How much is a three-bed Villa on the Costa del Sol?
April 26th, 2005
The NEW kyero price report is updated and published every month to address questions like this one. You can download your free copy of the current report by clicking the link at the end of this article.
The report is categorised by number of bedrooms and Spanish province. If you want to know, for example, the average price of a three-bed property in Cadiz, you would find that information on page 3. On the same page, you also learn how many properties were used to calculate this ‘average’ and how this type of property in Cadiz compares to the ‘national average’.
What do the numbers mean and where do they come from?
The average prices in the report are generated from the advertised property prices on kyero.com. Approximately 10,000 properties are actually used to calculate the average prices because a weeding out process tidies up the data to make it more statistically relevant.
What are the numbers good for?
There are three main ways that the report can help you:
- Understanding the price differential between properties within the same province: A two-bed apartment in Malaga costs €290K while a three-bed requires an extra €40K
- Comparing prices between ‘similar’ locations: The price of a one-bed property only varies by 13% between the islands of the Balearics and the Canaries
- Establishing a baseline to help when assessing the value of any particular property: If the average price of a two-bed property in Granada is €167K, why is THIS property €25K cheaper?
