Sotogrande, Spain – March 12, 2025 – Nestled at the southern tip of Spain’s Costa del Sol, Sotogrande’s 11310 postcode has firmly established itself among the most desirable in the world, showcased by latest sales data. In 2024, it continued to attract discerning ultra-high-net-worth buyers seeking luxury living, innovative developments, and access to some of Europe’s finest golf courses and amenities.
Last year, Sotogrande’s property market experienced a 30% increase in average sale prices compared to 2023, reaching a new average sales price of over €1.9m, while the top-end of market reached €17m for the first time.
Key developments such as The 15 and Village Verde were the cornerstone of this success. The 15 has now sold over 50% of its plots and villas, while AQUA – an ARK Architects project – sold within six months, achieving a marquee sales price of €12m. What’s more, Village Verde, a luxury apartment project, reached 85% of units sold ahead of its second-phase delivery in mid-2025, with an average sales price of €1.4m.
This data positions Sotogrande firmly alongside the world’s most desired and renowned postcodes, such as Monaco, Saint-Tropez, Mayfair, and The Hamptons.
High density affecting prices in the most expensive postcodes
Monaco remains the most expensive property market in the world according to Savills, with prices averaging €55,000 per square metre. The Mediterranean principality’s values are typically also resilient when compared globally. While the destination remains desirable, in recent years prices have plateaued according to Savills’ World Cities Prime Residential Index, with prices per square meter sitting at 1% below their 2021 high*.
Nearby Saint-Tropez offers luxury homes ranging between €18,000 and €22,000 per square metre. The French Riviera hotspot continues to attract high-net-worth buyers seeking exclusive waterfront villas and hillside estates with panoramic views. Savills** reported that a government initiative to preserve the natural environment has resulted in greater density in central areas and reduced new development opportunities. The area saw a surge of interest during – and immediately following – the pandemic, further driving the average price per square metre resulting in some of the highest recent sales prices in the Riviera.
Mayfair in the City of London’s West End, is renowned as the capital’s most exclusive postcode. Average sales prices were just below the £5.5m mark in 2024 and according to Rightmove***, overall, the historical sold prices in Mayfair over the last year were 15% down on the previous year and 41% down on the 2019 peak of £9.16m.
The Hamptons, a sought-after resort community on Long Island, New York, has long been revered as a sanctuary for the rich and famous. According to the New York Times, in November 2024 the overall market prices had increased some 25% year-on-year.
The New York Times’ Market Snapshot**** summarizes that in the first quarter of 2024, the high-end market drove up prices and the number of single-family homes sold, but the condo market remained flat.
Sotogrande is a private postcode, offering 24-hour security and a safe, tranquil environment for its residents. It is the only residential estate that encompasses an entire postcode in Spain, further elevating its exclusivity and desirability among high-net-worth individuals and families seeking a sense of privacy.
Home to iconic golf courses such as Real Club Valderrama, Real Club Sotogrande, and La Reserva Club, Sotogrande remains a top choice for golf enthusiasts. In 2024, it was recognised as the #1 Residential Golf Development in the World by Golf World and climbed to 6th place in Europe’s Top 100 Resorts rankings.
“Our 11310 postcode symbolises Sotogrande as not just a place to live; but a lifestyle where thoughtful design, a vibrant community, and a deep connection to nature come together. The continued increase in demand for homes in Sotogrande can also be attributed to our reputation for safety and access to an excellent international school, offering an ideal environment for families as well as individuals seeking a refined Mediterranean lifestyle,” commented Rita Jordão, Director of Marketing for Sotogrande SA.
From its innovative real estate developments to its focus on sustainability, Sotogrande’s 11310 postcode continues to attract those seeking a refined Mediterranean lifestyle in a globally recognised destination – one that truly sits among the very best worldwide.
