Summer revival onshore sale markets show optimism about stability and even price gains, though supply remains tight, leaving the market clogged. Beachfront holiday homes often carry a lower price per square meter than properties in major Spanish cities, yet experts warn that limited supply could push values higher. The Idealista outlook notes that the supply of homes for sale in nearly all coastal areas of Spain has fallen significantly, contributing to price increases despite higher financing costs over the past year. As a result, available housing stock has dwindled in 19 of the 22 Spanish coastal provinces. Anyone seeking a beachfront home will find fewer options than a year ago.
In a market defined by the classic relationship between supply and demand and the cost of capital, price gaps remain wide even within the same region. A sea view can command roughly 50 percent more than a home on the second row. As the distance from the shore increases, the value of the property with similar characteristics tends to fall. The shortage of true first-line homes justifies these pricing differentials.
price development
The supply contraction, not measured directly by the Idealista report but evident from its site, has driven higher prices along all Spanish coastlines with one exception: the green beaches of Asturias where prices held steady. The Costa del Sol posted the largest rise this year, driven by owner expectations increasing by about 14 percent. Following regions saw notable gains on the coast: the Balearic Islands 12 percent, the Costa Blanca in Alicante 11 percent, the Costa de la Luz in Cadiz 11 percent, and the coastal areas of Santa Cruz de Tenerife 10 percent.
Valencia Beach, Las Palmas, and Gipuzkoa rose in the single digits, about 8 percent in three cases. The Costa de la Luz, Costa Tropical, Murcian Costa Cálida, and the Costa de Almería each grew about 6 percent along four coasts. The Costa Dorada in Tarragona, the Costa de Azahar in Castellón, and the Costa Brava in Girona shared 5 percent growth. The Cantabrian Coast grew 4 percent, while the smallest increases were seen in Barcelona’s Rías Baixas, Biscayan Beach, and Costa da Morte at 3 percent. La Mariña Lucense and Costa Maresme posted a 1 percent uptick.
The Balearic Islands hold the highest coastal prices in Spain at 3,746 euros per square meter, followed by Guipúzcoa at 3,392 euros per square meter, the Costa del Sol at 2,849 euros per square meter, Vizcaya Beach at 2,721 euros per square meter, and Costa Maresme at 2,679 euros per square meter. Other coastal areas exceed 2,000 euros per square meter, including Santa Cruz de Tenerife at 2,201 euros, Costa Brava at 2,194 euros, and Las Palmas at 2,127 euros per square meter.
The Idealista report notes the sharpest declines on some coastal fronts in Turkey, with Tenerife Santa Cruz down around 30 percent and the Valencia coast down about 18 percent. The Costa da Morte in A Coruña, the Costa de la Luz, and the Costa da Mariña Lucense in Huelva also saw double-digit declines, with Las Palmas at around minus 14 percent and the Asturian Costa Verde down about 13 percent. The Cantabrian Coast fell roughly 12 percent, the Balearic Islands about 11 percent, and Rías Baixas in Pontevedra around minus 10 percent.
In contrast, Marina Lucense coastal markets reported among the lowest prices, with prices near 993 euros per square meter. The Murcian Costa Cálida stood at about 1,130 euros per square meter, the Costa de Almería at 1,154 euros per square meter, and the Costa del Azahar around 1,164 euros per square meter.