In Catalonia, luxury homes in Val d'Aran reached up to €11,000 per square metre in 2025, according to a report by Engel & Völkers. The average price in the region was €7,000 per square metre, driven by land scarcity and tourism pressure.
Baqueira recorded the highest average prices in 2025 at €7,000 per square metre, up 7% from 2024, with some properties nearing €10,000 per square metre. In Naut Aran, excluding Baqueira, prices rose 11% to an average of €4,900 per square metre because of limited supply and proximity to the ski resort. Vielha also saw a 10% rise, to €3,900 per square metre.
The report says sustained demand for premium ski-linked homes led to sales where the square metre price reached €11,000. It also says 85% of buyers are Spanish, while French and British buyers account for 15% of the market. Mountain homes are increasingly treated as a safe asset, often bought as second or third homes.
For readers following Catalonia’s wider housing market, the contrast with Lleida is sharp. The city remains the most affordable Catalan capital for housing, with an average price of €1,443 per square metre. That compares with Barcelona at €5,966, Girona at €2,435 and Tarragona at €2,294, according to the same Engel & Völkers study. More Catalonia news
In Lleida, the market is mainly driven by residential demand, although some neighbourhoods also saw price rises. Cappont increased by 12%, Joc de la Bola by 9% and Ciutat Jardí by 8%. The study says 95% of buyers in Lleida use a mortgage, while 40% of transactions in Val d'Aran are completed with the buyer’s own funds.
The report also points to growing interest in new high-end developments, with buyers prioritising design, energy efficiency, services and locations such as Val d'Aran. It says the Pyrenees are seeing more branded residences, exclusive homes or apartments created through partnerships between developers and luxury hotel companies or brands. Engel & Völkers
