The most surprising thing in Spain’s latest property data? In Valencia and Palma, bigger apartments can actually be cheaper per square metre than smaller ones. That flips a common housing-market rule on its head and suggests there may be real value hiding in plain sight for buyers willing to look beyond the usual “small is premium” assumption.
In Valencia, the median price drops from €2,947/m² for smaller apartments to €2,000/m² for larger ones — a 32.1% discount. Palma shows the same pattern, though less dramatically, with large units at €5,042/m² versus €6,176/m² for smaller homes, or an 18.4% discount. Even more interesting: in Valencia, the biggest homes in the sample (150m²+) fall to a median of just €1,370/m².
For buyers, that means the “upgrade” to more space may not always come with a proportional price jump. For investors, it raises a bigger question: are larger apartments in these cities being undervalued, or are smaller units simply being priced at a premium because of demand and scarcity?
Read the full analysis with interactive charts and district-level data on Realty Pulse
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