Real estate prices in popular tourist destinations such as the regions of Madrid, the Baleric and Canary Islands keep rising. The province of Málaga also reached a new historic high, while prices in areas frequently called “empty Spain” are still struggling to recover. If you are looking to buy, sell, upgrade or relocate, this may be a good time to update yourself on Spanish real estate prices. These latest figures are from December of last year, 2022.
Find Your Spain has put together a set of graphics that we believe will be of interest to both current and prospective owners of Spanish real estate. These graphics are based on statistics compiled by Idealista.es, one of Spain’s most visited real estate websites. Our presentation covers all of Spain; mainland, islands and enclaves, and shows current average price levels by region and province.
While many regions have recovered to the tune of 75%-80% or more of their former highs, Murcia, Castile La Mancha and Aragón see themselves only recovering to between 65% and 70% of their former peaks. In the following graphics you will find details concerning current prices and status of price recovery not only on a regional but also on a per-province basis. The differences in pricing among provinces of the same region are sometimes quite substantial with some areas experiencing much higher demand than others. In other words, there may be bargains to be found in many regions and provinces and when looking for a new place (or selling your existing one), it all comes down to location, standard, indoor and outdoor space and more. Consult with your local realtor.
As for when the historic highs were reached, please see the graphic below.
If you are looking for further details, please follow this link to Idealista.es and click on the region and then province of interest to find more details about your local municipality. You will have to click on the button “Consult Report” after each choice to display the information.
Happy exploring!
Andalusia
–
Province avg.
Almería
Cádiz
Córdoba
Granada
Huelva
Jaén
Málaga
Sevilla
–
97.0%
62.6%
76.7%
68.8%
84.7%
70.6%
66.2%
100.0%
75.8%
Aragón
–
Province avg.
Huesca
Teruel
Zaragoza
–
69.3%
62.9%
82.2%
66.2%
Asturias
–
Province avg.
There is only one province in Asturias.
–
73.3%
–
Balearic Islands
–
Province avg.
There is only one province in the Balearic Islands.
–
100.0%
–
Basque Country
–
Province avg.
Álava
Guipúzcoa
Vizcaya
–
85.8%
90.4%
97.2%
81.2%
Canary Islands
–
Province avg.
Las Palmas
Santa Cruz de Tenerife
–
100.0%
97.6%
100.0%
Cantabria
–
Province avg.
There is only one province in Cantabria.
–
75.7%
–
Castile and León
–
Province avg.
Ávila
Burgos
León
Palencia
Salamanca
Segovia
Soria
Valladolid
Zamora
–
78.1%
69.3%
70.2%
72.8%
81.5%
78.3%
76.6%
78.5%
76.7%
70.6%
Castile La Mancha
–
Province avg.
Albacete
Ciudad Real
Cuenca
Guadalajara
Toledo
–
65.3%
71.6%
58.2%
73.3%
73.0%
62.0%
Catalonia
–
Province avg.
Barcelona
Girona
Lleida
Tarragona
–
90.7%
96.8%
91.6%
61.0%
71.4%
Extremadura
–
Province avg.
Badajoz
Cáceres
–
78.6%
76.9%
80.4%
Galicia
–
Province avg.
A Coruña
Lugo
Ourense
Pontevedra
–
76.9%
71.0%
61.0%
77.7%
86.3%
La Rioja
–
Province avg.
There is only one province in La Rioja.
–
79.6%
–
Madrid
–
Province avg.
There is only one province in Madrid.
–
99.6%
–
Murcia
–
Province avg.
There is only one province in Murcia.
–
65.5%
–
Navarre
–
Province avg.
There is only one province in Navarre.
–
87.4%
–
Valencia
–
Province avg.
Alicante
Castellón
Valencia
–
89.3%
97.3%
58.6%
67.8%
Ceuta and Melilla
–
Ceuta
Melilla
–
92.4%
97.8%
The featured image is by Frauke Riether, Pixabay.
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