Spain’s most expensive street just revealed itself, and it’s not where you would expect

A single road in a small Mallorcan town now charges more for one house than an entire Spanish village charges for dozens. Homes on Camí des Salinar in Andratx average €15 million each, while on the other end of the spectrum, the cheapest properties in Spain can be found in a village in Córdoba of under 4,000 people that go for around €33,000.

Property portal Idealista’s latest study of Spain’s priciest streets names Camí des Salinar as the country’s most expensive address, overtaking every street in the capital and on the Costa del Sol. The road sits just outside Andratx, a town on Mallorca’s south-western coast known for its marina and hillside villas. Owners there are asking an average of €15 million per property, according to the study, based on listings currently on the market. 

Andratx takes the crown from the Costa del Sol

Second place goes to Paseo de los Lagos, in the exclusive La Finca estate in Pozuelo de Alarcón outside Madrid, where homes average €11 million. Third is Coto Zagaleta in Benahavís, Málaga province, at €10.5 million, the same street that topped Idealista’s rankings as recently as this spring.

The shift shows how quickly Spain’s ultra-luxury market can move. A change in asking prices on a single road, or a handful of new listings, is enough to rewrite the national order at this end of the market.

Madrid climbs to four entries as Barcelona vanishes

Madrid now places four streets in the top 10, its strongest showing yet, including La Moraleja’s Paseo del Conde de los Gaitanes at €8.9 million, plus Calle Serrano and Calle José Ortega y Gasset, both averaging €6.95 million. 

Barcelona, meanwhile, disappears from the list completely. Avenida Supermaresme, in Sant Andreu de Llavaneres, had ranked among Spain’s most expensive streets in recent years but falls outside the new top 10. 

Mallorca supplies three more of the top spots, all in Palma’s Son Vida neighbourhood, while Marbella accounts for the rest.

€15 million versus €33,000: the country’s other extreme

A separate Idealista report, based on listings up to the end of June, found Spain’s cheapest place to buy a home is Fuente Obejuna, a village of fewer than 4,000 people in Córdoba province, where property costs an average of €369 per square metre. A typical 90 square metre home there would cost around €33,000, some 450 times less than a single house on Camí des Salinar.

That price is 87 per cent below the Andalucía regional average and far under Spain’s national average of €2,823 per square metre in June. Other villages near the bottom of the list include Pedro Muñoz in Ciudad Real, at €377 per square metre, and Bembibre in León, at €441.

Idealista put the low prices down to falling populations, ageing residents and scarce local jobs in these inland areas, rather than any of the demand pressures shaping the coast.

Why almost eight in ten buyers on Andratx’s priciest road are foreign

A separate report on Spain’s luxury housing market, commissioned by insurer Hiscox and produced by consultancy Catella, helps explain why a Mallorcan road now outprices the capital. It found foreign buyers account for 60 per cent of demand for Spain’s ultra-luxury homes, with prices in that segment rising 30 per cent over the past five years. In Andratx specifically, 79 per cent of luxury sales go to buyers from abroad, and in Benahavís the figure is 84 per cent. Madrid tells a different story though, where only around 14 per cent of luxury transactions in the capital involve foreign buyers, suggesting its top-end demand remains largely domestic.

Between a Mallorcan road drawing international money and a Córdoba village losing residents, the same set of figures traces two very different versions of Spain’s real estate map.