Mallorca holds a prominent position among Spain’s most exclusive residential markets. Three of the ten most expensive streets in Spain to buy a home are on the island. The top spot also goes to Camí des Salinar, in Andratx, according to a study published by property portal Idealista.
Owners of homes advertised on this street are asking for an average of €15 million. This puts Camí des Salinar well ahead of the other addresses analysed.
Mallorca also appears in fourth and sixth place in the ranking. Both streets are in Palma. Carrer Mossa has an average asking price of €9.8 million, while Carrer Binicaubell reaches €7.9 million.
Andratx tops the ranking of Spain’s most expensive streets
With an average price of €15 million, Camí des Salinar makes Andratx the municipality with the most exclusive address in the study. The difference compared with second place is €4 million.
Second place goes to Paseo de los Lagos, in Pozuelo de Alarcón (Madrid), with an average of €11 million. The Coto Zagaleta development, in Benahavís (Málaga), ranks third at €10.5 million.
Mallorca appears again immediately afterwards. Carrer Mossa, in Palma, ranks fourth with an average price of €9.8 million.
Two Palma streets among Spain’s top six
Mallorca’s presence in the ranking is completed by Carrer Binicaubell. This Palma street occupies sixth place in Spain, with homes advertised for an average of €7.9 million.
This means that three of the top six positions in the ranking are in Mallorca. The island shares the spotlight in the top 10 with Madrid and Málaga.
The full ranking includes four addresses in Madrid. Alongside Paseo de los Lagos are Paseo del Conde de los Gaitanes, Serrano and José Ortega y Gasset. Málaga is represented by Coto Zagaleta, Osa Menor and the Cascada de Camoján development.
The three Mallorca streets in Spain’s top 10
- 1. Camí des Salinar (Andratx): €15 million
- 4. Carrer Mossa (Palma): €9.8 million
- 6. Carrer Binicaubell (Palma): €7.9 million
The Idealista study analyses the average absolute price of homes advertised on the same street. It includes different types of property, from flats and penthouses to detached houses. To avoid distortions, the property portal only includes streets with a significant minimum number of listings.
The figures therefore reflect the average asking prices of properties available on each street. They do not necessarily mean that these streets contain the most expensive individual homes on the market.
The comparison by autonomous community also places the Balearic Islands in first place. Madrid’s most expensive address reaches €11 million and Andalusia’s €10.5 million. Further behind are Catalonia, at €5.98 million, and the Canary Islands, at €5.95 million.
Leave A Comment