The sale price of homes on the Spanish coast increased by 0.5% over the last year, to 1,751 euros/m2, according to a study published by Idealista, the leading real estate website in Spain, Italy and Portugal.
Coastal homes in the Balearic Islands have risen the most in the last year, with an increase of 4.4% in April. They are followed by the municipalities of the Costa del Sol (Malaga), with a variation of 3.1%, and those of the Costa Blanca (Alicante), where they grew by 2.6%. This was followed by the areas of the Costa del Maresme (Barcelona) with 2.3%, the Costa de la Luz (Cadiz) with 2.2%, the Basque Coast of Guipuzcoa with 2%, Biscay with 1.1%, the Coast of Valencia (1%) and the Coast of Cantabria with 0.5%.
All other Spanish coastal areas have registered lower prices than a year ago. The biggest decrease was in the Costa Tropical of Granada (-6.5%), followed by the Mariña Lucense with -5.9%, the Costa de Almería (-5%) and the coastal municipalities of the three islands of the province of Las Palmas (-4.6%).
With discounts of less than 4% are the Costa de la Luz in Huelva (-3.2%), the Costa del Azahar in Castellón (-3.1%), the Costa Brava in Girona (-1.6%) and the Costa Dorada in Tarragona (-1.1%). Meanwhile, the Costa da Morte (A Coruña), the coastal areas of the four Canary Islands in the province of Santa Cruz de Tenerife, the Costa Verde (Asturias) and the Rías Baixas (Pontevedra) shared a fall of 0.9%, while on the Costa Cálida (Murcia) prices remained practically stable, with a fall of 0.1%.
The Balearic coast remains the area with the highest prices in April, with 3,273 euros/m2. It is followed by the coast of Gipuzkoa (3,147 euros/m2), Maresme (2,370 euros/m2) and the Biscay coast (2,365 euros/m2). The Costa Brava (2,241 euros/m2) and the Costa del Sol (2,050 euros/m2) are also above 2,000 euros.
The Mariña lucense is the coastal area with the lowest prices in Spain, with owners asking only 840 euros per square metre. The Costa da Morte is very close behind (992 euros/m2). The Costa del Azahar in Castellón has a price of 1,029 euros/m2, the Costa Tropical is at 1,086 euros/m2, while the Costa Cálida (Murcia) is at 1,151 euros/m2.
