The municipality of Sant Josep leads the list of the 50 Spanish municipalities with more than 20,000 inhabitants with the most expensive housing to buy. The price per square meter amounts to 6.295 eurosaccording to the latest price index of Idealista, the real estate marketplace in southern Europe, 13.4 percent more than in March 2022.
In second place is Santa Eulària, with an average price of 6,224 euros, 18.4 percent more than a year ago.
The ibiza town ranks fifth in this ranking, with an average price per square meter amounting to 5,359 euros, a slight increase of 4.4 percent compared to March 2022.
In sixth place is Sant Antoniwith an average price per square meter of 5,330 euros, which again shows the highest increase in the list with 34.3% year-on-year.
The average price of used housing registered a 7.3% year-on-year rise in March, according to Idealista.
Capitals
Only five capital cities appear in this list: Donostia-San Sebastián (5,191 euros/m2), Barcelona (4,063 euros/m2), Madrid (3,935 euros/m2), Palma (3,531 euros/m2) and Bilbao (3,174 euros/m2).
In total, the 50 towns (of more than 20,000 inhabitants) with expensive housing in Spain are distributed among 10 provinceswith the greatest representation of Barcelona (11), Baleares (10) and Madrid (8), although Malaga (5), Guipuzcoa and Las Palmas (4 each), Alicante and Vizcaya (3 each), together with Cadiz and Santa Cruz de Tenerife (1 each) also appear.
The main annual rises were recordedin addition to Sant Antoni, in two municipalities in the Canary Islands: La Oliva, in Fuerteventura (Las Palmas), with a 27.2% increase, and Adeje (Santa Cruz de Tenerife), with a 23% increase.
Between 15% and 20% rise in house prices are nine localities, where Estepona (19.3%) and Marbella (18.6%), both in Malaga, Conil de la Frontera (18.3%), in Cadiz, or Tres Cantos (15.8%), in Madrid, stand out. In addition to all these municipalities, another twenty of them have seen the market value of their homes increase above the national average, by 7.3% at the national level
Only three towns in this list have seen prices fall compared to March of last year. They are Getxo (-1.1%), in Vizcaya, and the Barcelona towns of Molins de Rei (-2.2%) and Gavà (-3.8%).
Maximum prices
Another reading that can be highlighted from this ranking of most expensive municipalities in Spain to buy a house is that 20 of the 50 areas reach maximum prices of the historical series of Idealista. So, in addition to the already known Madrid (5.2%) or Palma (11.3%), record prices are also reached in Sant Josep (13.4%), Calvià (16.7%), Marbella and its 4,138 euros/m2 or also the island towns of Alcúdia (3,677 euros/m2), San Bartolomé de Tirajana (3,436 euros/m2), Adeje (3,436 euros/m2) or Mogán (3,301 euros/m2), in both archipelagos.
But the maximums are not only reached in these localities of the provinces of Malaga, Balearic or Canary Islands. Jávea (2,914 euros/m2), Altea (2,667 euros/m2), Calpe (2,645 euros/m2), all three in Alicante, or Boadilla del Monte (2,900 euros/m2), in Madrid hit the price ceiling at the end of the first quarter of 2023.
For the full article, please visit Diario de Ibiza website here.