A STREET in Murcia has been declared the area with the most expensive homes in the region.
According to a study undertaken by ‘Marketplace’, the Avenida Vía Alfonso X El Sabio de Murcia features homes that are currently on the market for an average price of €555,385. Despite this amount, the region of Murcia is the fourth lowest among the autonomous communities throughout Spain, beating those registered by Navarra with €546,167, La Rioja (€530,786) and Extremadura the lowest on the list with €397,564.
For the purposes of this particular study, ‘Marketplace’ has studied the average price of all types of housing (flats, studios, penthouses, villas) advertised for sale on the same street. To avoid fluctuations in the results, only those streets with a minimum of 10 properties for sale were taken into account. Therefore, the study only shows the average prices for the particular street.
At the other end of the scale is an urbanisation found along the coast from Marbella on the Costa del Sol. Owners on La Zagaleta in Benahavís are asking for an average €5,611,875 for anyone wanting to buy one of these luxury villas.
Neighbourhoods in Madrid and Barcelona also feature streets where the average asking price is around the €5m mark.