In this Price Guide you can find general information about prices and a section with average prices in different popular areas of Spain. The figures in this guide are elaborated from different official statistics as well as our experience of price levels in different areas and can only be used as a guideline.

History and Facts
The price of properties in Spain has during the last 10 years increased by 11.4% p.a. (adjusted for consumer inflation) according to a study made by the Economist. This makes Spain the country in the world where the property prices has increased most during the last ten years and have attracted many foreign investors to buy a property in Spain. Buying a property can be a very good investment apart from the benefits of having a property at your disposal. The increase in the value is expected to continue by most experts (although properly not at the same rate) but can of course change due to incalculable factors such as the Spanish or the world economy or a change in property taxation or duties etc. We therefore recommend people - who are not financial experts or are willing to take the economical risk - not to buy a property only as an investment. (If you are a professional investor and are looking for further information about investing in the Spanish property sector please see Financial and Investment Advice ).

The increase in house prices in Spain differs from region to region and in some cases even between locations situated within a very short reach. We have examples of people who have saved 50% or more by looking in the neighbouring town for almost the same type of property.

The average price per square meter (the way house prices are measured in Spain) in 2002 was 1148 Euros (according to the Ministerio de Fomento). The price per square meter is much higher in popular tourist destinations like Andalucia, Valencia or the Balearic Islands or in big cities like Madrid, Bilbao and Barcelona.

The size of foreign investments in properties in 2002 was about 2.3bn Euros. Almost half of this amount was invested in Andalucia, which is the most popular place for foreigners to buy a house in Spain.

- Apartments - Prices in Different Areas of Spain

- Villas - Prices in Different Areas of Spain

- Town Houses - Prices in Different Areas of Spain