.

Sant Cugat del Vallés: Rich city near Barcelona

Rich in history and noted for the Monastery of Sant Cugat, castles and palaces are for sale in this lovely city. Another richest city in spain, the real estate market continues to be active. Castles in areas of this city are adorned with massive chandeliers, brick arch ways, and antiquated stone walls. It is one of the towns with the lowest population of 89,000. It is the perfect place for home owners who enjoy the quieter pace of life.

Located just to the north of spain s richest city of Barcelona, sant cugat del vallés is known not only for its castles and palaces, but also for its high rise penthouses, manors and quaint villas. Exclusive property can also be purchased for those who prefer to design and build their own home.

La Linea de la Concepción

Located in the province of Cadiz lies the Bay of Gibraltar, a popular coastal town where tourists and retirees visit. While golf continues to be a sport enjoyed by residents and tourists alike, so is bull fighting. A trip to see the Rock of Gibraltar awaits those who enjoy this spectacular site, and wonderful city markets and sidewalk cafes are easily found along the streets of La Linea.

Palma de Mallorca, a Resort City

The capital city of Mallorca has a population of approximately 409,000 people. In this richest area of Spain, you’ll find 14th century manors, modern penthouse apartments, and mansions for sale. Enjoy lovely views from roof top terraces, and for those who enjoy swimming, pools are often found in the luxurious homes in Palmada Mallorca.

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The Spanish Riviera

The tourism industry is booming along the sunny coast line of the Spanish Riviera. Surfing is one of the most popular and among one of the healthiest sports for those who come for a vacation, or for those who come for the winter holiday. Crystal clear blue waters offer a sense of peace and relaxation on the Spanish Riviera.

In the coastal cities of the Spanish Riviera, the real estate market has homes for sale with a variety of styles and designs. Villas, high rises, and exclusive listings in the richest area of neighborhoods each draw people from near and far. Multi millionaires and celebrities enjoy a day on the ocean in expensive yachts in this richest city in Spain. A day of boating and relaxing on the sea with a glass of wine is a superb way to enjoy the day.

Statistics: Madrid and Barcelona’s Average Income

As the richest city in spain, Madrid’s median income of a middle class family is 1600 Euros a month. In American dollars this is nearly $1850.00 per month. Barcelona’s average income is a little less than Madrids; it is 1400 Euros a month. Top salaries for each country is, on average, $125,00.00 a year.

National Statistics about cities in Spain in the Year 2020

The population of the largest Spanish cities of Madrid and Barcelona are high, with a total population of Madrid being just over 6 million people, and Barcelonas population in 2020 was 5.5 million.

Buy a house in Spain

Purchasing property in the richest area in spanish cities may require the assistance of a reputable attorney. Lawyers who are well known for their honesty in helping prospective buyers, whether they are from another country or from Spain, will offer valuable advice. From legal ownership, to taxes and insurance costs, it is wise to employ the aid of a real estate lawyer.

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Do not buy a home in the richest city of spain without enlisting the help of a real estate agent, whether the property is located on the sea side or in the largest city in spain. Spain’s most luxurious homes are in abundance, but the process of buying a home means taking time to be sure the transaction is legal. Your real estate attorney will take the necessary steps involved to help you through the home buying process. Deeds can be viewed, permits can be issued, taxes can be filed, and a trusted real estate attorney knows how to do this.

We leave you a very interesting post about: Pitfalls of buying property in Spain.

Points to Ponder While Searching for Your Dream Home?

The process of looking for your dream home in the richest in spain takes time. Do not be in a hurry. There may be problems with the home that you aren’t aware of. A check list of what to look for is a handy device to take with you while house hunting. Are there cracks in the foundation? Is the building structurally sound? Does the roof need to be repaired or replaced? Check for leaks, mold, and mildew in bathrooms, in the kitchen, and in the laundry room. Are ceilings free from cracks or damage? A buyer should be well acquainted with the home they are interested in buying before finalizing the deal.

Insurance, Taxes, and Mortgages

The home buyer should become acquainted with insurance costs, taxes, and obtaining a mortgage while looking for properties in the richest city in spain. Check insurance rates and be sure to know exactly what the policy covers. From flood insurance to coverage for damage from storms, it is of great importance, both for safety of the home buyer and for their finances. Check with tax agencies to know how much property taxes will cost. Are there back taxes owed on the property? Once again, a knowledgeable real estate attorney can do the foot work for you as you search for a home in the richest city in spain.

Setting up a bank account in Spain may entail a little work, and with a little patience, a home can be purchased with no trouble at all. Often banks in spanish cities will require a certain sum of money to open an account. A reliable team of legal experts can give you keen advice during the purchasing process. Immigrants may find that obtaining a mortgage from a foreign bank may be tedious, but with good legal representation it can be done.

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Visas, Immigration Fees and More

Professionals specializing in visas and immigration fees can cost money, but in the long run they may save the day when choosing to buy a home in Spain. Whether you are obtaining a visa for the first time or you already have one, be sure it hasn’t expired and it is okay to travel abroad during this time.

The travel restrictions set in place because of the COVID pandemic may be lifted by the time your home is purchased in the richest city in spain, but if they haven’t been, you may be required to be vaccinated before entering the country. Face masks and social distancing have become well known phrases in our everyday language over the past year, so know the guidelines you must follow before traveling to Spain.

We are experts in making golden visas, non lucrative visas, if you need more information contact us.

Moving to a New House in a rich city in spain

After the process of purchasing a home in Spain has ended, the move begins. If the home you are buying is move-in ready, you may not have to move your appliances and furniture. Only your personal belongings have to be moved. Do you employ a moving company or do it yourself? What are the costs of moving if you are living in another country? Rest assured, the details will ultimately be ironed out, but the process itself must be dealt with.

Research is a necessary action for those who have purchased property in cities in spain. Check with notable real estate agents about moving to your dream home in the richest city in spain. Ask a reputable real estate attorney for their help. What do moving companies charge? Are you moving across the city, across the country, or are you moving to Spain from a different country? Wisdom is needed in order to move so be sure to do your research.

FAQ Richest cities for live in spain

Where do richest live in Spain?

It depends on the city, the rich live in one neighborhood or another, for example in Barcelona people with more money live in Pedralbes or Sant Gervasi.

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What is the most luxurious city in Spain?

The richest cities in Spain are Barcelona and Madrid.

What is the poorest city in Spain?

There is no poor city in Spain, only neighborhoods, for example, the mine in Barcelona, the 3000 dwellings in Seville…

What is the richest part of Spain?

The richest areas have always been the north of Spain, where we can find Catalonia, Navarra and the Basque Country. We should not forget Madrid which is the capital of Spain.

What is the most expensive city in Spain?

The most expensive cities are undoubtedly Barcelona and Madrid. But there is a lot of cultural offer and activities. If you want a better climate and similar cultural offer I recommend Marbella or Malaga.

Cheap cities in Spain to live well?

If you want to live well with a remote job or because you have money I recommend this post with the cheapest cities in Spain.