{"id":523752,"date":"2024-01-22T08:48:00","date_gmt":"2024-01-22T05:48:00","guid":{"rendered":"https:\/\/alegria-premium.com\/?p=523752"},"modified":"2024-02-06T08:58:51","modified_gmt":"2024-02-06T05:58:51","slug":"spanish-cities-where-prices-for-home-sales-and-rentals-have-reached-maximum","status":"publish","type":"post","link":"https:\/\/alegria-premium.com\/en\/articles\/spanish-cities-where-prices-for-home-sales-and-rentals-have-reached-maximum\/","title":{"rendered":"Cities where home sale prices and rents hit record highs in 2023"},"content":{"rendered":"<p>According to the latest study by the property portal Idealista, by the end of 2023 the average rent in Spain had risen by 10.1% to \u20ac12.1 per square metre per month. This is a new record in the historical series, and in most markets rents are noticeably higher than a year ago.<\/p>\n<p>In more than half of Spain&#8217;s provincial capitals (28 out of 52), rents hit a record high at the end of December. These are Madrid, Barcelona, Palma, Bilbao, M\u00e1laga, Valencia, Girona, C\u00e1diz, Alicante, Pamplona, Segovia, Santander, Tarragona, Zaragoza, A Coru\u00f1a, Oviedo, Burgos, Lleida, Valladolid, Albacete, Cuenca, Badajoz, Ourense, \u00c1vila, Palencia, C\u00e1ceres, Ciudad Real and Lugo. The biggest year-on-year rises were in Segovia (24.6%), Valencia (21%) and Palma (20.2%).<\/p>\n<p>Meanwhile, the average price of resale homes rose by 8.1% during 2023 to \u20ac2,042\/m\u00b2. This is 3.6% below the historic peak recorded in June 2007.<\/p>\n<p>Second-hand home prices did not fall in any provincial capital over the past year. The biggest rises were in Soria (23.1%), Santa Cruz de Tenerife (20.9%) and Huesca (18.5%). Five cities ended 2023 at record prices: Madrid (\u20ac4,118\/m\u00b2), C\u00e1diz (\u20ac2,786\/m\u00b2), M\u00e1laga (\u20ac2,668\/m\u00b2), Las Palmas de Gran Canaria (\u20ac2,201\/m\u00b2) and Alicante (\u20ac1,915\/m\u00b2).<\/p>\n<p>Alicante saw significant rises in both sale prices (17.5%) and rents (16%, to \u20ac10.8\/m\u00b2 a month). The most expensive homes for sale are in the city centre (\u20ac2,597\/m\u00b2) and in four of the ten districts: Playa de San Juan-El Cabo (\u20ac2,738\/m\u00b2), Parque Avenidas-Vistahermosa (\u20ac2,176\/m\u00b2), San Blas-PAU (\u20ac1,796\/m\u00b2) and Pla del Bon Rep\u00f3s-La Goleta-San Ant\u00f3n (\u20ac1,706\/m\u00b2). The biggest price rises were recorded in Pla del Bon Rep\u00f3s-La Goleta-San Ant\u00f3n (28.4%), Parque Avenidas-Vistahermosa (22.9%), Villafranqueza-Santa Faz-Monnegre (19.8%) and Campoamor-Carolinas-Altozano (19.5%).<\/p>\n<p>The rental market also showed double-digit growth in all the districts analysed. The centre (16.4%), Los \u00c1ngeles-T\u00f3mbola-San Nicol\u00e1s (14.5%) and Playa de San Juan-El Cabo (12.8%) stand out in particular. The most expensive places to rent are Playa de San Juan-El Cabo (\u20ac12.3\/m\u00b2 a month), the centre (\u20ac11.2\/m\u00b2) and Pla del Bon Rep\u00f3s-La Goleta-San Ant\u00f3n (\u20ac10.9\/m\u00b2).<br \/>\n<\/p>","protected":false},"excerpt":{"rendered":"<p>According to the latest study by the property portal Idealista, by the end of 2023 the average rent in Spain&#8230;<\/p>\n","protected":false},"author":3,"featured_media":523753,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34,1],"tags":[],"class_list":["post-523752","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-realestate","category-articles"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Spanish cities where home prices and rents peaked in 2023<\/title>\n<meta name=\"description\" content=\"In more than half of Spain&#039;s provincial capitals (28 of 52), rents hit a record in December, and resale prices rose by 8.1% in 2023.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/alegria-premium.com\/en\/articles\/spanish-cities-where-prices-for-home-sales-and-rentals-have-reached-maximum\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Spanish cities where home prices and rents peaked in 2023\" \/>\n<meta property=\"og:description\" content=\"In more than half of Spain&#039;s provincial capitals (28 of 52), rents hit a record in December, and resale prices rose by 8.1% in 2023.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/alegria-premium.com\/articles\/spanish-cities-where-prices-for-home-sales-and-rentals-have-reached-maximum\/\" \/>\n<meta property=\"og:site_name\" content=\"New-build property in Spain. 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