Price per square metre in Spain in 2026, city by city

Understanding the price per square metre in the area you're interested in is the first step towards any well-founded property decision. In 2026, the Spanish market shows significant differences between cities: while some prime areas of Madrid and Barcelona exceed €6,000-8,000/m², there are provincial capitals where you can buy for less than €1,000/m². Here is the up-to-date picture.

The most expensive cities and areas (2026)

• San Sebastián (Donostia): Consistently the most expensive, with average prices above €5,500/m². The structural shortage of building land and high demand keep it at the top.
• Madrid city: An average of €4,500-5,500/m² in the central districts (Salamanca, Chamberí, Retiro). It falls to €2,500-3,500/m² in the outer districts.
• Barcelona: An average of €4,000-5,500/m² in the Eixample, Gràcia and Sarrià. Rent regulation hasn't managed to slow the rise in purchase prices.
• Marbella and the prime Costa del Sol: €4,000-6,000/m² in luxury areas, driven by foreign demand.
• Palma de Mallorca: €3,500-4,500/m². International demand and the scarcity of available land keep it at high levels.

The cities with the best balance of price and quality (2026)

• Zaragoza: €1,500-2,000/m². A candidate for capital growth thanks to its logistics position and business growth.
• Valencia city: €2,000-2,800/m². Well below Madrid and Barcelona despite growing demand.
• Seville city: €1,800-2,500/m². An active market, with prices still reasonable outside the tourist areas.
• Alicante city: €1,600-2,200/m². High rental yields and a growing number of digital nomads.
• Murcia city: €1,000-1,400/m². One of the most favourable price-to-rent ratios in the country.

How prices have moved since 2025

The Spanish market is still showing an overall upward trend, but at very different speeds. Madrid and the big capitals have had 3-4 years of sustained rises. Medium-sized cities are now going through their own upswing, driven by demand moving out of the most expensive cities. Rural areas remain stagnant, except for a few with an active tourist trade.

Check prices in real time: Go to the RadarPro analysis to see the up-to-date price per square metre in any area, or explore available assets in Madrid, Barcelona and Valencia.