What are the current prices per square metre in each area?
Currently, the cost of housing in Spain is causing a lot of debates due to the fluctuations in prices per square metre. Additionally, the opening of new businesses by national and international start-ups is a key factor behind the fluctuations in prices per metre squared in specific areas.
What is the price per square metre in Madrid?
Madrid has experienced one of the most significant developments in relation to buying and
selling. This growth has placed it among the top-ranking positions in terms of price
increases per square metre per area in Spain for both residential and commercial
premises. The areas from highest to lowest increases are:
● Recoletos, with an average of €8,000 per m².
● Castellana and surrounding areas, at €7,000 per m².
● San Cristóbal, San Andrés and San Blas, which have an estimated price of €1,500
m².
The price increase per square metre in Madrid is around €3,000 m². Although it is the capital
of Spain, it has grown more than other Spanish cities.
If you’re interested in buying a property in this city, follow this link to our developments in
Madrid.
H2: What is the price per square metre in Barcelona?
The average cost of housing in Barcelona has become more stable over the last few years,
during which time it has only increased by 1%. However, the price of housing has gradually
increased yet again in the first trimester in areas such as Gracia and Sarria-Saint Gervasi.
Nowadays, building companies prefer to protect certain architectural features and
regenerate the most iconic areas, such as Poble Sec and Parlamento. In fact, the new
measures being taken in Barcelona to promote the city are focused around developing and
renovating older buildings.
Although the price per square metre in Barcelona is €3,900 per m², the following areas
are most sought-after among buyers:
● Ciutat Vella: this is one of the most popular districts, as it is one of the oldest and is
home to the Gothic quarters and la Barceloneta neighbourhood. Its price is as high
as €4,200 per m².
● Sants-Montjuïc: one of the largest areas in the city and is formed by the port and
Montjuic mountain. The price per square metre for this area is €3,300 per m².
If you’re interested in buying a property in this city, follow this link to our developments in
Barcelona.
What is the price per square metre in Valencia?
Valencia has a total of eleven districts, making it one of the largest cities in Spain. Last year the price per square metre increased by 2%, which means that the housing market in Valencia is better balanced than last year in relation to property sales. The following table shows the areas that have had increases:
| Area | Price |
| L’Eixample | €3,000 per m² |
| Ciutat Vella | €2,900 per m² |
| Pla del Real | €2,500 per m² |
| Benicalap | €1,300 per m² |
| Rascanya | €1,100 per m² |
In Valencia, property sales are predicted to grow by 1.5% in comparison with the previous year, making it a good investment opportunity for property developers.
If you’re interested in buying a property in this city, follow this link to our developments in Valencia.
What is the price per square metre in Malaga?
Malaga has undoubtedly been transformed into one of the most prosperous cities in many ways. This is due to the fact that it is in one of Spain’s warmest and sunniest regions. National and international tourism is one of the main factors behind the increase in price per square metre in the different areas of Malaga. The most highly sought-after areas are:
- The city centre: this is the most expensive area. The price in Plaza de la Merced is stipulated at €3,000 per m².
- Distrito oeste: the Teatinos university campus is located here, so it is very popular among students. The average price is €2,100 per m².
- Northern District: close to the Montes de Malaga and one of the larger areas of the city. The price is among some of the lowest, at €1,500 per m².
Malaga is an Andalusian city that has grown most in economic terms over the last few years, which makes it a prime candidate for the future of Spanish real estate.
If you’re interested in buying a property in this city, follow this link to our developments in Malaga.In summary, experts say that these types of variations in price per square metre are due to the degree of increase in growth in areas of the same city and other variables, such as an increase in population density.
