Luxury residential real estate company Lucas Fox is celebrating 20 years in Spain with turnover growing 16.2 per cent to €35.4m since its acquisition by Dils last year.
The company reports some 56 per cent of its clients are international, confirming Spain’s global appeal.
US buyers ranked top (10%), followed by the UK (6.4%), France (5.2%) and customers from the Netherlands (5.1%).
Domestic buyers accounted for 43.56% of the total, demonstrating strong local demand as well as that of international buyers.
Over the last financial year, it has closed transactions for a total value of 796 million euros, 20 per cent above its figure for 2023.
High-end deals over €1 million grew by 25.7%, further cementing the firm’s leadership in Spain’s prime residential market, concentrated in key markets such as the Balearic Islands, Malaga, Catalonia, Valencia and Madrid.
The acquisition by Dils, a major European player in commercial and residential real estate services, represented a key marker for Lucas Fox by expanding its presence into new service lines including Capital Markets, Commercial Real Estate including offices, logistics and hospitality as well as a focus on New Developments.
“Lucas Fox embodies the values we believe in: innovation, international vision, and a people-first approach,” says Giuseppe Amitrano, Dils' Group CEO. “This acquisition is a strategic milestone in our ambition to build a pan-European real estate platform that reshapes the sector.
Spain is one of Europe’s most dynamic markets, and we are excited to invest in its growth through Lucas Fox.”
‘’We are proud to celebrate 20 years with these record results, a reflection of the company's effort and vision, and the commitment of our team.
Lucas Fox embodies the values we believe in: innovation, international vision, and a people-first approach...
LUCAS FOX continues to pioneer the Spanish luxury real estate market, driving the growth and worldwide recognition of Spain as a leading investment destination.
Partnering with Dils provides us with the strategic resources to scale, diversify our services and redefine what luxury real estate is all about across Europe and expand our opportunities to work across Europe with new opportunities for clients and partners,’’ adds co-founder, Alexander Vaughan.
Co-founder Stijn Teeuwen, adds: ‘’Foreign buyers’ interest in Spain has been growing over the years as they have come to see it as a safe investment destination, but also the unrivalled lifestyle, good climate, culture and beauty of the country have been key.
British, French and Dutch clients have always been keen on Spain, but in the last few years, we’ve seen exponential growth from North and Latin America.’’
These results top two decades of continuous growth since the company was launched by its co-founders in 2005.
In 2007, Lucas Fox opened its first office on the Costa Brava and, in 2011, opened its first office outside Catalonia.
In 2013, it launched its first real estate lounge in Pau Clarís (Barcelona) and in 2015 the company created its new developments division, a strategic business line that will be a key focus of development for the next 20 years.
Expansion continued with the launch of the affiliate programme in 2017 and the opening of the first international office in Andorra in 2018.
Today, LUCAS FOX operates more than 30 offices in Spain, Andorra, Portugal and France, and employs more than 250 people.
