The Jackpot of the 2023 Christmas Lottery Draw has already come out and we think about what we would spend the money on if we win the Jackpot. It does much more than ‘cover holes’, so some of the great desires are to buy a new car, pay the mortgage and, why not, buy a new house in one of the most expensive neighborhoods in Spain, which are located in Madrid, Barcelona or San Sebastián, among other cities.
The prize distributed by the 2023 Christmas Lottery Jackpot is 4 million euros for the series, which is equivalent to 400,000 per tenth. Of course, we must take into account the money will not be complete, since part of it is kept by the Treasury. Specifically, 72,000 euros. Therefore, the money that the winner receives is 328,000 euros.
The average per square meter in Spain is 2,113 euros, but in large cities it is multiplied by up to four. Thus, with these 328,000 euros from Gordo, these would be some of the types of homes that we could acquire near the Santiago Bernabéu, Las Ramblas, Playa de la Concha, the Guggenheim or the Giralda.
Apartments in Madrid to invest el Gordo
The most expensive neighborhood in Spain to buy a house is Recoletos (€10,270/m2) in the Salamanca district. It houses the luxury shops on Calle Serrano, as well as the National Library or the Archaeological Museum, among others. In second place is the La Castellana neighborhood (€8,889/m2), close to an icon of the city such as the Santiago Bernabéu.
At idealista we can find small studios and apartments in the Recoletos neighborhood of about 40 meters and with a room that starts at 340,000 euros. That is to say, we would have to ‘earn up’ at least 12,000 euros to move to these neighborhoods. In Castellana the property offer is lower and there is barely a house for 330.00 euros. The most expensive mansions in both areas cost 21 million and 12.5 million euros, respectively.
Barcelona: the best houses if you hit the Gordo
The next two most expensive neighborhoods in Spain are located in Barcelona. They are Diagonal Mar and the Front Marítim of Poblenou (€8,352/m2) and Eixample (€8,049/m2). The first is a recently built neighborhood, which begins on Diagonal Avenue and ends at the Mediterranean Sea. The second is the most populated in the city and where the most conical roads and squares of Barcelona are (Las Ramblas, Paseo de Gracia, Plaza de la Sagrada Familia…).
In Diagonal Mar i el Front Marítim del Poblenou, there is a 60 m2 house with three bedrooms, a balcony and a kitchen integrated into the living room for 199,000 euros. In addition, there are a dozen homes under 300.00 euros. In Eixample there are many even cheaper studios and houses with 3 bedrooms for less than 300.00 euros.
What apartment to buy in San Sebastián to invest the Lottery money
The third most expensive city in Spain to live in is Donosti. And a study by the appraiser Tecnitasa points out that Avenida de la Libertad, Plaza de Gipuzkoa and Calle Hernani have the most expensive square meter in San Sebastián. It is above 8,000 euros after increasing in price by almost 4% in 2023. They are all located around Playa de la Concha and near the Old Town of the city.
But in addition to being expensive, Donosti is a city in which the supply of houses is very limited. For about 330,000 euros you can find an apartment of 45 square meters and one room in the Plaza de Gipuzkoa.
Apartments for sale in Bilbao
Another of the most expensive cities is also located in the north of Spain, in the Basque Country. In Bilbao, the most expensive neighborhood is Abando, where the Guggenheim Museum is located, and is bordering the Casco Viejo and the San Mamés stadium. But the most expensive point is located in Plaza Euskadi, where it can exceed €10,000/m2. It is not possible to find houses for less than 500,000 euros, but in some nearby streets, where there are small 60-meter apartments to renovate, for just over 300.00 euros.
What house to buy in Seville with El Gordo’s money?
The Old Town of Seville and the Nervión neighborhood are the most expensive to buy a house in the capital of Andalusia. They are the best-rated residential and leisure areas of the city. Historical buildings are located there, as well as the Santa Justa station or the Sánchez Pizjuán Stadium. Even so, the square meter is around 2,500 euros. Therefore, we can find houses with between two and four bedrooms for around 300,000 euros.
