Splash the cash: These are the most expensive places to buy homes in Spain

IF you want to buy a home in Benahavis (Malaga), Calvia (Mallorca, Balearic Islands) or Pozuelo de Alarcon (Madrid) you are going to have to splash out an average of more than €1.1 million.

And rentals are hardly less affordable at an average of €1,900 a month in what have been listed as the three priciest municipalities in Spain.

Of the three, Benahavis – home to the ultra-exclusive La Zagaleta estate where Hugh Grant, Rod Stewart and Vladimir Putin are rumoured to have homes – is the most expensive. Here property prices are an average of €1.5 million, according to real estate portal Idealista.

In Calvia the average asking price is €1.178 million, just pipping Pozuelo de Alarcon, which is at €1.176 million.On the Costa Blanca the highest entry on the list is Javea (€634,000) for seventh spot, while Altea is in ninth (€561,000).

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