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The 25 most expensive and sought-after places to buy property in Spain

The Local Spain
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The 25 most expensive and sought-after places to buy property in Spain
Benahavís in Malaga is the most expensive place to buy in Spain. Photo: M. Pilar Fernández / Pixabay

If you're thinking of investing in a home in Spain you may be interested in finding out which locations are the most in demand and where properties are most likely to increase in value in the years to come.

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A new report from the Spanish property giants Idealista has revealed the top 25 most in-demand and most expensive places in Spain to buy a property in 2022.

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Most expensive places to buy property in Spain

Benahavís, just west of the city of Málaga is revealed to be the most expensive municipality in Spain for buying a home in Spain at an average price of €1,866,894.

Close behind that is the municipality of Calvià in Mallorca with an average price of €1,504,382 and then Marbella at €1,307,978. All other areas in Spain have properties with an average price of under €1 million.

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In fact, the municipalities in Málaga and the Balearic Islands are mentioned nine times in the list of the top 25 most expensive places to buy in the country.

Behind these are Sotogrande (more than €919,000), in Cádiz; Jávea (€790,000) and Altea (€688,000), both in Alicante, along with Sitges (almost €721,000), and Casteldefells (€663,000), both in Barcelona.

For the first time, a provincial capital - Palma (€575,000), is among the 10 most expensive places, along with Llucmajor (€620,500) also in Mallorca.  

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Behind the Balearic capital, other big cities include San Sebastián at number 12 with an average of €551,500; Madrid at 17, with €421,000; Barcelona at number 19, with €374,000.  

Most sought-after places to buy in Spain

The most expensive places are not necessarily the most in-demand municipalities to buy in Spain though. The top of this list unsurprisingly goes to the Spanish capital of Madrid.

Behind this are Las Palmas de Gran Canaria and Santa Cruz de Tenerife, both in the Canary Islands. These are followed by Alcalá de Henares (also in Madrid), Zaragoza, Valencia, Sevilla, Parla (in Madrid) and San Sebastián.

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The major cities of Málaga, Barcelona, Palma de Mallorca and Alicante also feature in the top 25 places people want to buy in Spain. Smaller towns within the Barcelona province are also listed three times within the top 25 spots.  

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