A square meter costs 8,683 euros in the most expensive area of Spain.
"The city of San Sebastian has held the top position for many years as the most expensive city to buy a house, although in some cases this position is taken over by the city of Ibiza. Currently, San Sebastian has an average price of 5,576 euros per sq. m. And taking into account that the average price in Spain is 1,883 euros per sq. m., the price in San Sebastian is 196% higher than the average in Spain," explains Maria Matos, Director of Research at Fotocasa.
More than 7,000 euros per sq. m.
Recoletos located in Madrid is the most expensive area in the country with the sale price of 8,683 euros per sq. m., according to the real estate portal Fotocasa. It is followed by the Área Romántica in the center of San Sebastián with a price of 7,786 euros per sq. m., followed by the areas of Sarrià and Ciutat Vella in Barcelona, where the price reaches 7,387 and 7,014 euros per sq. m., respectively.
More than 6 000 euros per sq. m.
In Barcelona, Diagonal Mar and Front Marítim del Poblenou (6,975 euros per sq. m.), Pedralbes (6,435 euros per sq. m.) and Sant Gervasi-Galvany (6,056 euros per sq. m.) are among the most expensive areas in Spain with a price above 6,000 euros per sq.m. The districts of Castellana (6,995 euros per sq. m.), Jerónimos (6,579 euros per sq. m.) and Almagro (6,305 euros per sq. m.) are located in Madrid. In San Sebastian, the districts of Parte Vieja and Gros reach 6,336 euros and 6,136 euros per sq. m., respectively. In general, San Sebastian, Madrid and Barcelona are the most expensive cities in Spain to buy a house, and they are located in the areas with the highest housing prices. However, all major cities have premium-class areas.
More than 4,000 euros per sq. m.
If we analyze other major cities in Spain, Bilbao, Palma de Mallorca, Malaga and Santander are also positioned as one of the most expensive cities in the country to live in, exceeding 4,000 euros per sq. m. in the most expensive areas. The districts of Abandoibarra-Guggenheim (4,945 euros per sq. m.), Ensanche-Moyua- Diputación (4,854 euros per sq. m.) and Campuzcano (4,844 euros per sq. m.) are situated in Bilbao. As for Palma, the central areas of Sindicat (4,919 euros per sq. m.) and Llotia Sant Jaume (4,752 euros per sq. m.) have the highest prices in the city. In Malaga, the districts of La Malagueta-La Caleta and the Historic Center reach prices of 4,679 and 4,156 euros per sq. m., respectively. El Sardinero in Santander is the most expensive area with a sale price of 4,357 euros per sq. m.