Barcelona, Madrid, and Donostia - San Sebastian were some of the most expensive cities to rent a house in Spain in February 2025. Barcelona, which is the capital of Catalonia, led the list with an average price of **** euros per square meter. Madrid followed closely in the second position with an average square meter of rental residential property cost of **** euros.

The Balearic Islands, Guipúzcoa, and the Community of Madrid topped the list of provinces of Spain with the most expensive house prices in December 2023. In the Balearic Islands, the average square meter house for housing was over ***** euros. In contrast, the cheapest province to buy a property in Spain was the province of Ciudad Real.

As of mid-2025, Port of Spain ranked as the second Latin American and Caribbean city with the highest cost of living. The capital of ******************* obtained an index score of ****, followed by the ********* capital, with **** points.

Geneva stands out as Europe's most expensive city for apartment purchases in early 2025, with prices reaching a staggering 15,720 euros per square meter. This Swiss city's real estate market dwarfs even high-cost locations like Zurich and London, highlighting the extreme disparities in housing affordability across the continent. The stark contrast between Geneva and more affordable cities like Nantes, France, where the price was 3,700 euros per square meter, underscores the complex factors influencing urban property markets in Europe. Rental market dynamics and affordability challenges While purchase prices vary widely, rental markets across Europe also show significant differences. London maintained its position as the continent's priciest city for apartment rentals in 2023, with the average monthly costs for a rental apartment amounting to 36.1 euros per square meter. This figure is double the rent in Lisbon, Portugal or Madrid, Spain, and substantially higher than in other major capitals like Paris and Berlin. The disparity in rental costs reflects broader economic trends, housing policies, and the intricate balance of supply and demand in urban centers. Economic factors influencing housing costs The European housing market is influenced by various economic factors, including inflation and energy costs. As of April 2025, the European Union's inflation rate stood at 2.4 percent, with significant variations among member states. Romania experienced the highest inflation at 4.9 percent, while France and Cyprus maintained lower rates. These economic pressures, coupled with rising energy costs, contribute to the overall cost of living and housing affordability across Europe. The volatility in electricity prices, particularly in countries like Italy where rates are projected to reach 153.83 euros per megawatt hour by February 2025, further impacts housing-related expenses for both homeowners and renters.

Context

The dataset consist listings from popular real estate portals of Madrid.

LOCATION Madrid is one of the most visited cities in Europe both by tourists and businesspeople, and it’s where many important local and multinational companies have their headquarters. Therefore Madrid enjoys both a large influx of tourists as well as people seeking to live and work in the city to give their professional careers a boost.

ATTRACTIVE PRICES The real estate market has been in a growth phase for a few years now, which means that you can still find properties at very attractive prices (especially compared to other European capitals) but with still good chances of their value appreciating in the future.

HOUSE TYPES Individual homes are not common in the city center but do exist in the suburbs. Madrid also has a mix of new construction and existing apartments. Real estate prices in capital cities are generally the most expensive in a country, but it's not the case in Spain. The cost of property in Madrid is well below that of Barcelona and coastal areas.

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Shape of the data: 21742 rows and 58 columns

Data Dictionary

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The average square meter price of new residential real estate in Spain was the highest in Catalonia and the Community of Madrid in 2025. In the second quarter of the year, both regions boasted home prices of over 4,800 euros per square meter, with Catalonia at 4,893 euros and the Community of Madrid at 5,037 euros. That was substantially higher than the average for the country, which amounted to 3,151 euros per square meter. Overall, house prices in Spain have been on the rise since 2016.

This statistic shows the ranking of the 10 most expensive streets of Spain in 2015, according to the price of the residential square meter. San Sebastián and Barcelona led the ranking of Spanish cities with the highest residential square meter price.

Barcelona was the most expensive city for rental industrial and logistics real estate in Spain in the first quarter of 2022. The annual square footage rent of a last mile logistics facility was ** euros, while in Madrid, it was **** euros. This also applied to medium box and big box warehouses and distribution centers. In Europe, some of the most expensive industrial and logistics real estate markets were London, Zurich, and Oslo, with annual rental rates exceeding 100 euros per square meter.

Some of the ** districts of Spain’s capital city are well far off the ***** euros per square meter that Spaniards had to pay on average to purchase a home in 2023. The Spanish capital is home to some of the wealthiest districts of Spain, such as the historic Salamanca district, which topped the list at almost ***** euros per square meter. Rents in SpainWhilst Madrid’s districts had the highest prices for residential real estate, the Spanish capital was not the most expensive place to rent. Ibiza topped the list of the least affordable properties to rent, with households hypothetically requiring over *** percent of their full income to pay off the rent. Located in the Andalusian province of Malaga, Marbella ranked second on the list, with over *** percent of the full household income. Spain: the rebirth of a property marketAfter 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, reaching ***** house price index points in 2021 from a lowest point of ***** index points recorded 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, which is led by Czechia.

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 **** 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 ***** euros in October 2023. In contrast, Castellon was the most affordable at ***** euros per square meter. House prices in Spain have been on an upward trend since 2016, when they plummeted because of the financial crisis.

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.

In 2025, in-person Spanish language tutoring offerings in Poland were most expensive in Ruda Śląska, at ***** zloty per one hour of teaching. At the same time, one hour of Spanish tutoring could be purchased for an average of ***** zloty in Zielona Góra, which was the cheapest offer nationwide.

In the presented European countries, the homeownership rate extended from 42.6 percent in Switzerland to as much as 95.9 percent in Albania. Countries with more mature rental markets, such as France, Germany, the UK, and Switzerland, tended to have a lower homeownership rate compared to the frontier countries, such as Lithuania or Slovakia. The share of house owners among the population of all 20 euro area countries stood at 64.5 percent in 2024. Average cost of housing Countries with lower homeownership rates tend to have higher house prices. In 2024, the average transaction price for a house was notably higher in Western and Northern Europe than in Eastern and Southern Europe. In Austria, one of the most expensive European countries to buy a new dwelling in, the average price was three times higher than in Greece. Looking at house price growth, however, the most expensive markets recorded slower house price growth compared to the mid-priced markets. Housing supply With population numbers rising across Europe, the need for affordable housing continues. In 2024, European countries completed between one and six housing units per 1,000 citizens, with Ireland, Poland, and Denmark responsible for heading the ranking. One of the major challenges for supplying the market with more affordable homes is the rising construction costs. In 2021 and 2022, housing construction costs escalated dramatically due to soaring inflation, which has had a significant effect on new supply.