Marbella Ranks in Top Ten most Expensive Places for Property

A recent property review highlights the location of some of the most expensive and the cheapest property in Spain.

The most sought after property on the list is the elegant street in Madrid known as Calle Serrano, the very hub of all the top designer shops and luxury goods stores. A residence or commercial premises along this street will put you back 10,900 € per m². which equates to, approx. 1,000,000 €, for a small 96.8 m² house.

Next on this list is Barcelona, the bustling street of Paseo de Gracia, designed by the famous  Antoni Gaudí will cost 8,450 € per m².

Bizarrely, at number 3, Calle Hernani in San Sebastian, close to the world famous La Concha beach would be 6,400 € per m².

As for Marbella, Puerto Banus ranked at 6th on the overall pricey places to purchase a residence, where a property in the area will set you back 5.450 € per m².

However on the flip side of the scale, the least pricey neighbourhood to purchase a property currently in Spain is around Castellón in Valencia, where prices have dropped to 300 € per m², equivalent to 36 times cheaper than in Madrid’s Calle Serrano.

Top 10 Priciest List 2014 (per m²)

1. Calle Serrano, Madrid (€10,900)

2. Catalonia: Passeig de Gràcia, Barcelona (€8,450)

3. Area surrounding Calle Hernani (Hernani Kalea), San Sebastian (€6,400)

4. El Sardinero neighbourhood, Santander (€6,350)

5. Abandoibarra Etorbidea/Plaza de Eusaki, Bilbao (€5,500)

6. Puerto Banús, Marbella (5.450 )

7. Paseo Sarasate/Primer Ensanche, Pamplona (€4,950)

8. Area around Calle Santigo, Plaza Universidad and Plaza España, Valladolid (€4,700)

9. Paseo de los Fueros, Megapark and Bec, Barakaldo (€4,500)

10. Paseo Maritimo, Cádiz (€4,500)