Despite having built two business empiresAmancio Ortega does not live in a luxury skyscraper in London or in a penthouse in Miami. Not even in a big capital.
Ortega has preferred to settle his residence in La Coruña, the city where he opened your first Zara store in 1975, marking the beginning of what would later become Inditex. Staying in La Coruña reflects not only a personal rootsbut also his taste for stay away from the media spotlight and keep a low profile in front of the press.
With just over 250,000 inhabitants, La Coruña has become the refuge of ninth greatest fortune of the world with a heritage of 149,000 million dollars who, instead of living in an ostentatious mansion, has resided for decades in a luxury apartment in the Avenida da Marina area of La Coruña, on the city’s seafront.
How much does it cost to be a neighbor of Amancio Ortega?
According to published AD, Amancio Ortega’s usual residence is a large duplex in a classic-style residential building in the historic center. The façade with glass galleries, typical of the city, let in natural light and offer open panoramic views over the marina and the bay. It is not an isolated house or a private chalet, but rather a luxury apartment integrated into an urban fabric with daily activity.
There is no record of the size of the house, but estimates based on other nearby properties suggest that it would be in a range between 180 or 220 m2 on several floors.
Entering the same residential segment as Ortega’s home means placing yourself in the most exclusive part of the real estate market in La Coruña. In 2026, data from specialized portals show that prices are not uniform within the city.
According to data from real estate portals such as Idealista, they establish that the average price of housing in the city is around 2,974 euros/m2 in 2026. However, when we focus on areas of high demand such as the area around Ciudad Vieja, where Amancio Ortega resides, its price shoots up above 3,985 euros/m2. In some cases of buildings with recent rehabilitation, dominant height and direct views of the sea, offers can exceed 4,200 euros/m2.
If we take a home of comparable size to that estimated for Ortega’s residence, the purchase price in 2026 would be in a range of between 760,000 euros and more than 850,000 euros. To put it in perspective, that amount would be the equivalent that Amancio Ortega would earn in two hours and 25 minutes of your time.
Living on rent would also not be a cheap solution to being a neighbor of a billionaire of the stature of Ortega. The municipal average of La Coruña is around 11 euros/m2 per month. However, in the heart of the historic center and the seafront, rents frequently exceed 14 euros/m2 per month. For a home similar to that of Amancio Ortega, the monthly price could be around 2,800 euros per month.
That fee is high for Galicia, but it may even seem cheap when compared to the rents paid in exclusive city neighborhoods like Madrid or Barcelona.
The country house and its visits to Madrid
In addition to his urban residence in A Coruña, Ortega is owner del Pazo de Drozo, a stately property located in the municipality of Cambre (Anceis), about 17 km from the center of Coruña. The manor is a traditional Galician construction from the 17th century, located on a 4,500 m2 plot with large gardens and a more private and country character.
The Anceis property has served as the setting for family events such as the wedding of his daughter Marta Ortegatoday the highest representative of the Ortega family at Inditex as non-executive president of the firm from 2022.
Amancio Ortega has built a real estate empire all over the world thanks to dividends obtained from Inditex managed by Pontegadea. However, when the millionaire must travel to the capital to fulfill his business agenda, he stays at the residence that, as as I pointed out Vanitatisthe millionaire bought in the exclusive Milenium building, in front of Madrid’s Puerta de Alcalá.
According to collected The Confidentialthe approximate price of the homes on that property was between 15,000 and 20,000 euros per m2, achieving the dubious record of positioning itself as one of the most expensive properties in the capital.
Image | GTRES
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