The most exclusive street in Spain for buying a home covers an entire urbanisation. Specifically, the Urbanización Coto Zagaleta, in the town of Benahavís, Malaga is the area with the most expensive homes for sale in Spain.
The closing prices of homes that were sold on the Spanish coasts grew by 5.7% over the last year, up to 1,727 euros per metre squared, which is 160 euros per square foot, according to a study published by idealista.
The Canary Islands are one of the favourite places for expats to buy property in Spain. From the great weather on the hottest Canary Islands of Tenerife and Gran Canaria to the excellent family beaches on Lanzarote and Fuerteventura, there’s no end of reasons to live in the Canaries.
The price of used housing in Spain rose 1.7% during the second quarter of 2019. This rise means the average house price in Spain per square metre is 1,733 euros, which is 161 euros per square foot, according to the latest idealista price index.
The bursting of the housing bubble and the economic crisis in Spain brought years of increases in the number of evictions, especially as many families were unable to pay their mortgages, and it was also impossible for many young people to become financially independent in the face of low wages.
More than 2,000 discounted houses have arrived on the market. Recently, the Spanish real estate agencies Aliseda and Haya Real Estate have announced commercial campaigns to release more supply of real estate.
There has been an increase of 0.8% in the price of used housing in Spain in October 2018, standing at 1,726 euro per square metre, or 160 euro per square foot, according to the latest idealista real estate price index.