The strength of the dollar, an increase in direct flights and an appetite for the ‘Spanish way of life’ have driven more U.S. buyers to the country’s real-estate market.

Ron Hale ushered in 2023 by relocating from landlocked Orlando, Fla., to a primary residence in Marbella, on southern Spain’s Mediterranean coast.  In January, the 59-year-old founder and CEO of Natural Tone Organic Skincare, a Florida-based beauty-supply company, closed on a 3,000-square-foot, three-story townhouse, with four bedrooms, spacious balconies, sea views and a sale price of $1.1 million.

Mr. Hale, who wanted a base to better supervise his company’s diverse European interests, chose Marbella, a glamorous resort known for its balmy year-round climate, because of “the food, the golf and the international flair of it all,” he says. And his newly remodeled turnkey purchase—what he likes to call a place to lock and leave—has easy access to Málaga airport, the gateway to Spain’s Costa del Sol region, a 45-minute drive away.

Source: https://www.wsj.com/