The Mediterranean coast has traditionally attracted those seeking luxury real estate with sea views. In recent years, demand for high-end homes and villas in this region has only increased, with prices continuing to rise. According to a recent study, France, Italy, Spain, and Greece remain the leading destinations for purchasing premium waterfront properties.
The most expensive location for buying seaside property is the French resort of Saint-Jean-Cap-Ferrat, where the average price per square meter reaches €18,500, with some properties rising to €43,500. Over the past five years, property prices here have increased by more than 40%.
The second place is held by another French resort, Saint-Tropez, where the average price is €16,800 per square meter and top prices reach €38,500. Over a five-year period, prices here have grown by over 30%.
Rounding out the top three is the Italian town of Portofino, with an average price of €15,800 per square meter and maximum prices up to €27,500. In the past five years, property values in this town have risen by 15.6%.
Italian resorts account for six of the ten most prestigious Mediterranean destinations. Among them is Porto Cervo in Sardinia, where the average price is €8,600 per square meter, as well as the picturesque towns of Positano, Capri, Amalfi, and Porto Rotondo, where property prices range from €7,800 to €8,200 per square meter.
Spain is also represented in the ranking: three destinations made it into the top 20. Formentera is ranked sixth, with a price of €8,100 per square meter, and Ibiza is in tenth place, where the average price is €7,700. The highest prices on these islands reach €27,700 and €26,800, respectively. Completing the Spanish trio is Marbella in Andalusia, where the average price is €3,600 per square meter and the maximum is €13,800.
It is worth noting that Spanish locations have seen the most modest growth in luxury real estate prices over the past five years—from 6.8% to 9.8%. This makes them relatively stable for investment compared to French and Italian resorts.
The ranking also includes two Greek islands—Mykonos and Santorini. On Mykonos, the average housing price is €6,100 per square meter, while on Santorini it is €5,700. Both islands have shown strong price growth of 16.7% and 12.6%, respectively.
Buyers of luxury real estate most often opt for villas with panoramic sea views, private pools, spa areas, direct beach access, and landscaped gardens. Strong demand is supported not only by locals but also by foreign investors, contributing to continued price growth in the market.
Experts note that interest in Mediterranean luxury real estate will continue to grow, and the region will maintain its status as one of the most prestigious and expensive in Europe for purchasing seaside homes.
