Ciutat Vella and L’Eixample were the most expensive districts for housing in Valencia, Spain in December 2023. The average house price per square meter in both districts exceeded ***** euros. Rascanya, on the other hand, had the most affordable house prices, amounting to ***** euros.

Located in the Region of Valencia, the province of Castellon had the lowest property prices of all Spanish coastal areas, with an average price of 1,000 euros per square meter as of the first quarter of 2022. Castellon was also the Valencian province with the lowest average price of urban land. Also on the Mediterranean coast of Spain, Almeria ranked second on the list, with an average price per square meter of 1,100 euros, followed by another Valencian province, Valencia, which featured an average property price of just over 1,200 euros.

The other side of the coin: the most expensive coastal areas

Out of the four main islands that comprise the Balearic province, two are listed as the most expensive coastal areas of Spain. Ibiza and Formentera’s coasts ranked as the least affordable coasts in terms of property prices, with their average price per square meter amounting to nearly 4,000 euros. The Basque province of Gipuzkoa was the second most expensive coastal area.

Spain: the rebirth of a broken property market

After a long period of time in which Spain’s real estate prices increased sharply, the market was hit by the global financial crisis of 2007, making the Spanish property bubble collapse and damaging home value. It can be seen that real estate prices in Spain initiated a solid recovery in 2015, after the house price index fell to 96.27 index points in 2013. The property market has made great progress, but it is still far off the rest of its European counterparts, and it is positioned, in fact, at the bottom of the European list of the EMF’s house price index.

Spain Avg Housing Price: Free Market: Valencia data was reported at 1,235.600 EUR/sq m in Mar 2018. This records an increase from the previous number of 1,183.800 EUR/sq m for Dec 2017. Spain Avg Housing Price: Free Market: Valencia data is updated quarterly, averaging 1,653.600 EUR/sq m from Mar 2005 (Median) to Mar 2018, with 53 observations. The data reached an all-time high of 2,475.600 EUR/sq m in Mar 2008 and a record low of 1,099.000 EUR/sq m in Jun 2017. Spain Avg Housing Price: Free Market: Valencia data remains active status in CEIC and is reported by Ministry of Public Works. The data is categorized under Global Database’s Spain – Table ES.P003: Housing Prices: Free Market: by Region and Major City.

Housing Index in Spain increased to 2033 EUR/SQ. METRE in the first quarter of 2025 from 1972.10 EUR/SQ. METRE in the fourth quarter of 2024. This dataset provides the latest reported value for - Spain House Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Valencia was the most expensive city for renting residential real estate in the Region of Valencia in Spain, in October 2023. The average monthly rent stood at 12.9 euros per square meter in that period. That was slightly higher than the national average. Overall, the majority of households in Spain live in an owner-occupied home.

Alicante was the most expensive province in the Spanish autonomous community region of Valencia with the average house price per square meter at 2,300 euros in October 2023. In contrast, Castellon was the most affordable at 1,250 euros per square meter. House prices in Spain have been on an upward trend since 2016, when they plummeted because of the financial crisis.

Spain Avg Housing Price: Protected Housing: Valencian Community: Valencia data was reported at 1,088.300 EUR/sq m in Sep 2018. This records a decrease from the previous number of 1,099.400 EUR/sq m for Jun 2018. Spain Avg Housing Price: Protected Housing: Valencian Community: Valencia data is updated quarterly, averaging 1,093.000 EUR/sq m from Mar 2005 (Median) to Sep 2018, with 55 observations. The data reached an all-time high of 1,167.500 EUR/sq m in Mar 2011 and a record low of 863.800 EUR/sq m in Mar 2005. Spain Avg Housing Price: Protected Housing: Valencian Community: Valencia data remains active status in CEIC and is reported by Ministry of Public Works. The data is categorized under Global Database’s Spain – Table ES.P004: Housing Prices: Protected Housing: by Region and Province.

House prices in Spain have grown year-on-year since 2016 and 2023, increasing by almost 500 euros per square meter. In October 2023, the average house price per square meter reached 2,016 euros - almost as high as in 2007 before the global financial crisis hit and the market plummeted.

Spain Avg Housing Price: Free Market: Less than 5 Years Old: Valencia data was reported at 1,536.900 EUR/sq m in Mar 2018. This records a decrease from the previous number of 1,539.700 EUR/sq m for Dec 2017. Spain Avg Housing Price: Free Market: Less than 5 Years Old: Valencia data is updated quarterly, averaging 1,717.700 EUR/sq m from Mar 2010 (Median) to Mar 2018, with 33 observations. The data reached an all-time high of 2,122.900 EUR/sq m in Dec 2011 and a record low of 1,437.000 EUR/sq m in Sep 2016. Spain Avg Housing Price: Free Market: Less than 5 Years Old: Valencia data remains active status in CEIC and is reported by Ministry of Public Works. The data is categorized under Global Database’s Spain – Table ES.P003: Housing Prices: Free Market: by Region and Major City.

Spain Avg Housing Price: Free Market: More than 5 Years Old: Valencia data was reported at 1,233.700 EUR/sq m in Mar 2018. This records an increase from the previous number of 1,181.600 EUR/sq m for Dec 2017. Spain Avg Housing Price: Free Market: More than 5 Years Old: Valencia data is updated quarterly, averaging 1,210.800 EUR/sq m from Mar 2010 (Median) to Mar 2018, with 33 observations. The data reached an all-time high of 1,908.800 EUR/sq m in Mar 2010 and a record low of 1,096.300 EUR/sq m in Jun 2017. Spain Avg Housing Price: Free Market: More than 5 Years Old: Valencia data remains active status in CEIC and is reported by Ministry of Public Works. The data is categorized under Global Database’s Spain – Table ES.P003: Housing Prices: Free Market: by Region and Major City.

House prices in Spain have risen year-on-year since 2014. The house price index measures the development of house prices, with 2015 chosen as a base year when the index value was 100. Between 2021 and 2023, the house price index in Spain rose by eight percent for new housing and 3.2 percent for existing housing. Overall, newly built housing has appreciated more than existing homes.

Catalonia ranked as the Spanish autonomous community where purchasing a new home was most expensive, with an average of approximately 4,400 euros per square meter as of January 2023. The average prices of new property in provincial capitals in Extremadura was 1,300 thousand euros, the cheapest in the country.

This statistic displays the average property price in the Spanish Costa Valencia as of the first quarter of 2020. According to the report, the province of Alicante had the highest average housing price in these regions, almost reaching *** thousand euros per square meter during that period. Additionally, home prices in coastal provinces have also been broken down by cheapest and most expensive provinces.

The average price per square meter of residential rental property in Spain grew from 7.13 euros as of June 2015 to 10.82 euros in June 2020, which meant an increase of 52 percent. Only four autonomous communities experienced a percentage change higher than the national average: Valencia, Catalonia, Madrid, and the Canary Islands. The Region of Valencia experienced the highest increase, with prices growing from 5.16 to 8.67 euros per square meter, a 68 percent rise. On the other hand, although the Basque Country ranked as the region with the most expensive housing rental prices in June 2015, it fell to a third position by the same month of 2020.