10 neighborhoods where housing prices have risen the most since the pandemic
10 neighborhoods where housing prices have risen the most since the pandemic
Real estate prices in Spain are starting to rise again, but growth varies greatly from neighborhood to neighborhood. Learn about the most popular places with the highest demand and the steepest price increases!
The consequences of the Covid pandemic for the housing sales market seem to be behind us, and prices are starting to rise again, however the growth dynamics differ greatly depending on location.
Most of the ten neighborhoods with the highest price growth are located in Andalusia, according to Idealista. This analysis compares prices from September 2019 with prices from September 2021 (the same month was chosen to exclude seasonal fluctuations).
First place goes to the Las Salinas neighborhood in Roquetas de Mar, where housing prices rose by 46.3% over two years. Second place goes to Golf Guadiana in Badajoz with a 41.4% increase, which is very close to the figures for La Concepción neighborhood in Cartagena (41.3%) and Nagüeles in Marbella (41.2%).
Fifth place goes to El Caño-Maracaibo in Las Rozas de Madrid, where prices rose by 39.6%. This is followed by three neighborhoods in Málaga province: Las Brisas (38.1%) and Bello Horizonte-Lindasol (34.1%) in Marbella, Guadalmansa (33.8%) in Estepona. The ranking is completed by Juan XXIII in Alicante (30.4%) and Génova in Palma de Mallorca (29.5%).
Which neighborhoods are the most expensive in each region of Spain?
The study also analyzes which neighborhoods in each autonomous community experienced the highest price growth. Thus, in Andalusia, the neighborhood with the highest housing price growth is Las Salinas in Roquetas de Mar (46.3%); in Aragon — Miralbueno-Bombarda in Zaragoza (22%); in Asturias — El Coto in Gijón (17.8%); in the Balearic Islands — Génova in Palma de Mallorca (29.5%); in the Canary Islands — Buenavista-Chapatal in Santa Cruz de Tenerife (25.8%); in Cantabria — Oruña in Piélagos (24.9%); in Castile-La Mancha — Tres Olivos-La Piedad in Talavera de la Reina (29.1%); in Castile and León — Anduva-Miranda Sur in Miranda de Ebro (16.7%); in Catalonia — Poble Nou in Terrassa (24.5%); in the Valencian Community — Juan XXIII in Alicante (30.4%); in the Basque Country — Achuri in Bilbao (20.9%); in Extremadura — Golf Guadiana in Badajoz (41.4%); in Galicia — Casco Vello in Vigo (23.3%); in La Rioja — Cascajos-Piqueras in Logroño (9.4%); in Madrid — El Caño-Maracaibo in Las Rozas (39.6%); in Murcia — La Concepción in Cartagena (41.3%); and in Navarre — San Jorge in Pamplona (21.7%).
TOP-10 Spanish neighborhoods where housing prices have risen the most since the pandemic
| Neighborhood | Autonomous Community | Province | Municipality | Price (€/sq. m) | 2021 vs 2019 (%) |
|---|---|---|---|---|---|
| Las Salinas | Andalusia | Almería | Roquetas de Mar | €1,870 | 46.3% |
| Nagüeles | Andalusia | Málaga | Marbella | €3,440 | 41.2% |
| Las Brisas | Andalusia | Málaga | Marbella | €4,537 | 38.1% |
| Bello Horizonte-Lindasol | Andalusia | Málaga | Marbella | €2,905 | 34.1% |
| Guadalmansa | Andalusia | Málaga | Estepona | €3,751 | 33.8% |
| Génova | Balearic Islands | Balearic Islands | Palma de Mallorca | €5,584 | 29.5% |
| Juan XXIII | Valencian Community | Alicante | Alicante | €713 | 30.4% |
| Golf Guadiana | Extremadura | Badajoz | Badajoz | €1,014 | 41.4% |
| El Caño-Maracaibo | Madrid | Madrid | Las Rozas de Madrid | €3,228 | 39.6% |
| La Concepción | Murcia | Murcia | Cartagena | €1,317 | 41.3% |
The most expensive neighborhoods in Spain
The most expensive places are naturally located in Madrid. The Recoletos neighborhood in the capital has the highest average price in the country, reaching 8,448 euros/sq. m. Next is also a classic among the most exclusive neighborhoods in the country: the Miraconcha neighborhood in San Sebastián with a price of 7,251 euros per square meter. Third place goes to Jerónimos in Madrid (6,917 euros/sq. m), followed by Area Romántica in San Sebastián (6,869 euros/sq. m).
Next come 3 Madrid neighborhoods: Castellana (6,861 euros/sq. m), Almagro (6,545 euros/sq. m) and El Viso (6,421 euros/sq. m). Pedralbes is the first Catalan neighborhood in this ranking (6,125 euros/sq. m), followed by Lista in Madrid (5,963 euros/sq. m) and Les Tres Torres in Barcelona (5,959 euros/sq. m).