According to an analysis carried out by Idealista, the five most expensive properties currently for sale in Spain are located in the province of Malaga. Topping the list is a luxurious mansion located in Las Lomas, Marbella, with a value of 35 million euros, and an extensive plot of 8,800 square meters. But, there is a house in Canary Islands that does not stay behind.
It is a traditional Canarian construction with history. Originally “built in the 1930s, extensions were later added in the 1970s, including houses for workers. The property used to be used for farming, growing tomatoes, bananas and other fruit trees.” Over time, these villas remodeled in 2015 have been used for rural tourism, presenting a business opportunity.
Its price reaches 15 million euros
Located in Pal Mar, Arona, the property “includes areas of banana trees, Canary Island palm trees and other fruit trees such as orange, mango and avocado trees.” With a strategic location, “just five minutes from the South highway and ten minutes from the South airport of Tenerife“, The most expensive house in the Canary Islands offers 996 square meters built, 830 useful square meters, 19 bedrooms, 11 bathrooms, terrace and pool on a total plot of 1,500,000 square meters.
The set of villas is integrated into an open-air banana plantation, along with large and medium-sized trees, such as laurels and flamboyants, creating a unique opportunity to acquire a property with a rich history.
According to a recent study carried out by Idealista, there are only five municipalities in all of Spain where it is possible to buy homes for less than 450 euros per square meter. These localities are found in Córdoba, Murcia, Ciudad Real and, in the case of Canary Islandsin it municipality of El Tanque, in the tenerife islandwhere the average value is 896 euros per square meter.
The analysis of Idealistic it also identifies the most affordable municipalities in each autonomous community. In the Balearic Islands, Sant Joan leads the list with an average price of 1,237 euros per square meter, while in the Canary Islands El Tanque stands out with 896 euros per square meter. In Cantabria, the cheapest municipality is Campo de Enmedio, with a value of 707 euros.
Each region of Spain presents a variability of prices in the real-estate market, which offers attractive options for those interested in buying homes with more affordable prices. This study provides an overview of the different alternatives available in various areas of the country.
