Franchise Engel & Völkers Spain
The most expensive streets in Spain are located in San Sebastián and Barcelona - Engel & Völkers' first ranking of Spanish streets
- San Sebastián's Hernani Street is in the first place, with 12,700 euros price / sqm, followed closely by Pearson Avenue in Barcelona
- In Madrid, Serrano Street and Independencia Plaza are quoted at 10,000 euros / sqm and in sixth place, behind Zubieta and Paseo de Miraconcha in San Sebastián, and Paseo de Gracia in Barcelona
- The large stately buildings overlooking apartments are some of the most sought-after properties in various locations
According to the data released by Engel & Völkers, among the top five Spanish cities (Madrid, Barcelona, Valencia, Bilbao and San Sebastián) San Sebastián's Hernani Street and Barcelona's Pearson Avenue are the most expensive locations in Spain. The properties in San Sebastián's Hernani Street reach as high as 12,700 euros / sqm which is a rise of 6% compared to the previous year. The value of properties at this exclusive address is the most appreciated in the Catalan capital.
San Sebastián's Zubieta street, where the price per square metre stands at 11,500 euros is in third place, followed by Paseo de Gracia in Barcelona, with 11,000 euros / sqm, which is practically equal to Donostiarra (San Sebastián) Paseo Miraconcha at 10,900 euros / sqm.
The best locations in Madrid are sixth with prices reaching as high as 10,000 euros / sqm. Residential streets like Serrano or the emblematic Independencia Plaza are placed in the lead at 9,500 euros / sqm compared to the other streets in Madrid such as Doctor Arce which is located in the prestigious neighbourhood of El Viso and exceeds Rambla de Catalunya's price of 8,500 euros / sqm.
Bilbao comes next, where the most expensive properties are close to the Guggenheim Museum located in the exclusive Euskadi Plaza. These are listed at 5,600 euros / sqm, almost double the price of the best streets in Valencia. With prices slightly exceeding 3,000 euros / sqm in Colón Street and Paseo de la Alameda, a real estate investor can find exclusive penthouses located in the centre of Valencia for 3,200 euros / sqm.