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Granada's property market shows strong growth with residential prices averaging €2,185–2,455 per square meter as of September 2025.
The city center commands premium prices around €2,831 per square meter, while northern districts offer more affordable options at approximately €1,317 per square meter. Property values have increased 10-14% over the past year, driven by limited supply and steady demand from both residents and investors.
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Granada's residential property market averages €2,185–2,455 per square meter with significant neighborhood variations.
City center properties command the highest prices while northern districts offer the most affordable options for buyers.
| Category | Price Range (€/m²) | Key Details |
|---|---|---|
| City Average | €2,185 - €2,455 | 10-14% increase from 2024 |
| Centro (City Center) | €2,831 | Highest premium location |
| Norte District | €1,317 | Most affordable urban area |
| Apartments | €2,765 | Higher than house average |
| Rental Market | €10.64/month | 8% increase from 2024 |
| New Construction | +10-25% premium | Over older properties |
| Urban Land Plots | €250 - €500 | Varies by location and services |
What's the current average price per square meter in Granada right now?
As of September 2025, the average price for residential property in Granada city ranges between €2,185 and €2,455 per square meter.
This pricing reflects a robust market with strong buyer demand across various property types. The city has experienced significant growth in property values, making it one of the more dynamic markets in the region.
These figures represent sale prices for existing properties and include both apartments and houses within the city limits. The pricing data shows Granada maintains competitive property values compared to other major Spanish cities while offering good value for investors.
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How does the price per square meter vary between different neighborhoods in Granada?
Neighborhood variations in Granada create significant pricing differences across the city's districts.
Centro (city center) commands the highest prices at approximately €2,831 per square meter, reflecting its prime location, historical significance, and proximity to major amenities. This central area attracts both local buyers and international investors seeking prestigious addresses.
Norte district offers the most affordable options at around €1,317 per square meter, making it attractive for first-time buyers and budget-conscious investors. Other cost-effective neighborhoods include Chana and Zaidín, where average property prices reach €310,500 and €341,324 respectively for complete properties.
The price gap between the most expensive and cheapest neighborhoods exceeds €1,500 per square meter, providing options for various budget levels and investment strategies.
What's the average price per square meter for new builds versus older properties in Granada?
New construction properties in Granada typically command a 10-25% premium over older, resale properties.
This premium reflects modern building standards, updated amenities, energy efficiency features, and contemporary design elements that buyers value. New builds also offer warranties and require less immediate maintenance compared to older properties.
While specific Granada figures weren't detailed in current market data, this premium range aligns with national Spanish trends where new constructions consistently outprice resale properties. Buyers pay extra for modern conveniences, better insulation, updated electrical and plumbing systems, and compliance with current building codes.
The premium justifies itself through lower maintenance costs, improved energy efficiency, and higher rental yields that new properties typically generate in the Granada market.
What's the current price range per square meter for apartments compared to houses in Granada?
Apartments in Granada average approximately €2,765 per square meter, while houses typically price lower per square meter.
The apartment premium reflects several market factors including prime locations, lower maintenance requirements, and higher demand from young professionals and investors. Apartment buildings often occupy central locations with better access to public transportation and urban amenities.
Houses generally offer more space but at lower per-square-meter costs, especially in suburban areas where land availability allows for larger properties. The trade-off involves location convenience versus space and privacy.
This pricing dynamic makes apartments attractive for rental investment strategies while houses appeal to families seeking more living space and privacy at better per-square-meter value.
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How have average prices per square meter in Granada changed over the past 12 months?
Granada property prices have increased by 10-14% over the past 12 months, showing strong market momentum.
Sales prices experienced this significant growth from August 2024 to September 2025, indicating a seller's market with strong buyer demand. This growth rate substantially exceeds general inflation, making property ownership profitable for existing homeowners.
Rental prices also increased by approximately 8% during the same period, now averaging €10.64 per square meter per month across the city. This rental growth supports the investment case for property buyers seeking rental income.
The consistent growth across both sales and rental markets demonstrates Granada's market strength and suggests continued investor confidence in the area's property sector.
What's the projected price trend per square meter in Granada for the next year?
Market analysts predict continued price growth of 3-6% annually for 2025-2026 in Granada's property market.
This projected growth rate, while more moderate than the recent 10-14% surge, still indicates a healthy, appreciating market. The forecast reflects ongoing housing shortages and steady demand from both domestic and international buyers.
Leading market indicators support this outlook, including low inventory levels, continued population growth, and sustained interest from investors and residents. Construction costs and limited buildable land within the city also support price stability.
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What's the highest and lowest recorded price per square meter in Granada at the moment?
Current market data shows the highest prices in Centro district reaching €2,831 per square meter, while Norte district offers the lowest at €1,317 per square meter.
Premium buildings in central locations may exceed the Centro average, particularly for luxury developments or historic properties with unique features. These top-tier properties can command significantly higher prices due to exceptional locations or architectural significance.
Outside the city limits, rural Granada province offers much lower prices, with some areas pricing as low as €122 per square meter for basic properties in less developed municipalities. These rural options attract buyers seeking agricultural land or development opportunities.
The dramatic price range from €122 to over €2,831 per square meter provides options for every budget level and investment strategy within the greater Granada area.
What's the price per square meter for properties in Granada's city center compared to the suburbs?
| Area | Sale Price (€/m²) | Rental Price (€/month/m²) |
|---|---|---|
| Centro (City Center) | €2,831 | €12.00 |
| Norte (Suburban) | €1,317 | Not specified |
| Genil (Lowest Rent) | Not specified | €8.82 |
| Chana (Affordable) | Lower than centro | Below city average |
| Zaidín (Affordable) | Lower than centro | Below city average |
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What's the average price per square meter for rental properties in Granada?
Rental properties in Granada average €10.64 per square meter per month as of September 2025.
This city-wide average represents a healthy rental market with steady demand from students, professionals, and tourists. The university presence and tourism industry create consistent rental demand throughout the year.
Provincial averages sit slightly lower at around €10.13 per square meter per month, indicating Granada city commands a premium over surrounding areas. Central locations like Centro charge higher rents around €12.00 per square meter monthly, while areas like Genil offer more affordable options at €8.82 per square meter monthly.
These rental rates provide attractive yields for property investors, especially considering the 8% annual growth in rental prices over the past year.
What's the price per square meter for commercial properties versus residential in Granada?
Commercial property pricing data for Granada remains limited, but commercial properties typically command higher prices in prime city center locations.
Commercial property values vary significantly based on location, property type, and intended use, making broad averages less meaningful than residential data. Retail spaces in Centro district likely exceed residential prices due to high foot traffic and business potential.
Office spaces, restaurants, and retail locations in tourist areas command premium prices, while industrial or warehouse properties in peripheral areas may price below residential averages. The commercial market operates differently from residential, with longer lease terms and business-focused valuations.
Investors should evaluate commercial properties based on rental yields and business potential rather than simple per-square-meter comparisons with residential properties.
What are the main factors currently influencing the price per square meter in Granada?
Several key factors drive current property pricing in Granada's market:
- High demand and limited supply - The city center faces particular constraints with limited available properties creating competition among buyers
- Rising construction costs - Material and labor cost increases directly impact new development pricing and overall market values
- Limited buildable land - Geographic constraints within the city proper restrict new development, supporting price appreciation
- University and tourism demand - Steady demand from students and tourists creates consistent rental markets and property investment appeal
- Economic stability - Regional economic growth and Granada's popularity as a lifestyle destination attract both domestic and international buyers
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What's the average price per square meter for land plots in Granada?
Urban buildable land plots in Granada range from €250 to €500 per square meter depending on location and available services.
This pricing reflects the value of development-ready land with proper utilities, road access, and building permits. Prime locations with excellent infrastructure command the higher end of this range, while peripheral urban areas offer more affordable options.
Non-urban or agricultural land presents dramatically different pricing, with rural plots available from €10 to €40 per square meter for undeveloped land. These rural options appeal to buyers seeking agricultural opportunities or long-term development potential.
The significant gap between urban and rural land prices reflects development potential, infrastructure availability, and proximity to city services and amenities.
Conclusion
This article is for informational purposes only and should not be considered financial advice. Readers are advised to consult with a qualified professional before making any investment decisions. We do not assume any liability for actions taken based on the information provided.
Granada's property market demonstrates strong fundamentals with consistent growth across all sectors.
The significant price variations between neighborhoods provide opportunities for different investment strategies and budget levels.
Sources
- Spain Houses - Granada Price Sales
- Indomio - Granada Capital Real Estate Market
- Idealista - New Construction vs Used Homes
- KM2 - New Build vs Resale Property
- Properstar - Granada House Prices
- Property Finder - Spain Price Forecasts 2025
- Idealista - Housing Price Rise Forecasts
- Indomio - Granada Province Market