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Spain’s Wealthiest Cities: Where Housing Is Most Expensive

Pozuelo de Alarcón, Sitges and Benahavís: Where Real Estate Breaks Records

Cities in Spain with the highest incomes and property prices have been identified. Leading the list are municipalities in Madrid, Barcelona, and other regions. The analysis covers the cost of resale housing and income levels.

Leaders in income and property values

Spain has once again identified the municipalities with the highest incomes and property prices. According to the latest data, Pozuelo de Alarcón (Madrid) retains its status as the country’s wealthiest city. The average annual income here is €88,011, while the price per square meter of housing reaches €4,795. In this respect, the city is second only to Sitges, where the price per square meter is even higher — €4,833.

Wealth map: Madrid and Barcelona

Most cities with high incomes and expensive real estate are concentrated in the provinces of Madrid and Barcelona. For example, Boadilla del Monte, neighboring Pozuelo de Alarcón, has an average income of €70,869 and home prices above €3,730 per square meter. In Catalonia, Sant Just Desvern stands out with an income of €67,265 and housing prices above €4,065 per square meter. The top list also includes Sant Cugat del Vallés, Matadepera, and Alella, where incomes exceed €62,000 and real estate prices range from €2,306 to €4,620 per square meter.

Exceptions outside major metropolitan areas

Among the 25 wealthiest municipalities in the country, only four are not located in Madrid or Barcelona. These include Aigües (Alicante) with an income of €60,883 and one of the most affordable home prices — €1,569 per square meter. In the Valencian Community, Rocafort (€55,901) and Corbera (€52,530) stand out, with housing prices at €2,540 and €798 per square meter, respectively. The list also features Santa Brígida (Canary Islands) with an income of €53,007 and a price of €1,540 per square meter.

Trends in prices and incomes

In the ten wealthiest cities in Spain, housing prices reached record highs by the end of September. Among them are Sitges, Pozuelo de Alarcón, Sant Cugat del Vallés, and Majadahonda (€4,218 per square meter). In other cities such as Las Rozas de Madrid, Sant Vicenç de Montalt, Torrelodones, and Lliçà de Vall, property prices also remain high. Some municipalities, like Alcobendas, recorded significant price increases—up to 31.9% in one year. In Pozuelo de Alarcón and Boadilla del Monte, prices grew by 21.8% and 21.5%, respectively. At the same time, certain cities saw a decline in property values, including Cabrera de Mar, Matadepera, L’Ametlla del Vallès, and Vallromanes.

The most expensive cities in the regions

The study also reviewed the most expensive cities across all autonomous communities. On the Balearic Islands, Esporles (Mallorca), with a population just over 5,000, boasts an income of €47,908 and housing prices at €4,361 per square meter. In Galicia, Oleiros (€47,098) offers more affordable real estate—€2,227 per square meter. In Castile and León, Simancas (Valladolid) has an average income of €44,067, with properties priced at €1,231 per square meter. In Toledo, Pepino offers housing at €1,101 per square meter with an income exceeding €38,280.

Andalusia: record prices in Benahavís

In Andalusia, Benahavís (Málaga) has been recognized as the wealthiest municipality with an income of €43,159. The highest property prices among all surveyed cities have been recorded here—€5,391 per square meter, marking a historic high for the region.

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