This summer, Spain's coastal property market presents a surprising contrast: while some destinations are solidifying their status as luxury hotspots, others are emerging as affordable havens for those seeking a high quality of life. As summer comes starts to come to an end, Activum Real Estate has identified key trends shaping the Spanish coastal property market. From the exclusive corners of the Balearic Islands to Murcia's accessible beaches, two-bedroom properties are among the most coveted this season.
Most expensive provinces
In the most exclusive coastal real estate provinces, iconic destinations symbolising luxury and prestige are prominent. From the heavenly Balearic Islands to Malaga in Andalusia, these locations have properties that reflect a unique lifestyle desired by the most discerning buyers.
Balearic Islands
- Calvià, Mallorca: €3,100,000 for 183 m2. Calvià tops the list of the most expensive properties on the Balearic coast. This area is known for its luxury and sophistication.
- Ibiza: €2,300,000 for 200 m2. Ibiza is one of the most expensive and sought-after destinations for its vibrant nightlife and paradisiacal beaches.
Malaga, Andalusia
- Marbella: €2,895,000 for 139 m2 is the average price in Marbella. Renowned for high-end residential developments and golf courses.
Most affordable provinces
In contrast to the more exclusive provinces, Almeria and Murcia are increasingly attractive and accessible coastal destinations for those looking to buy a property close to the sea, but without making large investments. Adra, in Almeria, and Mazarron, in Murcia, offer residential options that combine affordable prices with the Spanish coastal quality of life, attracting buyers on a tighter budget.
Almeria, Andalusia
- Adra: €65,000 for 70 m2. A budget-friendly option close to the coast.
Murcia
- Mazarron: €45,000 for 60 m². An attractive choice for cost-conscious buyers.
Comparison by area
Spain's coastal real estate market offers diverse opportunities across different regions. From the North's historic elegance to the South's affordability, Levante's natural beauty, and the Islands' exclusivity, each area caters to unique preferences and lifestyles.
Northern Spain: elegance and tradition
- Baiona, Pontevedra: €430,000 for 85 m². Known for its historic charm and proximity to the sea.
- San Sebastian, Guipuzcoa: €1,000,000 for 90 m². A top-tier city with upscale living.
Southern Spain: sun and affordability
- Benalmadena, Malaga: €825,000 for 175 m². Offers luxury and a vibrant social scene.
- Cuevas de Almanzora, Almeria: €89,000 for 90 m². The most affordable southern option.
Levante: beauty and opportunity
- Calpe, Alicante: €350,000 for 100 m². A balance of natural beauty and affordability.
- La Unión, Murcia: €100,000 for 85 m². Among the region's most budget-friendly properties.
Islands: luxury and exclusivity
- Calvià area, Balearic Islands: €3,100,000 for 180 m². The epitome of luxury.
- Formentera: €1,500,000 for 90 m². A sought-after destination for luxury buyers.
Total price averages by Autonomous Community
Activum Real Estate data reveals significant price variations across Spain’s coastal regions:
- The Balearic Islands: the highest average prices from €200,593 (76 m2) to €914,290 (118 m2).
- Andalusia: from €92,673 (68 m2) to €552,151 (112 m2).
- Catalonia: A wide range from €91,482 (57 m2) to €512,490 (100 m2).
- Murcia: the most affordable option, from €43,550 (54 m2) to €334,738 (107 m2).
- The Canary Islands: from €148,779 (75 m2) to €394,024 (100 m2).
With such diversity, Spain's coastal property market caters to both luxury seekers and budget-conscious buyers.