16 Feb, 2023 @ 16:30
1 min read

Cheapest property prices in Spain can be found in central city known for ceramics

Cheapest Property Prices In Spain Are Found In Central City Known For Ceramics
Cheapest property prices in Spain to be found in central city known for ceramics

TALAVERA DE LA REINA in Toledo province- known for its ceramics industry and popular with tourists- has the cheapest properties for sale coming in at just €350 per m2.

The city in central Spain came top of a survey conducted by property appraisal firm Tecnitasa.

It was followed by the Carrus district of Elche and the Juan XXIII neighbourhood in Alicante-both on €440 per m2- with the two districts regarded as deprived areas.

The low prices contrast with €11,400 per m2 in Madrid’s Calle Serrano or just €10,000 on Barcelona’s Paseo de Gracia, which are the highest prices in the country.

Prices in parts of San Sebastian come in at over €8,000 followed by Bilbao on €5,750 and parts of downtown Malaga at €5,500.

The best areas of Cadiz fetch prices of around €5,200 per m2.

Palma in Mallorca has seen an 11% rise in property prices around the Paseo Maritimo at €5,000, with the highest charges outside Spain’s mainland.

Non-provincial capital area costs are led by Marbella’s Puerto Banus- also at €5,000 per m2.

Tecnitasa says that it expects to prices in sought-after areas to rise at least 4% this year.

Alex Trelinski

Alex worked for 30 years for the BBC as a presenter, producer and manager. He covered a variety of areas specialising in sport, news and politics. After moving to the Costa Blanca over a decade ago, he edited a newspaper for 5 years and worked on local radio.

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