News - coastal property

The average price of the new house in the coast of Spain grew a 11.4% in 2006
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Costa del Sol, 01/06/2007 11:09:10

Coastal property in Spain
Old town of Marbella in Costa del Sol, Spain

The average price of the new house in Spanish coasts reached 2.488 euros by constructed square meter in 2006, which supposes an increase of 11.4% with respect to the previous report, according to Spanish Taxation Office. The most expensive properties, with average prices superior to the 3,000 euros by square meter, are in Barcelona (4,192 euros/m² San Sebastián (3,807 euros/m²), Sitges (3,125 euros/m²) and Casteldefels (3,029 euros/m²).

The greater property price increases took place in those areas where the cost by square meter was relatively low. It is the case of Roda de Barŕ, that had a spectacular increase of 28.5% until reaching the 2,127 euros by square meter in the last registered twelve months, followed by Deltebere, with an increase of 27.6% and of Amposta, with an increase of 25.3% experienced.

In Andalusia, Marbella continues being the most expensive area of Costa del Sol, with an average price by square meter constructed of 2,424 euros and an increase of 8.1% in 2006.

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