The increase in rental prices in Seville is no surprise, nor are the prohibitive prices in hotels and tourist apartments. To the generalized inflation of prices must be added the price of the purchase or articles that before you could find for much less. In this regard, Tetuán street in Seville (the nerve center of shopping in Seville) remains one of the most expensive shopping streets in Spain.
This is attested to once again this year by Cushman & Wakefield’s global report Main Streets Across the World, which this year publishes its 34th edition. The study in question analyzes the rents of the most expensive shopping streets in 92 cities around the world.
The latest research shows that Tetuán street in Seville is in ninth position, with rents of 1,500 € per square meter, up 4% compared to 2023. And some of the prices of the premises in this central street exceed those of Calle Goya (Madrid), Rambla Catalunya or Diagonal (Barcelona).
Passeig de Gràcia, in Barcelona, holds the first position, with exclusive brands such as Dior, Versace or Loewe housing some of their stores in this street. It is followed by Serrano street, with rents of 3,060 € per square meter per year. In fact, both streets are also ranked in the European ranking, in positions 27 and 28, respectively.
The most expensive streets in Spain
The national ranking of the most unaffordable streets includes the following streets:
- Passeig de Gràcia (Barcelona).
- Portal de l’Àngel (Barcelona)
- Gran Vía (Madrid)
- Preciados (Madrid)
- José Ortega y Gasset (Madrid)
- Marqués de Larios Street (Madrid)
- Fuencarral (Madrid)
- Colón Street (Valencia)
- Gran Vía de Bilbao and Tetuán Street (Seville) share the ninth position.
- Goya (Madrid)
- Pelai Street (Barcelona)
- Jaime III Street (Palma de Mallorca)
- Plaza de la Independencia (Zaragoza), Rambla Catalunya (Barcelona) and Diagonal (Barcelona) share twelfth position.
- Portaferrisa (Barcelona).
However, for the first time since this report has been published, the Main Street Across the World highlights a street in Europe as the most expensive in the world. Specifically, it is Via Montenapoleone in Milan, which has recorded rents of 20,000 euros per square meter per year, an increase of 11% over the same period last year.
New York’s Fifth Avenue is in second place, with rents of €19,537 per square meter per year, and New Bond Street (London), with a prime rent of €17,210.
Tsim Sha (Hong Kong) and the Champs Elysees (Paris) close the top 5 of the most prohibitively expensive and luxurious streets worldwide.