The consequences of the coronavirus pandemic for property sales seem to be behind us, and property prices are starting to rise again. At idealista we wanted to analyse which are the neighbourhoods in which the rise in owners' expectations has grown the most in the last two years, comparing the asking prices in September 2019 with September 2021 (using the same month to eliminate seasonal variations).
The majority of the 10 most expensive neighbourhoods are located in Andalusia. Las Salinas in Roquetas de Mar ranks first, as it has seen its property prices increase by 46.3% in the last two years. It is followed by Golf Guadiana, in Badajoz, with an increase of 41.4%, very similar to that of the neighbourhood of La Concepción, in Cartagena (41.3%), and Marbella's Nagüeles (41.2%).
Fifth place goes to the El Caño-Maracaibo area of Las Rozas de Madrid, where the property prices have risen by 39.6%. This is followed by three neighbourhoods in the province of Malaga: Las Brisas (38.1%) and Bello Horizonte-Lindasol (34.1%), in Marbella; and Guadalmansa (33.8%) in Estepona. The ranking is completed by the Juan XXIII area in the city of Alicante (30.4%) and the neighbourhood of Génova, in Palma de Mallorca (29.5%).
The most expensive neighbourhoods in Spain
While Andalusia holds the highest number of expensive neighbourhoods, the most expensive ones are actually located in Spain's capital, Madrid. The Recoletos neighbourhood is the one with the highest average price in Spain, reaching 8,448 euros/m2. The next is also a classic among Spain's most exclusive neighbourhoods: the San Sebastian neighbourhood of Miraconcha at 7,251 euros/m2. Third place goes to Los Jerónimos in Madrid (6,917 euros/m2), followed by the Área Romántica in San Sebastián (6,869 euros/m2).
The following three positions are occupied by neighbourhoods in Madrid, such as Castellana (6,861 euros/m2), Almagro (6,545 euros/m2) and El Viso (6,421 euros/m2). Pedralbes is the first Catalan neighbourhood in this ranking (6,125 euros/m2), followed by Lista in Madrid (5,963 euros/m2) and Les Tres Torres in Barcelona (5,959 euros/2).
Methodology
In order to carry out this study, idealista has used the sales prices published in September 2021 in its report and compared them with those published in September 2019, to eliminate seasonal variations. All the data from the most segmented levels (neighbourhoods) have been used, and when the available sample did not make this possible, a higher level (district) was used.
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