Since the publication of the program to obtain a Spain Golden Visa by Buying Real Estate in Spain In 2013, real estate investors began to turn their attention to real estate in Spain, but is real estate investment in Spain profitable and does real estate in Spain increase in value?

 

According to the site Trading Economy Real estate prices in Spain have seen residential increased by 7% in the second quarter of 2022 compared to the same period of the previous year 2021.

 

So in our article today, we will talk about real estate prices in the most important cities of Spain and what are the expectations of the real estate market trends in Spain in the coming period. 

 

Average house prices in Spain: 

 

As of the end of March 2022, the average price of real estate in Spain reached €1,734 per square meter, which means that real estate in Spain increased in value by 6.7% compared to the previous year and 2.4% compared to just the last quarter of 2021.  

 

This is indicative of the recovery of the real estate market in Spain, especially around the end of the Covid-19 pandemic, when the real estate market started to pick up again, with a 38% increase in the number of home sales. 

 

Real Estate Prices in Spain in the top five cities:

 

1- Madrid: 

Madrid is the capital and largest city of Spain. Madrid is one of the most strategically, culturally, and economically important cities in Europe. It is the seat of the Spanish government, the royal family, and the most important and largest Spanish companies.

At the end of the previous year 2021, the average price per square meter of real estate in Madrid reached 2.846€. which is 64% higher than the average price in the whole of Spain.

 

2- Barcelona:

Barcelona is the second largest and most important city in Spain after Madrid. is one of the most important industrial cities in the world and is an important commercial and tourist city.

The average real estate price in Barcelona is €2,536 per square meter, which is higher than in the whole of Spain by 46%.

 

3- Malaga: 

Málaga is a province in Spain located in the southern part of the country on the Costa del Sol famous Sol. Málaga contains several cities, most notably the city of Marbella Spain, which is one of the most important and most beautiful tourist cities in Spain and one of the most important real estate investment areas there, as it is characterized by its geographical and strategic location near the Strait of Gibraltar, which connects the European and African continents to each other and Málaga International Airport.

According to the latest statistics, the average real estate price in the province of Málaga is 780.855€ While the average price per square meter of real estate in Marbella was 1,591,463 €.

 

Advantages of buying real estate in Spain Marbella:

• It is considered the new destination in the real estate market in Spain and even in the whole of Europe; thanks to its luxury real estate and various high-end services, it has attracted many businessmen and celebrities around the world.
  businessmen and celebrities around the world to it, and it has also become the focus of attention of more tourists and investors to take it as a center for their residence or investments.
• Its privileged location on the Mediterranean Sea, specifically on the Costa del Sol is characterized by its mild Mediterranean climate and 360 days of sunlight per year.
• Globally connected, thanks to its proximity to Málaga International Airport, which provides access to 115 destinations around the world. 
• The variety of residential options, including villas, penthouses, duplexes, and apartments, with different styles and varying prices to suit all tastes and needs. 
• The diversity of recreational services; Marbella is the meeting place of the wealthy and high society thanks to the diversity of high-end recreational destinations such as golf courses, spa centers, many beaches, and the availability of many water activities throughout the year, in addition to containing many monuments. 
•  A center of business diversity; Marbella has many small and medium-sized businesses owned and operated by expatriates from all over the world. 
• Opportunity to get a Golden Residency in SpainIf a property is purchased in Marbella or in any other region of Spain with a value of at least 500 thousand euros. With the opportunity to convert the golden residency into permanent residency after five years of residence in Spain, or Spanish citizenship after residing in Spain for ten years.

4- Granada:

Granada is ranked 13th as the largestlargest metropolitan areas in SpainPanama, and contains many historical monuments, the most famous of which is the Alhambra.

The average Price per square meter for a property in Granada 1200€1,200 This is 31% lower than the overall average price in Spain.

5. Valencia:

Valencia or Valencia is Spain's third largest city and one of the busiest cities in Southern Europe. The average real estate price in Valencia is 1,271€1.271 per square meter, 36.4% lower than the total average house prices in Spain.

 

Spain real estate price statistics for the year 2021-2022:

• The top three cities in Spain in terms of their real estate market performance during the end of the previous year 2021 wereMurcia Murciaand Lleida Lleida.
• The five cities with the highest real estate prices in Spain in 2021 were Tarragona TarragonaGirona GironaBalears BalearsMálaga Málaga and Madrid Madrid.
• The most expensive real estate markets in Spain as of March 2022 were in the cities of Madrid and Gipuzkoa Gipuzkoa and Baleares, with Málaga ranking ninth in terms of the most expensive markets at 9.8%.
• The cheapest real estate in Spain was in Ciudad Real Ciudad RealCuenca CuencaTeruel Teruel.
• Andalusia ranked first in terms of the most active real estate markets in Spain for the previous year 2021, followed by Catalonia Cataluña Valencia, Madrid, Madrid, and Barcelona Barcelona.
• Málaga ranked fourth with the fastest growth in its real estate market after Ballerías, Cáceres Cáceresand Castellón Castellón.

 

Spain Real Estate Price Forecast 2022-2023: 

According to global economic models and analyst forecasts from Trading Economy regarding the price of real estate in Spain, the price per square meter of a house in Spain is expected to reach €1,775 until the end of the middle of this year.

 Over the long term, house prices in Spain are expected to trend around €1,801 per square meter in 2023 and €1,819 in 2024. 

 

In short, the real estate market in Spain is one of the most stable and safe markets and is almost risk-free compared to some European countries, making it an attractive market for long-term investment, as well as the opportunity to obtain a Spain Golden Visa and enjoy the rights to reside in Spain and work legally and freely.