Buy a house on the beach is 5.7% more expensive today than a year ago: here are the prices on the coast

Buy a house on the beach is 5.7% more expensive today than a year ago: here are the prices on the coast

The sale price of homes on the Spanish coast has grown by 5.7% over the past year, to stand at 1,727 euros per square meter, according to a study published Wednesday by Idealista.

Homes located on the Costa del Sol are the most expensive in the last year, with an increase of 9.9%. It is followed by the coastal municipalities of the Balearic Islands, with a variation of 9.3%, and the coast of Santa Cruz de Tenerife, with an increase of 6.3%.

Next are the homes located on the Costa del Maresme (Barcelona), with a price spike of 4.6%, and the Costa Cálida (Murcia) and the Costa de Valencia, with an increase of 4.1% in both cases.

With price increases of less than 4%, there are dwellings on the Costa Blanca in Alicante (+3.7%), the Costa de Las Palmas (+3.6%), the Rías Baixas (+3.2%) and the Costa de Almería (+3.1%).

However, according to idealists, homes located on the Cantabrian coast still record year-on-year falls in their prices. The greatest decrease occurred in the Mariña lucense (-6.5%), followed by the Costa da Morte in A Coruña (-1.1%), the Biscayan coast (-0.7%) and the Costa Verde in Asturias (-0.6%). In all other Spanish coastal areas, prices increased.

The Balearic coast remains the area with the highest prices, with 3,144 euros per square meter. It is followed by the coast of Gipuzkoa (2,972 euros per metre), Maresme (2,368 euros per metre) and the Costa Brava (2,250 euros per metre).

Above 2,000 euros are also the Biscayan coast (2,204 euros per square meter) and the Costa del Sol (2,030 euros per meter).

The Economist

 



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