The selling price of homes on the Spanish coast increased by 0.5% last year, to 1,751 euros/m2, according to a study published by idealista, Spain’s leading real estate marketplace, from Italy and Portugal.
Coastal accommodation in the Balearic Islands is the one that has increased the most over the past year, with an increase of 4.4% in April. They are followed by the municipalities of the Costa del Sol (Malaga), with a variation of 3.1%, and those of the Costa Blanca (Alicante), where they increased by 2.6%. Next come the areas of the Costa del Maresme (Barcelona) with 2.3%, the Costa de la Luz (Cádiz) with 2.2%, the Basque coast of Guipuzcoa with 2%, Biscay with 1.1%, the Costa de Valencia (1%) and Costa de Cantabria with 0.5%.
All other Spanish coastal areas recorded lower prices than a year ago. The largest drop was recorded in the tropical coast of Granada (-6.5%), followed by Mariña Lucense with -5.9%, the Costa de Almeria (-5%) and the coastal municipalities of the three islands of the province of Las Palmas (-4.6%).
With discounts of less than 4%, we find the Costa de la Luz in Huelva (-3.2%), the Costa del Azahar in Castellón (-3.1%), the Costa Brava in Girona (-1.6% ) and the Costa Dorada de Tarragona (-1.1%). In addition, the Costa da Morte (A Coruña), the coastal areas of the four Canary Islands in the province of Santa Cruz de Tenerife, the Costa Verde (Asturias) and the Rias Baixas (Pontevedra) share a decrease of 0.9% , while in the Costa Calida (Murcia) prices remained practically stable, with a decrease of 0.1%.
The Balearic coast remains the area with the highest prices in April, with 3,273 euros/m2. It is followed by the coast of Guipuzcoa (3,147 euros/m2), the Maresme (2,370 euros/m2) and the coast of Biscay (2,365 euros/m2). Above 2,000 euros are also the Costa Brava (2,241 euros/m2) and the Costa del Sol (2,050 euros/m2).
La Mariña lucense is the coastal area where prices are the lowest in Spain, since the owners ask only 840 euros per square meter. The Costa da Morte is very close (992 euros/m2). The Costa del Azahar in Castellón has a price of 1,029 euros/m2, the Costa Tropical is at 1,086 euros/m2, while the Costa Cálida (Murcia) is at 1,151 euros/m2.
For this report, we have taken into account the data generated in the quarterly price report carried out by idealista in April 2021, analyzing only the coastal and tourist municipalities of each of the provinces.
Source: Idealista of May 14, 2021