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All you ever wanted to know about the top 20 Spanish Cities real estate markets – including price evolutions

16 Oct
2017

Automatic translation from Google translate:

All you ever wanted to know about the top 20 Spanish Cities real estate markets

 

Here is a summary of all our resources that we have created in 2017 on the 20 biggest Spanish cities in order to help you be more efficient in your search for your ideal property in Spain. We ended this week our series of 21 papers on all the main Spanish cities with our paper on Castellón. Since March 2017, we wrote 21 specific papers we are very proud of this work!

 

Have a look at the real estate price evolution for all the 18 Spanish regions since 2005 (€/m²):

As you can see on this chart, Spanish real estate prices (thick orange line) got its lowest price point in early 2014 since the crisis of 2008. Since early 2014, real estate prices are rebounding and reached on average 1530€/m² as of June 2017.  If you look at prices in general, yes we can talk again about growth but if you compare those to the levels of 2008 or to European real estate prices, you can still find bargains. Furthermore, you surely noticed that most of the prices are lower than the prices of early 2005, as it is the case for Spain when prices were at 1680€ per square meter. The market in Spain is divided into two groups: the regions where prices are increasing again: mainly, Barcelona, Madrid and the Balearic Islands and all the other regions where the prices have stabilized or are increasing modestly.

The market in Spain is divided into two groups since 2014: the regions where prices are increasing again: mainly, Barcelona, Madrid and the Balearic Islands and all the other regions where the prices have stabilized or are increasing modestly.

The five regions with prices above the national average are the Basque Country (2397€/m² as of June 2017), the Community of Madrid (2264€/m² as of June 2017), the Balearic Islands (2208€/m² as of June 2017), Catalonia (1834€/m² as of June 2017) and Ceuta and Melilla (1668€/m² as of June 2017).

 

It is really easy to buy a property in Spain but, because you are not on the ground, because you don’t know the market and because you need to check your property in order to avoid any nasty surprise, we advise you not to do it alone. We are foreigners and Spanish residents who bought properties in Spain and we developed a network of reliable partners in order to assist foreigners in their purchases of a Spanish property.

 

1. Best Professionals 2. Follow up 3. Competitive pricing 4. Partners 5. Qualitative Check

Don’t forget, if you are buying in Spain as a foreigner, you could have two different motives:

  • Pleasure
  • Investment

or the two combined. Depending on what is (are) your own motivation (s) your criteria will be different.

 

90% of foreigners are looking for beaches, sea and sun…

Rember our infographic on why people are buying a property in Spain:

Why should you buy a second home in Spain? Infographic

So it’s not a surprise to have as the top 4 buying destinations Cities in Spain for foreigners: Alicante, Malaga, Barcelona and Madrid (the exception, but yes it’s the capital and the 3rd biggest city in Europe).

The top Regions where foreigners are buying real estate are the Valencian Community, Andalucia, Catalonia and the Canary and the Balearic Islands. Madrid is the last Region. Have a look at our infographic with the data of 2016. Foreigners bought 77500 properties, i.e. 17% of all the transactions that took place in Spain during the last year.

 

Where are foreigners buying in spain? Infograhic

 

After those quick reminders on the Spanish market, let’s finally get to the core of our paper: find all resources sorted per city with the evolution of the price per square meter of all the different cities for the last 20 years!

All you ever wanted to know about the 20 biggest Spanish cities from Alicante… to Zaragoza: 

Alicante, Almeria, Barcelona, Bilbao, Cadiz, Castellon, Girona, Ibiza, Las Palmas de Gran Canaria, Madrid, Málaga, Palma de Mallorca, Murcia, Santa Cruz Tenerife, Sevilla, Sitges, Valencia, Valladolid, Zaragoza

 

Alicante

Check the real estate price evolution for Alicante since 1995

Almeria

Check the real estate price evolution for Almeria since 1995

Prices in Almeria remain on average 25% lower than the national average and close the lowest reached since the crisis of 2008.

Barcelona

Check the real estate price evolution for Barcelona since 1995

Bilbao

 

Cadiz

Check the real estate price evolution for Cadiz since 1995

Castellon

Check the real estate price evolution for Castellon since 1995

Girona

Check the real estate price evolution for Girona since 1995

Ibiza

Check the real estate price evolution for the Balearic Islands since 1995

Las Palmas de Gran Canaria

Check the real estate price evolution for the Gran Canaria since 1995

Madrid

Check the real estate price evolution for Madrid since 1995

Málaga

Check the real estate price evolution for Málaga since 1995

Palma de Mallorca

 Real Estate prices in Mallorca are 40% higher than the national average and rebounded by 15% since 2008.

Murcia

Check the real estate price evolution for Murcia since 1995

Santa Cruz Tenerife

Check the real estate price evolution for Tenerife since 1995

Sevilla

Check the real estate price evolution for Sevilla since 1995

Sitges

Check the real estate price evolution for Barcelona since 1995

Valencia

Check the real estate price evolution for Valencia since 1995

Valladolid

Check the real estate price evolution for Valladolid since 1995

Zaragoza

Check the real estate price evolution for Zaragoza since 1995

 

Do you want to have more tips on the Spanish market before buying your property in Spain? Check our reports:

Our reports on how to buy a property in Spain

 

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Looking for an expert in Spain? Ask us directly!

 

 

 

 

 

Stéphane 

Senior analyst and strategist at HTBIS

Check the full HTBIS team here

Source: Ministerio de Fomento

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