Housing prices

Every one of Spain's 50 provinces has at least one property listed for over €1 million on idealista, but their distribution is uneven. Notably, the provinces of Malaga, the Balearic Islands, Madrid, Alicante, and Barcelona account for 79.6% of all such properties.

Spain's luxury real estate market is thriving, attracting affluent buyers with its stunning properties and prime locations.

The average house price in Spain continues to rise, and the rate of increase is accelerating. According to the Real Estate Registry Statistics from the Association of Registrars, the average house price accelerated in Q2 2024, rising by 2.9% to €2,057 per square metre, up from 0.8% in the previous

The top 10% of homes with the highest prices in each market represent its most exclusive segment.

The consultancy Gloval has presented the "VIII Barometer of the Residential Market of Andalusia". The report highlights that at the end of the second quarter of 2024, Cadiz and Malaga stood out with the highest housing prices, reaching €2,684/m² and €2,681/m², respectively. Other capitals show the following prices per m²: Seville (€2,176/m²), Granada (€1,988/m²), Cordoba (€1,458/m²), Almeria (€1,374/m²), Huelva (€1,287/m²) and Jaen (€1,176/m²).

The Balearic Islands top the price ranking with dream properties from €3 million. Murcia is the most affordable region for home buyers on the Spanish coast, from €38,000, followed by Almeria starting at €65,000, according to the latest report from the consulting firm Activum.

Spain is home to some of the most impressive places in the world, offering tourists and residents a unique and diverse experience. National Geographic has compiled a list of Spain's seven natural wonders.  This article will explore these locations, highlighting their history and uniqueness.

Average property and rent prices in Spain have seen two consecutive months at maximum prices, according to the latest idealista reports. At the end of June, up to seven provincial capitals saw record property and rent prices on the real estate platform. We analyse property and rent prices of the districts in the cities of Barcelona, Madrid, Valencia, Malaga, Palma, Las Palmas de Gran Canaria and Cadiz.

According to the latest report from the Tinsa IMIE General and Large Markets index, the price of new and used housing rose 0.5% in June compared to the previous month, placing the year-on-year rate of change at 3.2%. The tourist areas, particularly around the Mediterranean Coast and the Balearic and Canary Islands, stand out for their notable advance in prices.

Housing will continue to rise in 2024. During the first quarter of 2024, the Spanish real estate market experienced a recovery in the volume of transactions, although with lower figures than those recorded at the beginning of 2023, and a slight increase in property prices. According to the 1st Solvia Market View 2024, a slight upturn in the cost of housing is expected towards the end of the year, with increases ranging between 2% and 3%, mainly due to the supply shortage in the market.

Perched majestically in Caldera del Rey (Adeje) on the Island of Tenerife, this luxurious estate is a gem of the Canary Islands real estate market.

Housing in coastal areas - considering first and second homes - rose by 5.7% year-on-year in the first quarter of 2024, to €1,740/m2, compared to an average increase of 3.3% in house prices in Spain during this period, according to Tinsa.

Economic theory pointed to a significant crisis in housing prices due to the rise in rates to contain inflation. But the reality is that the fall has been brief and that practically all real estate markets in the world have ignored the rise in rates observing price increases.

Property transactions tend to rise during summer, according to the experts consulted, which is why a slight increase in prices is also predicted. Prices have generally increased so far this year, but only moderately, by between 1% and 2%, a figure lower than inflation, which is expected to remain above 3%. According to Alfa Inmobiliaria, new builds could experience a greater increase in price due to their scarcity and more modern construction standards, which justify a higher price.

The phenomenon of squatting, or "okupación" as it is known locally, has become a significant issue in Spain, impacting property values and creating a complex legal and social landscape.

House prices in Spain rose by 3.3% in May compared to the previous year, with an increase of 0.5% compared to April, but with a particular impact in the island areas, where house prices soared by 8% in the fifth month of the year in year-on-year terms and are only 0.1% below the peak reached during

The growth in the most expensive residential prices on the market reached 7.7% year-on-year in April. The rise in properties located in the 90th percentile of prices, or in other words the 10% of the most expensive homes, was higher than that recorded by the market as a whole, which increased by 6.9% year-on-year, according to the study published by idealista.

The general "Tinsa IMIE General and Large Markets" statistics index for April reflects a year-on-year increase of 3.2%. Still, this increase is more than doubled in the "Mediterranean Coast" (+6.8%) and almost tripled on the "Islands" (+9%). The monthly rate (April vs.

Spain's luxury residential market is experiencing a boom. Climate, infrastructure, quality of life and security are the main reasons why buyers of luxury and ultra-luxury homes (over €5 m) choose Spain to live in. Marbella is one of the epicentres of ultra-luxury. Specifically, the most expensive square metre is in homes on Marbella's beachfront in Marina Puente Romano complex, reaching €30,000 per square metre. And when the property is good... the sale takes place “off market”, that is, it does not go on sale publicly and takes only between one and three months to sell.

According to the latest idealista report with data from February, the largest year-on-year increases have occurred in Jerez de la Frontera (14.6%), San Cristóbal de la Laguna (12.9%) and Telde (10.3%), while Marbella (€4,526/m2) and the university city of Tenerife (€1,637/m2) are the only places in this study to reach maximum prices.

The high-end residential market in Madrid continues to attract foreign investment, especially American buyers, who consider the region as the “European Miami”, according to Lucas Fox, the real estate agency specialising in luxury housing. According to its data, renovating a home in the capital's 'prime' neighbourhoods can increase its price by more than 70% to over €10,000/m2. Jerónimos (€20,800/m2), Recoletos (€17,300/m2) and Goya (€15,000/m2) stand out the most but La Moraleja (€12,000/m2) and Pozuelo (€11,500/m2) are also noteworthy.

Knight Frank's latest 'Wealth Report 2024' on the luxury market reveals what $1m can buy in the most expensive real estate markets in the world. Prime housing prices remain high in Monaco, Hong Kong and Singapore, where $1m can barely buy 15 to 30 m2 of luxury property. In Spanish destinations, the values change from 96 m2 in Madrid to just 50 m2 in Ibiza.

Buying or selling a home is one of life's milestones, as it requires a major investment and many hopes and dreams are poured into it. However, a great deal of stress is also involved. Preparation is needed for everything to run smoothly and for the transaction to be successful.

Homeownership is losing ground in Spain in favour of renting.

Sixty-five per cent of the properties listed for sale on idealista in the fourth quarter of 2023 were under €150,000, according to a study published by idealista, southern Europe's leading real estate marketplace.