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The 20 most expensive neighborhoods in Spain to buy a house

Once again, Madrid is positioned as one of the cities with the highest housing prices.

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The 20 most expensive neighborhoods in Spain to buy a house

Once again, Madrid is positioned as one of the cities with the highest housing prices. The Castellana and Recoletos neighborhoods, both located in the Madrid district of Salamanca, reach 10,397 euros/m² and 10,141 euros/m², respectively. In this way, they are the most expensive neighborhoods in the capital and in the entire country, according to the analysis prepared by the real estate portal Fotocasa.

For its part, the province of Málaga, which has registered increases of more than 30%, enters the top 10 for the first time thanks to El Velerín (10,068 euros/m²), located in the municipality of Estepona, which is positioned as the third most expensive neighborhood in the country.

Thus, the prices of the most expensive neighborhoods in Spain quadruple the national average, which stood at 2,215 euros/m² in January, according to the real estate portal.

Among the most expensive neighborhoods in the country, Madrid's Lista (8,868 euros/m²), Goya (8,341 euros/m²), Almagro (8,070 euros/m²) and Sol (7,867 euros/m²) also stand out. They are followed by Romantic Area (7,947 euros/m²), in the center of San Sebastián, and Justicia - Chueca (7,754 euros/m²), in Madrid, which complete the list of the 10 neighborhoods with the highest prices to buy a home.

Likewise, the neighborhood of Finestrelles, located in Esplugues de Llobregat, stands out, which is the eleventh most expensive neighborhood, reaching 7,655 euros/m². He is followed by Jerónimos from Madrid (7,540 euros/m²); Jesús (7,515 euros/m²), in the Balearic municipality of Santa Eulària des Riu; Universidad-Malasaña from Madrid (7,416 euros/m²); the Mallorcan Cas Català (7,375 euros/m²); the Ibizan Marina Botafoc (7,251 euros/m²) and the Madrid Trafalgar (7,206 euros/m²).

It is striking that, unlike previous years, Barcelona does not make it into the top 10. In fact, you have to wait until 17th in the ranking to see the Dreta del Eixample, with a price of 7,092 euros/m².

For their part, the list closes: Playa Arenal - Bol, in the municipality of Calpe, Alicante, where the square meter reaches 7,049 euros/m²; the Mallorcan Sant Nicolau (7,022 euros/m²); and the Madrid-based El Viso (7,013 euros/m²).

"These areas bring together the most exquisite homes in the Spanish park, in which the purchase price does not go below 800,000 euros. That is if we take into account a home of about 80 m², but normally the properties located in these prime neighborhoods usually exceed the 100 m²," says María Matos, Director of Studies and spokesperson for Fotocasa.

"Madrid, Barcelona and the coastal cities of southern Spain are the cities that host the most inhabitants in our country. Precisely because they offer a greater concentration of job opportunities, sociocultural variety and tourist attractions, which is a great attraction to reside in them "These factors encourage demand and push prices up," adds this expert.

In addition to leading the ranking, Madrid has a total of 11 neighborhoods in the top 20 and some of them have seen the biggest price increases. Among the twenty most expensive neighborhoods, those that register the highest year-on-year increase are Madrid's Lista, which records an increase of 28.1%, and Universidad-Malasaña, with an increase of 24.6%, in addition to Jerónimos and Justicia Chueca , with a growth that is around 22%.

In the province of Málaga, Martín Carpena - Torre del Río (5,777 euros/m²), in Málaga capital, and Nueva Alcántara (5,464 euros/m²), in Marbella, stand out, registering a year-on-year increase of 34.9% and 36. 5%, respectively. Also significant are the increases in the neighborhoods La Malagueta - Monte Sancha (6,378 euros/m²), Centro Historico (5,342 euros/m²) and Los Naranjos (5,391 euros/m²), which are between 20% and 25%. .

The case of the province of the Balearic Islands also stands out, which adds a total of four neighborhoods to the list of the twenty most expensive neighborhoods: Jesús, located in the municipality of Santa Eulària des Riu, with a price of 7,515 euros/m², and Cas Català - Illetes, in Calvià, with 7,376 euros/m², as well as Marina Botafoc - Platja de Talamanca (7,251 euros/m²), Ibiza, and Sant Nicolau (7,022 euros/m²), Palma de Mallorca.

Likewise, several neighborhoods in Palma de Mallorca, located in the Ponent district, exceed 6,000 euros/m². This is the case of Son Espanyolet, La Bonanova and Sant Agustí, where the square meter rises to 6,303 euros/m², 6,250 euros/m² and 6,158 euros/m², respectively.

In the Basque Country, San Sebastián also exceeds 6,000 euros/m² in prime neighborhoods. Thus, Gros (6,809 euros/m²), Antiguo (6,557 euros/m²) and Amara Zaharra - Arbaizenea (6,452 euros/m²) represent, in addition to the aforementioned Romantic Area, the most expensive in the city. In Zarautz, the price per meter reaches 6,029 euros/m². Above 5,000 euros/m², some neighborhoods in Bilbao stand out, such as Abandoibarra - Guggenheim (5,776 euros/m²) and Campuzano (5,257 euros/m²), and in San Sebastián, such as Parte Vieja (5,821 euros/m²), Egia (5,259 euros/m²) and Amara (5,126 euros/m²). Alango, in Getxo, also reaches 5,120 euros/m².

In the case of Andalusia, several Malaga neighborhoods are among the most expensive in the country: Lomas de Marbella Club - Puente Romano (6,963 euros/m²), in Marbella, La Malagueta - Monte Sancha (6,378 euros/m²), in Malaga, El Higuerón (6,274 euros/m²), in Fuengirola, and La Quinta (6,239 euros/m²), in Benahavís.

In Barcelona, ​​Diagonal Mar and the Poblenou Waterfront, Pedralbes, Sarrià and Les Tres Torres, they reach 6,889 euros/m², 6,681 euros/m², 6,624 euros/m² and 6,156 euros/m², respectively. Diagonal Mar and the Poblenou Waterfront, which last year was located, together with the aforementioned Eixample neighborhood, among the ten most expensive neighborhoods in Spain with a price of 8,352 euros/m2, has registered a drop of 10.7% .

Among the neighborhoods of Barcelona, ​​the year-on-year increase in La Barceloneta (€5,320/m²), in the Ciutat Vella district, which is 8.2%, and in El Camp d'en Grassot and Gràcia Nova (€5,250/ m²), in the Gracia district, which reaches 15.4%. In addition, the municipalities of Badalona and Castelldefels exceed the barrier of 5,000 euros/m² in the most expensive neighborhoods: this is the case of the neighborhood of Port, which registers a price of 5,123 euros/m², and Baixador, which reaches 5,105 euros /m².

In the province of Santa Cruz de Tenerife, the most expensive neighborhoods exceed 5,000 euros/m². This is the case of San Eugenio Bajo (5,313 euros/m²), Playa Fañabé Alto (5,239 euros/m²), both located in the Costa Adeje district, and Playa de las Américas (5,215 euros/m²), in Arona. In Playa de San Juan, in the Guía de Isora municipality, an interannual variation of 53.9% was recorded, reaching 4,918 euros/m².

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