Where are the most expensive and cheapest properties in Spain?
According a recent report published by TECNITASA, an independent real estate rating company, the most expensive street where buy a home in Spain is Serrano Street (center of Madrid city). In fact, Madrid still having the most expensive square meter in Spain, being the highest price in Serrano Street of 10,246€/m2, although it has dropped 6% compared to 2015.
In this regard, ElConfidencial.com informed also this week about the recent sale of the most expensive attic in Spain since the technical end of the recession. It has been sold in Serrano Street (in Serrano 7 development), it has 600 m2 and the price is 9 million euros.
According with the report of TECNITASA, Barcelona is the second Spanish city with the most expensive square meter, specifically in Paseo de Gracia, where the maximum price reaches 8,957€/m2 (6% more than in 2015). San Sebastián, in Basque Country, occupies the third place in this ranking with a maximum price of 6,820€/m2, which represents a yearly increase of 11%.
The cheapest properties in Spain are located in Talavera de la Reina (Toledo province), Castellón, Huesca and Elche (Alicante province).
In contrast, the cities or town where find the cheapest properties in Spain are located in Talavera de la Reina (Toledo province), Castellón, Huesca and Elche (Alicante province). All of them have minimum prices below 400€/m2.
The report highlights that cities such as Burgos, Madrid, Zamora, Palencia and Santander are the ones where the maximum prices per square meter has fallen the most, with year-on-year decreases between 8% and 3%. On the other hand, both the Balearic Islands and the Canary Islands stand out for a yearly increase between 5% and 8% in their prices per square meter.