Compiled with the help of artificial intelligence, based on Spanish-language information. Source below the article.
Tenerife’s most exclusive address
Where is the most expensive street in the Canary Islands? The answer lies in Tenerife, specifically in the municipality of Adeje. Avenida de la Macaronesia has become the archipelago’s most exclusive residential address, with an average property price of €5.95 million, according to a study by the property portal Idealista.
The figure places this avenue in the south of Tenerife among the most expensive residential areas in Spain. Owners marketing their homes on this avenue start, on average, at a price close to six million euros. This data not only makes Avenida de la Macaronesia the most expensive street in the Canary Islands, but also positions the archipelago among the autonomous communities where the most exclusive residential addresses far exceed the million-euro average.
Close to Barcelona’s Tibidabo
Avenida de la Macaronesia occupies a prominent position on the national map of streets with the most expensive homes. Its average price of €5.95 million is almost on a par with Calle del Tibidabo in Barcelona, where prices reach €5.98 million.
Above the Adeje avenue, however, are some of the country’s most exclusive residential locations. The top spot goes to Camino del Salinar in Andratx (Mallorca), where owners ask an average of €15 million per home. Second place is held by Paseo de los Lagos in the La Finca development in Pozuelo de Alarcón (Madrid), with an average price of €11 million, while third position corresponds to Coto Zagaleta in Benahavís (Málaga), where homes reach an average of €10.5 million.
The national top ten
The national top ten is completed by various addresses in the Balearic Islands, Madrid and Málaga. These include Calle Mossa in Palma, at €9.8 million; Paseo del Conde de los Gaitanes in La Moraleja, at €8.9 million; and Calle Binicaubell, also in Palma, at €7.9 million.
The map of Spain’s luxury property market is dominated by the Balearic Islands, Madrid and Andalusia. The most expensive street in the country is Camino del Salinar in Andratx (Mallorca), where owners ask an average of €15 million per home. It is followed by Paseo de los Lagos, in the exclusive La Finca development in Pozuelo de Alarcón (Madrid), with an average price of €11 million. Third place goes to the Coto Zagaleta development in Benahavís (Málaga), where homes reach an average of €10.5 million.
In fourth place is Calle Mossa in Palma, with an average price of €9.8 million, followed by Paseo del Conde de los Gaitanes in La Moraleja (Madrid), at €8.9 million. Sixth position takes the ranking back to Mallorca, specifically Calle Binicaubell in Palma, where an average of €7.9 million is asked. Next comes Calle Osa Menor in Marbella, at €7.85 million. Madrid reappears in eighth and ninth place with Calle Serrano and Calle José Ortega y Gasset, both with an average price of €6.95 million. The top ten is closed by the Cascada de Camoján development in Marbella, with an average of €6.395 million.
How the Canaries compare
Behind these ten locations lies Calle del Tibidabo in Barcelona, at €5.98 million, and practically at the same level is Avenida de la Macaronesia in Adeje, at €5.95 million, the most expensive residential address in the Canary Islands.
The case of Tenerife also serves to measure the gap between the Canary Islands’ luxury property market and that of other regions. Eight autonomous communities have at least one street where the average home price exceeds one million euros. The Balearic Islands, Madrid and Andalusia account for the top ten positions in the national ranking. They are joined by Catalonia, the Canary Islands, the Valencian Community, Galicia and the Basque Country.
The Canary Islands occupy second place among these five communities appearing outside the top ten, with €5.95 million on average on its most expensive street, just behind Catalonia, where the most exclusive avenue reaches €5.98 million. The Valencian Community stands at €4.2 million, while Galicia reaches €1.98 million and the Basque Country €1.79 million.
At the opposite end of the scale is Castilla-La Mancha, whose most expensive street has an average price of €335,000. It is followed by Extremadura, at €475,000, and Asturias, at €490,000.
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