What is the Average Property Price in Spain?
Introduction
Thousands of foreign buyers ask this question: "What is the average house price in Spain?". As experts in the Spanish real estate market, our answer must be honest and direct: there isn't a single average price. Asking for the average house price in Spain is like asking for the average car price without specifying the make, model, or year.
The Spanish property market is a collection of micro-markets. The price of a new apartment in Marbella (Costa del Sol) bears no resemblance to that of a village house to renovate in Extremadura. This article will break down this "average price" to give you an expert and realistic view of what you can truly buy with your budget.
The National "Average Price": A Nuanced Indicator
To ensure clarity, real estate professionals do not use the average price of a "house", but rather the average price per square meter (€/m²).
According to the latest data from reference portals (such as Idealista or Fotocasa) and official registries, the average price for second-hand property (the most common type) in Spain is around €2,000 to €2,150 per square meter. A 100m² house would therefore "on average" cost €215,000.
However, this figure conceals extreme disparities. It is inflated by highly sought-after areas and does not reflect the majority of the territory. Using this figure for your search would be a mistake.
The Real Question: Price by Region (Autonomous Community)
The number one factor influencing price is location. Demand from foreign buyers is concentrated on the coasts and in major cities, creating significant upward pressure.
The Most Expensive Areas in Spain
Unsurprisingly, the most expensive areas are the islands and the capital:
- Balearic Islands: A driver of luxury in Spain, with an average exceeding €4,000/m². Ibiza and Formentera are in a category of their own.
- Community of Madrid: The economic capital attracts investors, with some districts exceeding €3,800/m².
- Basque Country: A region with a strong local economy, where prices are around €3,000/m².
Highly Sought-After Areas: Costa Blanca and Costa del Sol
These regions offer an excellent balance between quality of life, infrastructure, and price:
- Andalusia (Costa del Sol): Very popular, the province of Malaga (Marbella, Estepona) is seeing prices rise, with an average around €3,000/m².
- Valencian Community (Costa Blanca): This is one of the most preferred destinations. The province of Alicante (where we are based) offers a dynamic and more accessible market, around €2,000/m², although towns like Javea or Moraira are more expensive.
Expert Insight: New Build vs. Resale
It is crucial to distinguish between new build (obra nueva) and resale (segunda mano) properties. A new build property will cost on average 20% to 30% more per square meter. Furthermore, the tax implications differ: 10% IVA (VAT) for new builds, versus 6% to 10% ITP (Property Transfer Tax) for resale properties.Comparative Table of Average Prices (€/m²)
To help you visualize, here's an overview of the disparities. These figures are average estimates (late 2024/early 2025) and constantly vary.
| Region / Area | Estimated Average Price (€/m²) | Market Type |
|---|---|---|
| Balearic Islands (Ibiza, Mallorca) | ~ 4.200 €/m² | Luxury / Highly Competitive |
| Madrid (Capital) | ~ 3.850 €/m² | Metropolitan / Investment |
| Costa del Sol (Malaga) | ~ 3.100 €/m² | Tourism / Upscale |
| Catalonia (Barcelona) | ~ 2.700 €/m² | Mixed / Competitive |
| Costa Blanca (Alicante) | ~ 2.050 €/m² | Accessible / High Demand |
| Murcia Region (Costa Cálida) | ~ 1.300 €/m² | Developing / Accessible |
| Extremadura / Castilla-La Mancha | < 1.000 €/m² | Rural / Very Accessible |
For detailed statistics, you can consult benchmark indices such as Idealista (price reports), an authoritative source in the market.
Warning: The "Price" is Not the Total Cost!
This is the most common mistake among unaware buyers. The price displayed in an advertisement never includes fees and taxes. As experts, it is our duty to remind you of this.
You must imperatively add between 10% and 15% to the purchase price to cover:
- Purchase tax: ITP (for resale, 8-10% depending on the region) or IVA (for new build, 10%).
- Notary fees (Notaría).
- Property registration fees (Registro).
- Lawyer/Gestoría fees (essential to secure the transaction).
Summary Table of Purchase Costs (Estimate)
Here is a simulation for a €250,000 property (resale) in the Valencian Community (ITP at 10%).
| Type of Cost | Estimated Percentage | Estimated Amount |
|---|---|---|
| Property Purchase Price | - | 250.000 € |
| Tax (ITP - 10%) | ~10% | 25.000 € |
| Notary, Registry, Lawyer (Gestoría) | ~3% | 7.500 € |
| Total Budget Required | ~113% | 282.500 € |
Conclusion
So, what is the average price? As you've seen, there isn't one. The "right price" is the one that aligns with your project (primary residence, rental investment, holiday home) and your preferred location.
On the Costa Blanca (Alicante province), you can still find excellent opportunities around €2,000/m², allowing you to acquire beautiful apartments or villas with pools at much more competitive prices than on the Costa del Sol or in France. The most important thing is to define your budget all costs included.
Need a precise estimate?
Take advantage of market opportunities. Let's discuss your project.
Table of Contents
- Introduction
- The National "Average Price": A Nuanced Indicator
- The Real Question: Price by Region (Autonomous Community)
- The Most Expensive Areas in Spain
- Highly Sought-After Areas: Costa Blanca and Costa del Sol
- Comparative Table of Average Prices (€/m²)
- Warning: The "Price" is Not the Total Cost!
- Summary Table of Purchase Costs (Estimate)
- Conclusion
FAQ: Property Prices in Spain
Understanding the True Cost of Buying a Home in 2025
There isn't a single "average price." The market is highly segmented. The national average price per square meter (around €2,150/m²) is misleading as it blends luxury areas like Ibiza (over €4,000/m²) with rural zones such as Extremadura (less than €1,000/m²). Location is the key factor.
NO. This is the most common mistake. The advertised price never includes taxes and fees. You must imperatively add between 10% and 15% to the purchase price to cover these costs and determine your total budget.
This additional budget primarily covers:
- Purchase Tax: This is either ITP (Impuesto sobre Transmisiones Patrimoniales – Property Transfer Tax, 8% to 10% for resale properties) or IVA (VAT) (Value Added Tax, 10% for new-build properties).
- Notary fees (Notaría).
- Land Registry fees (Registro de la Propiedad).
- Your solicitor's fees or gestoría fees (essential to secure your purchase).
For a resale property priced at €250,000 on the Costa Blanca (ITP at 10%):
- Property price: €250,000
- ITP (Property Transfer Tax, 10%): €25,000
- Other fees (Notary, Land Registry, Solicitor): ~€7,500
- Total budget required: approximately €282,500
The Balearic Islands (Ibiza, Mallorca) are by far the most expensive, with averages exceeding €4,000/m². Following these are the Community of Madrid (although not coastal) and the Costa del Sol (Malaga province).
The Costa Blanca (Alicante province) offers an excellent balance with an average around €2,050/m². For even lower prices, the Region of Murcia (Costa Cálida) is very attractive (approximately €1,300/m²).
A new-build property (obra nueva) costs on average 20% to 30% more per square meter than a resale property (segunda mano). Furthermore, the taxation is different (10% VAT for new-builds versus 8-10% Property Transfer Tax (ITP) for resale properties).
VAT (IVA) on new-build properties is fixed at 10% across Spain (except for the Canary Islands). However, ITP (Property Transfer Tax for resale properties) is a regional tax. It is 10% in the Valencian Community, but 8% in Andalusia (general rate), or 7% in Madrid. This can significantly influence your final budget.
The Costa del Sol (Malaga province) is significantly more expensive, with an average of approximately €3,100/m². The Costa Blanca (Alicante province) is known to be more affordable, with an average around €2,050/m².
The lowest prices in the country are found in the interior, rural, and less populated regions, such as Extremadura or Castilla-La Mancha. There, the average price per square meter often falls well below €1,000.
Professionals use the price per square meter (€/m²) as the main indicator. Asking for the "average price of a house" is too vague, as a 200m² house will logically be double the price of a 100m² house on the same street.
To follow trends, it is recommended to consult price reports published by authoritative Spanish property portals like Idealista or Fotocasa.
In statistics, the term "dwelling" (vivienda) is used and includes everything: apartments (pisos), houses (casas), villas (chalets), etc. Generally, for the same surface area in the same zone, an apartment will be cheaper than a detached house.
It's a combination of several factors: buildable space is limited (they are islands), international demand for luxury properties is the strongest in Europe there, and tourist appeal is at its maximum, which creates immense pressure on prices.
Very little. This figure is a national statistical average that will not help you define your budget. You should focus only on the average price of the coastal area or city that interests you (e.g., Costa Blanca, Murcia, etc.).
