The latest Idealista ranking with the 100 most expensive municipalities to buy and rent a house confirms that the highest average prices in Spain are grouped in tourist towns on the Mediterranean coast and the Balearic Islands, led by Benahavís, Calvià and Marbella, the three above the million euros, and with rents that exceed 2,800 euros per month, next to Ibiza.

However, the demand during the past quarter in the real estate marketplace in southern Europe once again focuses interest in buying homes in Madrid and its outskirts, in addition to other large cities such as Zaragoza, Seville and the two Canarian capitals, while in the rent the municipalities of the coast gain weight, together with cities such as Hospitalet de Llobregat or Vitoria.

In addition, the data for this period confirm that house prices have experienced an increase of 3.3% year-on-year on average until June, while rents have risen somewhat more between April and June, up to 4.8% on average. On the other hand, the gross profitability of buying a home to put it on the rental market has grown slightly during the second quarter to 7.2%, one tenth more compared to the same period in 2021.

Of course, the analysis of the housing market by Idealista/data performs the ranking of the 100 most expensive municipalities by sale price and rental income, and of the most requested localities according to relative demand, provided that they meet a wide offer of advertisements in Idealista (about 1,500 between sale and rental) during the analyzed quarter.

Mediterranean and Balearic Islands concentrate the highest house prices

The Malaga town of Benahavís, with some of the most exclusive urbanizations in Spain such as La Zagaleta, once again leads the classification with the most expensive prices, currently exceeding 1.8 million euros. In the distinguished club of one million houses, it is followed by its neighbor Marbella (1.1 million), behind the Balearic municipality of Calvià, with 1.4 million, which are not far behind in high-end locations.

Until completing the top 10 of the areas with the most expensive average home price, all above half a million euros, populations from all over the Mediterranean coast continue to stand out, from Sotogrande (865,000 euros), in Cádiz, to Casteldefells (638,990 euros) or Sitges (681,000 euros), both in Barcelona, passing through Jávea (721,000 euros) and Altea (605,000 euros), both in Alicante. Eivissa completes the ranking with 681,000 euros and Llucmajor (570,600), both in the Balearic Islands.

Behind, Palma is positioned as the first provincial capital with the highest average price in 11th place, with its 527,139 euros, ahead of other capitals such as San Sebastián (522,445 euros), in 13th place; Madrid (413,111 euros), which ranks 17th, or Barcelona (349,000), in 21st place.

Up to 11 new towns have entered the ranking for this second quarter, highlighting Vilanova i la Geltrú (266,000 euros), directly in 32nd place. There are no major changes in the first positions, while Guardamar del Segura (178,500 euros) recovers positions to be placed in 67 of the ranking.

Madrid, its outskirts and other capitals are the most demanded to buy

The classification made on the relative demand for housing places the capital and its surrounding cities, such as Móstoles and Alcalá de Henares, as the areas with the greatest pressure from demand over supply in Idealista. Among the first 10 also appears Parla (position 8), along with the great capitals of the country such as Zaragoza (4), Valencia (7), and Seville (9).

It is also worth noting the outstanding relative demand in the Canarian markets, with their capitals, Las Palmas de Gran Canaria (5) and Santa Cruz de Tenerife (6) in the upper part of the high classification, together with the Tenerife town of San Cristóbal de The Lagoon, or San Bartolomé de Tirajana.

On the other hand, Barcelona remains in 14th place in relative demand, behind Málaga (11) or San Sebastián (13), but ahead of Palma (18).

The average rents that are announced exceed 2,500 euros in five coastal areas

The arrival of summer supposes an increase in the prices that are asked for in the rental market. This year has not been different, since five municipalities have exceeded 2,500 euros on average per month. Areas with large and expensive homes such as Benahavís (4,014 euros/month) or Marbella (3,135 euros/month), while Calvià (2,881 euros) or Eivissa (2,815 euros) are still well above the average. The top 5 is completed by Sotogrande (2,522 euros).

Behind it are other coastal towns such as Estepona (2,086 euros/month), Llucmajor (1,990 euros), Sitges (1,849 euros), Mijas (1,596 euros) or Altea (1,596 euros), all ahead of Barcelona (1,342 euros) or Madrid (1,234 euros), the two largest rental markets in Spain.

Up to 25 locations have average rental prices above 1,000 euros per month. In addition to those already named, Palma (1,209 euros), San Sebastián (1,196 euros), Getxo (1,110 euros) or Bilbao (1,012 euros) appear.

Vitoria yields the highest rental demand to Hospitalet and the coastal areas

The capital of Alava gives up first place in relative demand in the rental market after many quarters leading this classification in favor of the Barcelona municipality of L’Hospitalet de Llobregat. Vitoria falls to fourth place, surpassed by the increase in demand from coastal areas such as Denia or Torrevieja, both in Alicante.

If in previous quarters the cities of the Metropolitan Area of Barcelona were the ones that occupied the first places in the classification of relative rental demand, now they share them with purely tourist municipalities. Among the top 10 only Badalona (5) and Barcelona (9) ‘resist’, now they alternate positions with Torremolinos (6), Torrent (7) or Fuengirola (8). Complete the top 10, the capital of Girona.

Behind, is Mataró (11) or Terrasa (13), along with the tourist areas of Benalmádena (12) or Calpe (14). While of the Madrid towns that led the demand for sale, only Móstoles appears above in 16th place.

Among the capitals, after Vitoria, Barcelona and Girona, appear Valencia (15), Málaga (23), Tarragona (26) or Palma (28). The city of Madrid falls to position 52, surpassed by the broad demand on the coast, although it maintains its average of recent quarters.

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