On Calle Serrano in Madrid (11,400 euros/m2), Paseo de Gracia in Barcelona (9,915 euros/m2) or the streets of the Center of San Sebastián such as Avenida de la Libertad, Calle Hernani or Plaza de Guipúzcoa (8,040 euros/m2) are the most expensive home prices in Spain, according to a Tecnitasa report. These maximum house prices in the main cities increased by an average of 3.5% in 2022, with double-digit increases in the most prominent areas of Palencia, Cuenca, Segovia or Palma. Discover the most expensive street in your city.
The maximum prices of housing in the main Spanish cities continue to rise with an average increase in prices in these areas of 3.5%, according to the report of the appraiser Tecnitasa. Among the highest values in the table where the Serrano street in Madridwhere it reaches 11,400 euros/m2, after a slight rise of 1.33% compared to 2021, ahead of the Passeig de Gracia in Barcelonawhich is close to 10,000 euros/m2 after an increase of 3.5% in the last year.
Behind the two major Spanish capitals, the third city with the most expensive streets to buy a home is San Sebastián, with areas such as Avenida de la Libertad, Plaza de Guipúzcoa or Calle Hernani, all in the Romantic area of the Centro-Miraconcha districtin which you can find prices of 8,040 euros/m2, 3.75% more than the previous year.
“Although expectations were bad, the real estate sector has held up well,” he said. Fernando García Marcos, technical director of Tecnitasa .“The average increase in home prices in the most expensive areas has been around 3.5%. Therefore, it is an increase lower than the CPI, unlike in rents, where the increase has exceeded the CPI for December”.
Behind, and still above 5,000 euros/m2, are Abandoibarra – Plaza de Euskadi, in Bilbao, where prices have risen 7%, to 5,780 euros/m2; followed by Centro – Malagueta in Málagawhere they have remained stable at 5,500 euros/m2.
Leaping to ValenciaPaseo de Ciudadela and Navarro Reverter and Colón streets appear, which after rising 9.5% reached 5,250 euros/m2, very similar to Paseo Marítimo de Cadizwith its 5,200 euros/m2 after increasing by 4% year-on-year.
The top 10 most expensive streets are completed by El Sardinero (5,115 euros/m2) of Santander; the first line of Puerto Banus, in Marbella (5,000 euros/m2) and Paseo Marítimo de Palma (4,950 euros/m2), which stars the biggest rise among the top positions, with 10%, to stay at the gates of 5,000 euros/m2.
The most expensive streets of Palencia, Cuenca, Segovia, among the highest increases
On the other hand, the main increases registered in the last year are carried out by other roads such as Calle Mayor Principal and Menéndez Pelayo de Palenciawith an increase of 37% to 3,700 euros/m2, ahead of Avenida Pais Valencia and Parc Central de Torrent (18.3%), in Valencia, with its 2,000 euros/m2, or the 16.5% increase in the Center of Reusin Tarragona, which places it at 2,150 euros/m2.
Among the most expensive streets in 12 other cities, prices remained stable on the beachfront of Paseo de Las Canteras (4,550 euros/m2) of The Gran Canarian palms; the Paseo Sarasate/First Expansion of Pamplona (4,250 euros/m2) or the Gran Vía and Platería de Murcia (4,000 euros/m2).
Another 17 locations saw prices on the city’s most expensive streets decline over the past year. The greatest falls have been registered in the surroundings of Plaza Europa de Hospitalet de Llobregat (-8.3%), Uría street and surroundings of Oviedo (-6.8%) and the Puerta Real area of Granada (-5.7%), next to Avenida Tres Cruces and Avenida de Portugal, and San Andrés in Zamoraalso with a 5.7% drop.
