DEXTER, the specialist in developer financing for luxury residential developments

The map of luxury homes for sale in Spain is probably as it seems: 70% of the 'high standing' assets are divided between four provinces: Madrid, Malaga, Barcelona and the Balearic Islands.

Spain has more than 40,000 homes worth more than one million euros for sale. These residences are spread across all 50 provinces, although there are four provinces that account for the vast majority, and they are also the most exclusive: ultra-luxury.

Specifically, the Balearic Islands accounts for 24% of the total and Malaga 23%, practically doubling Madrid and Barcelona, and leaving Alicante in fifth position. In the case of ultra-luxury, which goes above 3M, there is a slight shift, with Malaga being the leading province, with 36% of the assets, and leaving the Balearic Islands two points behind.

For the past five years, DEXTER has become a benchmark for developers and builders who opt for alternative financing with private capital to develop their high-end housing developments or even to build individual villas that are quickly put up for sale.

The company's Director of Risk Analysis, José Enrique Chasserot, sums it up very clearly: "we find ourselves with very few units of each of these homes, due to their high construction costs, and with a traditional banking system that, as there are no reserves or pre-sales, will not finance from minute one. That's where we come in, giving viability to the project, and contributing, most importantly, to the start-up, to the execution of the work and to the businessman managing the best marketing channels", concludes Chasserot.

Most of the luxury and ultra-luxury financing operations are being carried out by DEXTER in the province of Malaga, and especially in the so-called golden triangle: Marbella-Estepona-Benahavís.