Bilbao, Spain
Property prices · 2024 · Europe
Property price trend in Bilbao (2024–2026)
Property comparison — cities in Spain (2024)
| City | Centre /sqm | Outside /sqm | 1-Bed Rent | vs Bilbao |
|---|---|---|---|---|
| Bilbao | EUR 3,800 | EUR 2,500 | EUR 1,000 | — |
| Barcelona | EUR 6,200 | EUR 4,000 | EUR 1,500 | +63.2% |
| Madrid | EUR 5,500 | EUR 3,400 | EUR 1,300 | +44.7% |
| Malaga | EUR 3,500 | EUR 2,300 | EUR 950 | -7.9% |
| Valencia | EUR 3,200 | EUR 2,100 | EUR 900 | -15.8% |
| Seville | EUR 2,800 | EUR 1,800 | EUR 800 | -26.3% |
Other Europe cities (2024)
Frequently asked questions
How much does property cost in Bilbao in 2024?
In Bilbao, the average price per sqm in the city centre is EUR 3,800, and EUR 2,500 outside the centre (2024 data). Prices have risen 7.5% since 2024.
How much is rent in Bilbao in 2024?
A 1-bedroom apartment in Bilbao rents for approximately EUR 1,000 per month in 2024. A 3-bedroom apartment costs around EUR 1,600/month.
Is it better to buy or rent in Bilbao?
Buying and renting are roughly comparable in Bilbao. The price-to-rent ratio is 18.0x — it would take approximately 18.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 3.90%.
What are mortgage rates in Spain in 2024?
The average mortgage rate in Spain is approximately 3.90% as of 2024. With a price-to-rent ratio of 18.0x, buyers should carefully weigh mortgage costs against rental savings.
What is the price per sqm in Bilbao?
The average property price per square metre in Bilbao city centre is EUR 3,800 in 2024. Outside the centre, expect to pay around EUR 2,500/sqm.