Marbella in top ten priciest properties list

A new study reveals the location of some of the priciest and cheapest real estate in Spain. Where does your neighbourhood stand in the ratings?

Top of the list is the elegant street in Madrid called Calle Serrano, the home to all the top designer boutiques and luxury goods stores. A house or commercial premises along this street will cost a purchaser €10,900 per square metre. That equates to approximately €1,000,000 euros for a small 96.8 square metre house. 

Second on the list is Barcelona, where property on the thriving street of Paseo de Gracia, designed by Antoni Gaudí will set you back 8,450 euros per square metre.

Surprisingly, in third place is Calle Hernani in San Sebastian, near the world famous La Concha beach, which comes in at €6,400 per square metre.

And for all the Marbella residents that are reading, Puerto Banus was placed sixth on the overall priciest places to buy a house, where a property in the area will cost you €5,450 per square metre.

However, at the other end of the scale, the cheapest neighbourhood to buy a property right now in Spain is around Castellón in Valencia, where prices have plummeted to €300 per square metre, equivalent to 36 times cheaper than in Madrid’s Calle Serrano.

Tip Ten Priciest List 2014 (per square metre)

1. Calle Serrano, Madrid (€10,900)

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

3. Area around 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)