Lucas Fox celebrates 20 years with record turnover of €35.4m in 2024 and strategic acquisition by Dils

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• Annual turnover of Spain’s leading luxury residential real estate company grows by 16.2% compared to 2023

•  Acquisition by European real estate group Dils marks a new era of growth

•  Lucas Fox closed 2024 with transactions worth a total of €796 million, 20% more than the previous year. Property transactions of more than 1M€ also grew by 25.7%.

•  Over 56% of clients are international, confirming Spain’s global appeal  

Lucas Fox, Spain's leading luxury residential real estate company, celebrates its 20th anniversary with a record-breaking financial year and a new chapter following its acquisition by European real estate group, Dils. 2024 marked a record turnover of 35.4 million euros, representing a growth of 16.2% year-on-year.

During the past financial year, the company closed transactions for a total value of 796 million euros, 20% more than in 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, represents a key marker for Lucas Fox. With this partnership, the company is poised to expand into new service lines including Capital Markets, Commercial Real Estate including offices, logistics and hospitality as well as a focus on New Developments.

56.44% of Lucas Fox's customers in 2024 were international buyers, aligning with the recent acquisition by Italian real estate company Dils and its strategic European expansion. 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 an important strong local demand in conjunction with that of foreign buyers.

“Lucas Fox embodies the values we believe in: innovation, international vision, and a people-first approach,” said Giuseppe Amitrano, Group CEO of Dils. “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 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’’ stated Alexander Vaughan, co-founder ofLucas Fox.

Stijn Teeuwen, co-founder of Lucas Fox, continues: ‘’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.’’

LUCAS FOX celebrates 20 years in 2025 as a leader in the luxury residential sector

These results culminate two decades of continuous growth since the company was founded in 2005 with just two employees: Alexander Vaughan and Stijn Teeuwen, the founding partners.

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.

In 2025, Lucas Fox was acquired by Dils, a leading European real estate group headquartered in Italy, focused on driving the transformation of the real estate sector through digital innovation and technology.  

Today, Lucas Fox has a total of more than 30 offices in Spain, Andorra, Portugal and France and employs more than 250 people.