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Spanish property price moves

Barcelona has been overtaken by the Balearic Island of Ibiza as the most expensive destination in Spain to buy a Spanish property.

The average price of a home in Spain’s second-largest city is currently 615,000 euros, while on the renowned party island of Ibiza you should expect to part with closer to 648,000 euros.

According to this makes the average cost of properties in Barcelona and Ibiza 147 per cent and 160 per cent more expensive than the national average respectively. The average price of a Spanish property is currently 249,000 euros, down 6,000 euros from the month before.

The province of Cuenca, located in central-eastern Spain, is by far the cheapest place in the country to buy a property, with the average cost of a home there selling for just 39,000 euros.

Other data released by reveals that properties in the Malaga province are the most sought-after by overseas buyers, while a majority of purchasers are seeking three-bedroom Spanish properties that cost between 50,000 and 150,000 euros – this is despite the fact that only six of the 27 areas used in the research boasted average prices under 150,000 euros.

However, while Barcelona may no longer top the list of most expensive Spanish properties, it has recently been named the number one destination for a family short break.

According to a poll carried out on 800 British parents by travel website, Barcelona is the nation’s top choice for a short break holiday, polling 23 per cent of the overall vote, and beating London into second place.

“It seems that parents and kids simply couldn’t get enough of Barcelona,” said Lucy Ace, managing director of the website. “It is a wonderful family destination. With its tapas bars, wonderful human statues along Las Ramblas, its quirky Gaudi architecture, award-winning aquarium, great zoo, cable cars and Parc Guell.

“Plus the city is just a short train journey to the beach resort of Sitges, which is well equipped for kids. And like all the cities listed in our poll, it is in easy reach with more and more good value flights available,” she added.

Therefore, even though you may have to pay well above the national average price of a Spanish property to secure your pad in Barca, choose wisely and you should certainly stand a good chance of letting it out to the hordes of Brits looking to visit the city on a short break.