Property prices in Spain
Spain has a great selection of property ranging from small apartments and luxury villas with swimming pools and golf courses. Real estate along Spain's Mediterranean coast, the Costa del Sol, Costa Blanca and Costa Brava, is the most
Marbella on the Costa del Sol is both a top holiday destination and permanent town of residence for many foreign buyers, particularly Brits, Germans and citizens of the CIS states. Many investors also look for resort property in the Canary Islands and the Balearic Islands with Mallorca and Ibiza among the most popular. Average prices on the islands and in Barcelona start at over €1M. Apartments in Spain's large cities: Madrid, Barcelona, Malaga, Murcia and Granada are also eagerly sought after.
Foreigners account for 13% of the total residential real estate transactions in Spain. Brits lead the way with the French and Russians ranking second and third respectively. Both
Resort property in Spain is modestly priced compared to other European countries. For instance on the Costa Blanca, a studio or
Costa Brava in Spain’s Catalonia region is the most expensive of all four coastal regions: Costa del Sol, Costa Blanca, Costa Dorada and Costa Brava. Average property prices have surged up to €2,200/sq.m. Investors looking for better deals head to the Costa Blanca where prices are 50% lower. While in Catalonia, €150,000 would buy a tiny flat, it would be enough to buy an affordable detached
|Costa del Sol||Balearic Islands||Catalonia|
(castles, mansions, estates)
Spain's real estate market boomed for over a decade from
Property in Spain is now three times cheaper (−34.6%) than in 2006 when peak prices per square meter reached €2,892. In 2012, the same area cost just €1,891. The Spanish property market is just starting to recover and prices are expected to rise in certain segments over 2015.
|Province||€/sq.m||% per annum|
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