The area with the highest property price increase in Andalusia this year is El Pinar-Palacio de Congresos in Torremolinos, which has seen an impressive 37% rise in prices over the past 12 months, according to a report by the real estate platform Idealista.

Looking at the national level, the leader in property price growth for 2024 is Cuesta de la Villa in Santa Úrsula (Santa Cruz de Tenerife), with a staggering 42% increase. Following closely are central Santa Pola in Alicante and central Manacor in the Balearic Islands, both showing a 38% rise. El Fraile in Arona (Santa Cruz de Tenerife) and El Pinar-Palacio de Congresos in Torremolinos share the fourth spot with a 37% increase.

Areas with the Largest Price Drops

The Idealista report also highlights the areas in Spain experiencing the most significant property price declines. At the other end of the spectrum is Pedanías Norte in Utrera (Sevilla), where prices have dropped by 20% over the past year. This is followed by Teror in Las Palmas, La Hoya-Daimes-El Derramador in Elche (Alicante), and Escodines in Manresa (Barcelona), all witnessing an 18% price decrease in the last 12 months.

(Diario SUR)