Four cities in Spain surpass the barrier of 6,000 euros m2 for the first time

They exceed the national average, which stood at 2,203 euros per square meter in 2023

MADRID, 12 Ene. (EUROPA PRESS) -

Four cities in Spain, belonging to the Balearic Islands and the Basque Country, have reached their historical maximum price, placing themselves "well above" the national average registered in 2023, of 2,203 euros per square meter, until surpassing the barrier of 6,000 euros per square meter, as reported this Friday by Fotocasa.

The first municipality in the ranking with the highest price is Ibiza, which registers a price of 6,403 euros per square meter of sale, followed by Donostia (San Sebastián) in second place, which presents a value of 6,120 euros per square meter.

On the third step of the podium is the municipality of Zarautz (Guipúzcoa), with a price of 6,029 euros per square meter, and in fourth place, Santa Eulària des Riu (Ibiza) with 5,997 euros per square meter in December 2023, but having reached 6,010 euros per square meter in November 2023.

Close to 6,000 euros per square meter are the municipalities of La Moraleja, in Madrid (5,700 euros per square meter); Calvià, in Mallorca (5,526 euros per square meter); Andratx, in Mallorca (5,496 euros per square meter); Sant Josep de sa Talaia, in Ibiza (5,304 euros per square meter); Sitges, in Barcelona (5,192 euros per square meter), and Sant Cugat del Vallés, in Barcelona (4,938 euros per square meter).

"Although the increase in price in the four locations is very significant, the one that stands out the most is the one that occurs in the Ibizan municipalities," explained the Director of Studies and spokesperson for Fotocasa, María Matos, who considers that these cities have converted into the 'golden mile' of the islands due to the "great pressure" of tourist purchasing demand, especially foreigners, with greater purchasing power than the local, which has helped prices rise.

Matos has assured that it is "a situation that complicates access to housing, since the archipelago practically does not have a stock of public social housing, which further aggravates the access difficulties."

However, he highlighted that "the situation of the municipalities of the Basque Country is different, since the demand is not foreign but national."