Spain’s luxury market to grow by 6 percent

According to Luxury Spain, the local association of the luxury industry, Spain’s luxury market is estimated to grow by 6 percent in 2015 reaching a total of 5,43 billion euros. The main luxury hubs in Spain are Barcelona and Marbella, both concentrating 60% of the entire Spanish luxury market. According to the study, Spain’s luxury market ranks fifth in Europe, after France, Italy, Germany and Switzerland. The main foreign consumers of luxury in Spain are: U.S., Japan, India and Qatar.

Chanel store, Barcelona, Passeig de Gracia