The most expensive street in the Canary Islands to buy a property is located in the upscale municipality of Adeje, on the island of Tenerife. Specifically, Avenida de la Macaronesia has emerged as the priciest location for real estate in the entire archipelago, with homeowners asking an average of over 5.66 million euros per property. This prestigious street is known for its luxurious villas, stunning ocean views, and proximity to exclusive amenities, making it highly desirable for affluent buyers.
This finding comes from a recent study conducted by Idealista, one of Spain’s leading real estate platforms, which also provides insight into the most expensive streets across the country. Nationally, the title of the most expensive street goes to the Costa del Sol, specifically the Coto Zagaleta urbanization in Benahavís, Málaga, where properties average over 12 million euros.
Following closely is Paseo de la Marquesa Viuda Aldama in La Moraleja, Madrid, with an average price of 11,324,500 euros, and the Lomas Marbella Club residential development on the Costa del Sol, where homes cost around 9.47 million euros on average.
In addition to these top-tier locations, the study highlights other expensive streets across Spain, including Avenida Supermaresme in Sant Andreu de Llavaneres, Barcelona, with properties averaging 8.93 million euros, and Calle Pez Austral in Marbella, with an average price of 8.93 million euros as well.
This data illustrates the significant variations in property prices across Spain, with coastal and luxury urban areas commanding the highest premiums. For those interested in high-end real estate, these areas offer some of the most exclusive and costly properties in the country.
Moreover, the study provides a detailed analysis of the most expensive streets in each of Spain’s 17 autonomous communities. While the Canary Islands boast Avenida de la Macaronesia as their top location, other regions also feature high-value streets, such as those in Valencia, the Basque Country, and Cantabria, where average property prices exceed one million euros. At the other end of the spectrum, the least expensive regions include Extremadura, Navarre, and La Rioja, with their most costly streets averaging well below the prices seen in more affluent areas.
This detailed analysis by Idealista underscores the significant disparity in property values across Spain, highlighting the specific locations where the wealthiest buyers are willing to invest.
