Top 7 Spanish Capital Cities with the Highest Interest in Home Purchases
The Spanish residential market continues to show signs of strain, with cities experiencing high demand and a limited supply unable to meet it. Madrid once again leads the ranking of cities with the greatest pressure from demand on the supply listed on Idealista during the third quarter for home sales, followed by Zaragoza and Santa Cruz de Tenerife. These cities, along with four others, occupy the top seven positions, including populous cities such as Valencia, Las Palmas de Gran Canaria, Barcelona, and Seville.
These cities are attracting the most interest, resulting in average sale prices exceeding €600,000 and €460,000, respectively, in Madrid and Barcelona. Also appearing in the top 10 is another provincial capital, A Coruña, among the first non-capital cities on the list, such as Santa Coloma de Gramanet (8) and Gijón (10).
Within the top 25 positions in the ranking, provincial capitals continue to dominate, once again standing out for their relative demand in the housing market, such as Santander (12), Valladolid (14), Vitoria (15), Tarragona (16), Oviedo (17), San Sebastián (18), Almería (20), and Palma (21).
The remaining positions in the top 25 are filled by several cities that are not provincial capitals, also reflecting the high demand in metropolitan areas of major cities. These include Hospitalet de Llobregat (11), Badalona (13), and Terrassa (25), all located near Barcelona, along with the aforementioned Santa Coloma; and Gandía (19), in the province of Valencia. Dos Hermanas (24), in Seville; El Puerto de Santa María, in Cádiz; and Reus, in Tarragona.
A total of 36 provincial capitals appear in this ranking of demand for buying and selling properties on idealista, compiled by idealista/data, among markets with more than 1,000 listings published during the analyzed quarter and with average prices exceeding €1,000/m².
Up to nine destinations have an average price exceeding €1 million.
Once again, some of the most expensive locations in the country are among the most sought-after, scattered along the Mediterranean coast and the Balearic Islands. Benahavís, in Málaga, tops the list of the most expensive towns among the most in-demand in Spain, with €2.4 million, followed by Santa Eulalia del Río in Ibiza, with €2.1 million. These two are the only ones with an average total sale price exceeding €2 million on idealista.
Following behind, seven towns have average property prices exceeding one million euros. These are the three towns of Calvià (1.76 million euros) in Mallorca; Marbella (1.73 million euros) in Málaga; and Sotogrande (1.65 million euros) in Cádiz. The remaining four are all located in the province of Alicante, primarily in the Marina Alta region, such as Benissa (1.38 million euros), Moraira (1.33 million euros), and Benitachell (1.14 million euros), along with Altea (1,203,755 euros), in the Marina Baja region. Another Alicante town, Jávea, approaches the one million euro mark with an average price of 935,300 euros, as does the Málaga town of Casares, with 971,901 euros.
