The most exclusive street in Spain for buying a home is on the island of Mallorca, in the municipality of Andratx: Camí des Salinar.
According to a study by idealista, Spain’s leading property marketplace, owners there are asking an average of €15 million for one of its high-end homes.
Second place in this exclusive ranking goes to Paseo de los Lagos, in the well-known La Finca development in Pozuelo de Alarcón, Madrid, where the average asking price is €11 million.
Third place covers the whole Coto Zagaleta development in the Málaga municipality of Benahavís, where sellers are asking €10.5 million for their homes.
Fourth place goes to another street in the Balearic Islands, Carrer Mossa in Palma, where homes have an asking price of €9.8 million.
It is followed by Paseo del Conde de los Gaitanes, in Madrid’s La Moraleja development, at €8.9 million.
In sixth place is Palma again, where homes on Carrer Binicaubell cost €7.9 million on average.
Seventh place is taken by another street in Málaga: Calle Osa Menor in Marbella, where homes have an average value of €7.85 million.
Eighth and ninth places go to two Madrid streets, Calle Serrano and Calle José Ortega y Gasset, both with an average property price of €6.95 million.
Rounding off the ranking is Marbella’s Cascada de Camoján development, where sellers are asking €6.395 million on average for their homes.
The most expensive streets in each autonomous community
The idealista study also identifies the most exclusive street in each of Spain’s 17 autonomous communities.
Beyond the three regions with streets in the national top 10, five other autonomous communities have addresses where average prices exceed €1 million:
- Catalonia (€5.98 million)
- the Canary Islands (€5.95 million)
- the Valencian Community (€4.2 million)
- Galicia (€1.98 million)
- the Basque Country (€1.79 million)
The most affordable region is Castilla-La Mancha, where its most expensive street has an average price of €335,000. It is followed by Extremadura at €475,000 and Asturias at €490,000.
Methodology
For this study, idealista analysed the average absolute price of every type of home advertised on the same street, including flats, studios, penthouses and detached houses. To prevent the figures from being skewed, only streets with a relevant minimum number of listings were included.
The study therefore shows average asking prices by street. It does not mean that the homes listed there are necessarily the most expensive properties for sale in each market.
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