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The Most Expensive Regions in Spain to Buy a House

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Four out of five most prestigious locations are in the Balearics.

The most exclusive municipality in 2020  in Spain is one of the Balearic islands named Formentera. It is the place with the highest prices per square meter in the country. Home owners in this region ask for on average for €7,643 per sq. m, according to research conducted by idealista.

The top five most expensive municipalities are complemented by three other cities in the Balearic Islands and one in Gipuzkoa:

  • Deià - €5,909 per sq. m
  • San Joan de Labrija - €5,165 per sq. m
  • Ibiza (town) - €4,910 per sq. m
  • San Sebastian - €4,818 per sq. m

The sixth place is occupied by Baqueira in Lleida with an average price of €4,793 per sq. m.

The remaining four places in the top ten were taken by Sant Josep de Sa Talaia (€4,792), Andratx (€4,649), Santa Eulalia del Rio (€ 4,641) and Zarautz (€4,493), respectively.

Also read: How to Buy Property in Spain as a Foreigner?

Extremadura is the cheapest place to buy real estate in 2020: the average price in the most expensive municipality is the city of Badajoz is €1,148 per "square". This is followed by Toledo in Castilla–La Mancha (€1,357), Logroño in La Rioja (€1,559), La Manga del Mar Menor in Murcia (€1,569), Gijon in Asturias (€1,637), Salamanca in Castilla y León (€1,639) and Comillas in Cantabria (€1,997).

Check out the prices for residential real estate in the Balearics:
Flat for 269 000 euro on Mallorca, Spain
269 000 €
Flat on Mallorca, Spain
52 sq.m 2 1 1
Apartment with garden in Palma de Mallorca The cost is 269.000EURO Description ID: NEX522 Area: 52m2 Garden: 35m2 Terrace: yes Garden: yes Bedrooms: 1 Bathrooms: 1 Features: renovated, air conditioning, private garden This fully renovated apartment is located in the beautiful area of Palma de Mallorca El Terreno, close to...
Buona Realty
Townhouse for 299 750 euro on Mallorca, Spain
299 750 €
Townhouse on Mallorca, Spain
128 sq.m 4 2 2
Townhouse in Capdepera 75 km from Palma de Mallorca The cost is 299.750EURO Description ID: NEX589 Area: 128m2 Bedrooms: 2 Bathrooms: 2 Terrace: yes Garden: yes Parking: yes Swimming pool: yes Features: new building, air conditioning, modern high-tech design, storage room, built-in wardrobes, terrace with sea view This...
Buona Realty
Flat for 315 000 euro on Mallorca, Spain
315 000 €
Flat on Mallorca, Spain
135 sq.m 5 4 2
Apartment in Palma The cost is 315.000EURO Description ID: NEX545 Area: 135m2 Bedrooms: 4 Bathrooms: 2 Terrace: yes Elevator: yes Features: built-in wardrobes, air conditioning, elevator, terrace, balcony This apartment has a large living room, four bedrooms, two bathrooms, an equipped kitchen, a terrace, a balcony, built-in...
Buona Realty
Townhouse for 337 900 euro on Mallorca, Spain
337 900 €
Townhouse on Mallorca, Spain
128 sq.m 5 3 2
Townhouse in Capdepera 75 km from Palma de Mallorca The cost is 337.900EURO Description ID: NEX588 Area: 128m2 Bedrooms: 3 Bathrooms: 2 Terrace: yes Garden: yes Parking: yes Swimming pool: yes Features: new building, air conditioning, modern hi-tech design, storage room, built-in wardrobes, terrace with sea view This new...
Buona Realty
Flat for 445 000 euro on Mallorca, Spain
445 000 €
Flat on Mallorca, Spain
110 sq.m 4 3 1
Luxury apartment in Palma The cost is 445.000EURO Description ID: NEX257 Area: 110m2 Bedrooms: 3 Bathrooms: 1 Terrace: 10m2 Features: fully equipped, fully renovated, wooden floors, air conditioning, storage room, gas heating, climalit windows, security system, shared terrace The apartment is located just a 2-minute walk from...
Buona Realty
Flat for 495 000 euro on Mallorca, Spain
495 000 €
Flat on Mallorca, Spain
110 sq.m 4 3 2
Renovated apartment in Palma The cost is 495.000EURO Description ID: NEX271 Area: 110m2 Bedrooms: 3 Bathrooms: 2 Terrace: yes Features: completely renovated, high quality materials, wooden floors, underfloor heating, air conditioning, new windows, terraces, sauna This fantastic apartment is located in El Forti Palma de Mallorca...
Buona Realty
Townhouse for 535 000 euro on Mallorca, Spain
535 000 €
Townhouse on Mallorca, Spain
110 sq.m 4 2 2
Townhouse with sea view The cost is 535.000EURO Description ID: NEX528 Area: 110m2 Bedrooms: 2 Bathrooms: 2 Guest toilet: 1 Terrace: yes Parking: yes Swimming pool: yes Garden: yes Features: swimming pool, parking, terrace, fitted wardrobes, garden, next to the sea, air conditioning, sea view This fantastic two-storey...
Buona Realty
Flat for 550 000 euro on Mallorca, Spain
550 000 €
Flat on Mallorca, Spain
60 sq.m 3 2 1
Apartment next to the cathedral The cost is 550.000EURO Description ID: NEX 521 Area: 60m2 Bedrooms: 2 Bathrooms: 1 Terrace: yes Features: sea view, cathedral view, air conditioning, underfloor heating, new renovation, modern high-tech design, wooden floors This unique fully renovated apartment is located in the historic center...
Buona Realty
Flat for 550 000 euro on Mallorca, Spain
550 000 €
Flat on Mallorca, Spain
110 sq.m 4 3 2
Apartment in Palma de Mallorca The cost is 550.000EURO Description ID: NEX592 Area: 110m2 Bedrooms: 3 Bathrooms: 2 Terrace: yes Features: completely renovated, best materials, elevator, air conditioning, new windows, terrace, fireplace This fantastic apartment is located in the center of Palma Real Plaza-Spain The apartment...
Buona Realty
House for 625 000 euro on Mallorca, Spain
625 000 €
House on Mallorca, Spain
233 sq.m 6 4 3
House in Badia Blava, just ten km from the center of Palma The cost is 625.000EURO Description ID: NEX546 Area: 233m2 Land area: 500m2 Bedrooms: 4 Bathrooms: 3 Terrace: yes Swimming pool: yes Garden: yes Garage: yes Features: sea view, private pool, garden, air conditioning, garage This beautiful house is located in a...
Buona Realty
House for 695 000 euro on Mallorca, Spain
695 000 €
House on Mallorca, Spain
96 sq.m 3 2 2
New house with garden The cost is 695.000EURO Description ID: NEX587 Area: 96m2 Plot: 200m2 Bedrooms: 2 Bathrooms: 2 Terrace: yes Garden: yes Features: air conditioning, fitted wardrobes, underfloor heating, sea view, communal pool This beautiful three-level house is located in Sa Vignola, 40 km from Palma de Mallorca,...
Buona Realty
House for 745 000 euro on Mallorca, Spain
745 000 €
House on Mallorca, Spain
126 sq.m 4 3 3
New house The cost is 745.000EURO Description ID: NEX590 Area: 126m2 Raft: 200m2 Bedrooms: 3 Bathrooms: 3 Terrace: yes Garden: yes Features: air conditioning, fitted wardrobes, underfloor heating, sea view, communal pool This beautiful three-level house is located in Sa Vinyl, 40km from Palma de Mallorca, close to the...
Buona Realty
Flat for 750 000 euro on Mallorca, Spain
750 000 €
Flat on Mallorca, Spain
106 sq.m 3 1 2
New apartment with sea view The cost is 750.000EURO Description ID: NEX215 Area: 106m2 Bedrooms: 1 Bathrooms: 2 Terrace: yes Storeroom: yes Parking: yes Features: sea view, high-tech design, equipped kitchen, fitted wardrobes, air conditioning, attic, terrace, storage room, parking This apartment has a large living room...
Buona Realty
Penthouse for 791 353 euro on Mallorca, Spain
791 353 €
Penthouse on Mallorca, Spain
262 sq.m 3 3 3
The unique penthouse is located on the territory of an exclusive closed golf club in Santa Ponsa, right on the course itself. Penthouse with a living area of 210 m2, consists of 3 bedrooms and 3 bathrooms. The main part of the penthouse consists of 2 bedrooms, each with a bathroom. The master bedroom also has a walk-in closet and access to the...
Property Investor
Flat for 1 200 000 euro on Mallorca, Spain
1 200 000 €
Flat on Mallorca, Spain
150 sq.m 6 4 2
Apartment with sea access in Illetas, 10 km from the center of Palma de Mallorca The cost is 1.200.000EURO Description ID: NEX238 Area: 150m2 Bedrooms: 4 Bathrooms: 2 Terrace: yes Garden: yes Swimming pool: 2 Sea view: yes Features: equipped kitchen, terrace with sea view, first line, private access to the sea, garden,...
Buona Realty
Villa for 1 350 000 euro on Ibiza, Spain
1 350 000 €
Villa on Ibiza, Spain
325 sq.m 8 3
Residence
The spacious 8-bedroom villa is located on a quiet dead-end street at the top of a hill in Santa Eulalia des Rio, just a few minutes walk from the center, where shops and restaurants are concentrated.The total area of the villa is 325 sq. m. m and can be increased to 625 sq. m. m due to the construction of additional apartments or a master...
NF Group
Villa for 1 795 000 euro on Mallorca, Spain
1 795 000 €
Villa on Mallorca, Spain
270 sq.m 5 4 5
Residence
Description: new high-tech villa (built in 2018) with sea views, 4 bedrooms - each with its own shower and dressing room, swimming pool (11 x 3.5 m), fireplace. Total area: 270 m2 Living area:​about 220 m2 Terrace area: about 220 m2 Equipment: high-quality materials, expensive hotel. Location:Alcudia is a city in the northern part of...
Estate-Service24
House for 2 150 000 euro on Mallorca, Spain
2 150 000 €
House on Mallorca, Spain
1100 sq.m 8 5 3
House in Lloret, 30km from the center of Palma The cost is 2.150.000EURO Description ID: NEX597 Area: 1.100m2 Region: 12.000m2 Bedrooms: 5 Bathrooms: 3 Summer kitchen: yes Terrace: yes Guest house: yes Swimming pool: yes Garden: yes Garage: yes Features: sea view, terrace, built-in wardrobes, elevator This fantastic...
Buona Realty
Villa for 2 517 941 euro on Mallorca, Spain
2 517 941 €
Villa on Mallorca, Spain
917 sq.m 4 4 4
Beautiful luxury villa located in the picturesque area of Nova Santa Ponsa. The master bedroom is located on the ground floor with a very spacious dressing room and bathroom. Two other equally spacious bedrooms are also located on the ground floor, both with en-suite bathrooms. In addition, at the entrance to the villa there is a separate...
Property Investor
Townhouse for 2 750 000 euro on Ibiza, Spain
2 750 000 €
Townhouse on Ibiza, Spain
300 sq.m 5 5
Residence
This spacious townhouse is located in the old town of Ibiza, and it offers views of the sea, the harbor and the island of Formentera in the background. From the rear facade, the house overlooks the sea, and from the front - the Bay of Ibiza.A very secluded cobbled street leads to the house. On the ground floor there is a kitchen and a dining...
NF Group

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