A billionaire’s playground on the Costa del Sol where Putin has a house tops the ranking, but five coastal towns in Murcia and Alicante also make the list
The study found that the municipality of Benahavís in Malaga province on the Costa del Sol was the most expensive place to buy and rent property in Spain.
In second place was Calvià in Mallorca and in third place was Marbella, also in Malaga. In all three of these localities, the average house price is over one million euros, and rental prices are in excess of 2,800 euros/month.
Benahavís, the billionaire’s playground in Spain
The reason that the Malaga town of Benahavís is in the lead is that it has some of the most exclusive urbanisations and gated communities in Spain, such as the famed La Zagaleta, where multimillionaires as diverse as Simon Cowell, Lord Alan Sugar and Vladimir Putin.
Here, buying a home will set you back an average of 1.8 million euros, whereas property prices in neighbouring Marbella are a much more affordable 1.1 million.
The top 10 most expensive places to purchase property in Spain
- Benahavís, Malaga (1.8 million euros)
- Calvià, Mallorca (1.4 million euros)
- Marbella, Malaga (1.1 million euros)
- Sotogrande, Cadiz (865,000 euros)
- Sitges, Barcelona (681,000)
- Casteldefells, Barcelona (638,990 euros)
- Jávea, Alicante (721,000 euros)
- Eivissa, Ibiza (681,000 euros)
- Altea, Alicante (605,000 euros)
- Llucmajor, Mallorca (570,600 euros)
Image: Archive
Source: Murcia Today