The value of housing on the Spanish coast continues to climb, especially on the islands, where the greatest pressure on prices is concentrated. According to the report ‘Housing on the Coast 2025’ prepared by the real estate valuation and consulting firm Tinsa by Accumin, the five coastal municipalities with the highest average price per square meter are located in the Balearic Islands. Four of them are in Ibiza: Santa Eulària (4,652 €/m²), Sant Josep (4,650 €/m²), Ibiza (4,405 €/m²) and Sant Antoni (4,023 €/m²). To these is added Calvià, in Mallorca, with an average value of 4,096 €/m².
The report, which analyzes the market for first and second homes in 250 municipalities on the Spanish coast (excluding provincial capitals), shows a generalized growth in prices on the coast, which accelerated to 7.2% year-on-year in the first quarter of 2025. In the specific case of second homes, the increase was 12.1%, bringing the average value to 2,970 €/m². This increase is due, among other factors, to a growing demand for high purchasing power, the scarcity of new supply and the consolidation of tourism.
By geographical area, the strongest increases were recorded in the Islands ( 12.8%) and the Mediterranean coast ( 8.9%), followed by the Atlantic coast ( 6.2%) and the north coast ( 5.3%). In all areas, the increase in prices far exceeded the year-on-year inflation recorded in the first quarter (2.7%).
At the provincial level, Malaga ( 14.3%), Pontevedra ( 11.2%) and Santa Cruz de Tenerife ( 10.8%) stand out as the areas with the highest average increases. The trend is mostly upward: 58 coastal municipalities, 23.5% of the total analyzed, experienced increases of 10% or more in the last year. Only Artà (Mallorca) showed a year-on-year decrease (-13.8%), while Palos de la Frontera (Huelva), Oliva (Valencia) and Almenara (Tarragona) remained stable.
Since the lows reached after the financial crisis, housing on the coast has increased in value by 29% (compared to 49% of the national average) and is still 16% below the highs of the previous real estate boom. However, adjusting the data for accumulated inflation, only four municipalities – all in Ibiza – reach historic highs in real terms: Ibiza, Santa Eulària, Sant Josep and Sant Antoni. A clear reflection of the pressure of demand on the island and the shortage of residential supply.
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