Bilbao: from industrial center to a city of luxury real estate
The city of Bilbao in northern Spain has transformed over the past decades from an industrial giant into one of the most attractive places for living and investment. Founded in the 14th century, it was long known as a hub for metallurgy and shipbuilding. However, since the late 20th century, Bilbao has changed dramatically: the emergence of new cultural landmarks like the Guggenheim Museum, along with large-scale waterfront redevelopment, have made the city a symbol of modern urbanism. These changes have also impacted the housing market: the most prestigious neighborhoods have become highly sought after by those who value comfort and status.
Elite neighborhoods: where the most expensive apartments are concentrated
Bilbao’s most prestigious districts are located in the city center. Abando and Indautxu stand out for their architecture, well-developed infrastructure, and proximity to cultural attractions. Here, you’ll find both historic mansions and modern residential complexes with panoramic views. Particular attention is drawn to Campo Volantín Avenue and the Abandoibarra area near Doña Casilda Park. In these locations, property prices per square meter far exceed the city average. The surrounding areas are also popular: Getxo has long been home to the local elite, while new residential complexes in Santutxu and Basurto are increasingly in demand among high-income families.
Real Estate Market: Prices and Unique Offers
In 2025, the average price per square meter in Bilbao is €3,709, but in luxury neighborhoods this figure can reach €5,000 or more. The market features both spacious apartments in historic buildings and modern flats with exclusive city views. For example, in the Abando district, you can find five-room apartments over 300 square meters for €2.5 million. In Indautxu and along Campo Volantin Avenue, properties are also available in the €1.8–2.5 million range. Some homes are equipped with multiple kitchens and large terraces, which are especially valued by buyers.
Celebrities and Newcomers: Who Chooses Bilbao
The city and its surroundings attract not only local entrepreneurs, but also renowned athletes and showbiz personalities. Prestigious districts are home to Athletic Club footballers Nico and Iñaki Williams, as well as model Jon Kortajarena. In the nearby suburb of Getxo, you may spot international stars, including actors Michael Douglas and Catherine Zeta-Jones, who own property here. This interest from celebrities further fuels demand for luxury real estate.
Price Trends and Affordability: What Does It Cost to Live in Bilbao
Buying an apartment in Bilbao requires significant investment: analysts estimate that purchasing a home takes up about 22% of a family’s income, while renting accounts for around 31% of monthly earnings. In upscale neighborhoods, these figures can be even higher. The average rent in the city is approaching 15 euros per square meter, and in top districts, this rate can be twice as high. The most expensive areas include Abando-Albia, Indautxu, Sabino Arana-Jesuitas, Ametzola, and Basurto. In these districts, housing prices are steadily rising, and demand remains strong even with limited supply.
Choosing a neighborhood: what to consider when buying
Potential buyers and renters should consider not just the price, but also infrastructure, transport accessibility, and safety. Each Bilbao neighborhood has its own character: the historic Casco Viejo offers unique renovated properties, while the modern riverfront districts feature new residential complexes with high levels of comfort. Depending on your budget and preferences, you can choose classic apartments in the city center or spacious flats in new buildings on the outskirts.
