en.Wedoany.com Reported - The Spanish real estate portal pisos.com recently released an analysis report indicating that 31% of properties in Spain feature a terrace, a characteristic that increases their average value in real estate transactions by 17% compared to similar homes without one. Taking a typical 90-square-meter home as an example, the average price in a real estate transaction rises from €299,790 without a terrace to €349,992 with one, a difference of over €50,000.
Ferran Font, Director of Studies at pisos.com, stated: "Today's homebuyers are seeking private outdoor space and are willing to pay for it, especially after the pandemic accelerated changes in living habits."
In the ranking of regions by the proportion of properties with terraces, both the Balearic Islands and the Canary Islands lead at 40%, followed by Andalusia at 39% and the Valencian Community at 30%. Asturias has the lowest proportion, with only 13% of properties featuring a terrace, while Navarre has 20% and Galicia 22%. Aragon recorded the highest terrace premium in Spain, at 29%, even though only 25% of properties in the region have one. Andalusia sees a 26% premium in real estate transactions, and the Basque Country a 23% premium. In regions like the Valencian Community, Castile and León, and La Rioja, the terrace premium is almost zero.
At the provincial level, the province with the highest proportion of properties with terraces is Malaga, at 50%, followed by Santa Cruz de Tenerife at 49%, Tarragona at 44%, the Balearic Islands at 40%, and Girona at 34%. Teruel has the lowest proportion, at just 8%, with Asturias at 13% and Lugo at 15%. In over 20 Spanish provinces, terraces command a premium of more than 15% in real estate transactions. In Jaén, the premium reaches 62%; a 90-square-meter home without a terrace costs about €91,455, while one with a terrace reaches €148,201. The premium is 47% in Huesca, 37% in Teruel, and 34% in Tarragona.
Ferran Font analyzed: "In provinces like Jaén or Huesca, the supply of apartments with terraces is so low that whenever one appears, buyers compete fiercely for it." Among provincial capitals, Jaén has the highest terrace premium in real estate transactions, at 70%. The average price for a 90-square-meter home without a terrace is €149,986, rising to €255,644 with one—a difference of over €105,000. In Barcelona, a home with a terrace costs an average of €131,292 more than one without, while in Madrid, the premium is 1%.
This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com
