Locations of Spain's most pricey homes revealed
Tuesday, September 5, 2017 @ 1:31 PM
THE two most expensive areas in Spain to buy a property have been revealed in recently-published research – and, surprisingly, neither are in the top five wealthiest towns in the country.
According to estate agency firm Idealista, villas – which make up most of the homes – in the urbanisation La Zagaleta in Benahavís (Málaga province) cost an average of €5.6 million to buy.
This is despite average income on the Costa del Sol being in the bottom third of the country, coming in at €18,000 to €20,000 per household per annum in August 2016, the latest figures released.
The second-most expensive location in Spain to buy a property is the La Moraleja neighbourhood in Alcobendas, about 20 kilometres to the east of Madrid, which is the fourth-wealthiest town in Spain – the average household takes home €50,500 a year.
In La Moreleja, once again, the majority of properties are villas, and average about €5m each – although on the street known as the Camino del Sur, they rise to €5.05m.
Just below €5m, and third-most pricey, are homes on the C/ del Castillo de Aysa, in Madrid city.
Buying a home on Barcelona's Avenida del Tibidabo will set you back an average of €4.83m, Idealista says.
Read more at thinkSPAIN.com