Where are the most expensive streets in Spain and what are the cheapest districts?

by Lorraine Williamson
expensive streets Spain - number 3 - Passeig de Garcia Fària (Barcelona)

Spain is a country of contrasts. From the green coasts of the north to the warm shores of the south, the peninsula is full of cultural and scenic differences. These translate into cities of different architectural and social make-up.  Here we look at the most expensive streets in Spain as well as the least expensive.

The result is a mishmash of streets and neighbourhoods of very different characters. And with the most diverse prices. Prices range from €13,451 to €363 euros per m2. These are the five most expensive streets according to Forbes: 

Na burguesa (Palma de Mallorca),€13,451 per m2 

The monumental road Na Burguesa is located in Génova, a municipality near Palma de Mallorca. It is on the eastern slope of Na Burguesa, which is a mountain range located in Calviá. Furthermore, it is one of the favourite places for foreigners living in Spain. However, it is also one of the most expensive areas in Spain. In the entire municipality of Calvià, the average price per m2 increased from €2,502 in March 2015 to €4,744 in February or 89.6%. From the road, you have spectacular views of the Mediterranean and the city of Palma. Those who can pay €13,451 per m2 live close to the city centre. But far enough from the hustle and bustle that roams the streets of the Mallorcan capital in summer.  

Zubieta (San Sebastián), €11,282 per m2 

Zubieta is a 350-metre street close to the famous La Concha beach in San Sebastían. Many of the flats on the north side overlook the distinctive coastline of San Sebastian. Zubieta is located in the central part of San Sebastian, in a district where prices rose by 33% between March 2015 and February this year, from €5,139 to €6,857/m2. 

Passeig de Garcia Fària (Barcelona), €10,475 per m2 

This long straight street of about 1.5 kilometres that runs from Forum Park to the Mar Bella beach, is in third place. Many of the houses on this promenade are newly built and have an exclusive view of Barcelona’s beach. The street is located in the El Poblenou district. Prices in this area rose from 1,834 to 2,300 m2 between March 2015 and February, an increase of 25%. 

Costa Santa Creu (Palma de Mallorca) €10,166 per m2 

This is a short and narrow street that runs alongside the parish church of Santa Cruz. The street is just over 100 metres long and is located in the centre of Palma de Mallorca, just a few metres from the Real Club Náutico de Palma. There are several shops on the street. Costa Santa Creu is located in the Ciutat Antiga district of Palma, where prices per square metre rose from €2,901 to €4,946 between March 2015 and February, an increase of 70.5%. 

Columela (Madrid), €9,856 per m2 

Columela is a 220-metre long street a stone’s throw from Puerta de Alcalá. The street is located between Serrano and Lagasca, in Madrid’s exclusive Salamanca district. Prices in this area rose by 50% between March 2015 and February this year, from €4,131 to €6,191 per square metre. 

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And these are the cheapest neighbourhoods in Spain 

In addition to the top 5 most expensive streets, there is also a top 5 of the cheapest neighbourhoods in Spain. This is described in a report of the valuation company Tecnitasa. Three neighbourhoods are located in the Valencian Community, one in Castilla y León and one in Castilla-La Mancha. The figures below are also average prices per m2. 

Area El Pilar-La Estación (Talavera de la Reina, Toledo), €363 per m2 

Talavera de la Reina is located in the province of Toledo and with 83,633 inhabitants is one of the most populous cities in Castilla-La Mancha. Within this city, the neighbourhood El Pilar-La Estación is one of the cheapest in Spain with an average house price of €363/m2. 

The Carrús district (Elche, Alicante), €410 per m2 

Elche (Alicante) is the third most populous city in the Valencian Community, with around 234,000 inhabitants. The Carrús area is, with an average price of €410/m2, one of the cheapest in the city and in the whole of Spain. Apartments of 110 m2 are offered for €60,000. 

Barrio Juan XXIII (Alicante, Alicante), €440 per m2 

In the north of Alicante is the Juan XXIII district, one of the largest in the Mediterranean city. The average price in this area is €440 per m2. You can buy a 70m2 flat there for €30,000. 

Barrio Guinea (Castellón, Castellón), €450 per m2  

La Guinea is with a price of €450 per m2 the cheapest district of Castellón, the fourth largest Valencian city in terms of population. It is a district with hardly any shops, inhabited by elderly people and immigrants who do not have much to spend. There are mostly single-family houses, many of which are abandoned. One hundred square metres will cost you €45,000. 

Plaza de San Francisco, Ávila, €460 per m2 

Ávila is one of the smallest provincial capitals, with barely 58,000 inhabitants. The Plaza de San Francisco, located next to the famous city wall, is the cheapest neighbourhood in the municipality, with a price of €460 per m2. 

 Also read: Large differences in property rental prices throughout Spain

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