Request was sended

Thank you, your message was successfully sent. We will contact you within 24 hours.

Request a call

Fill the form below and one of our agents will contact you as soon as possible to guide you through your selection process.

Sign up for newsletter

I've read and accepted the legal

Compare Listings

December 23, 2016

The cost of the resale real estate fell by 1.1% in November

Share on |
The cost of the resale real estate fell by 1.1% in November

The price of second-hand properties in Spain fell by 1.1% in November 2016, till 1,497 euros / m2, according to the latest house price index, published by online portal Idealista. If we compare the data with November 2015 (1,564 euros / m2), the annual decline is by 4.3%.

At the same time, the cost of houses and apartments in Spain increased in 6 of the c 17 autonomous communities of the country. The biggest increase was recorded in the Balearic Islands, where owners demand by 1.3% more for their properties. They are followed by the provinces of Navarre (0.8%), Cantabria (0.4%), Euskadi, Aragon and La Rioja (0.1% in all three cases). Meanwhile, in Extremadura, property prices have not changed, but they have declined in all other Spanish provinces. The largest decrease occurred in the region of Castilla-La Mancha (-1.5%), Madrid and Catalonia (-1.3% in both cases), followed by the dropns in Valencia (-1.1% %) and in Andalusia (-0.8%).

Euskadi (2,498 euros / m2) remains the most expensive autonomous province in Spain. It is followed by the Community of Madrid (2,332 euros / m2) and by the Balearic Islands (1,972 euros / m2). On the opposite side of the rating are situated Castilla-La Mancha (884 euros / m2), Extremadura (917 euros / m2) and Murcia (989 euros / m2), which are, besides, the cheapest Spanish regions for purchase of resale residential property purchases.

Twelve Spanish provinces, however, maintained a positive trend in real estate prices in November 2016. So prices increased by 1.3% in the Balearic Islands, as well as in Navarre (0.8%), Cordoba (0.8% %), Huesca (0.6%) and Ourense (0.5%). The largest fall, however, was recorded in the provinces of Lleida (-3.5%), Cuenca (-2.6%), Segovia (-2.2%), Jaen (-1.9%) and Toledo (-1.9%).

The ranking of the most expensive Spanish provinces remains unchanged, headed by the Basque provinces of Guipuzcoa and Vizcaya, with 2,823 euros / m2 and 2,556 euros / m2, respectively. They are followed by Madrid (2,332 euros / m2) and Barcelona (2,128 euros / m2).

Meanwhile, Toledo is the most economical province in Spain with a price of 800 euros per square meter. It is followed by the Ciudad Real (823 euros / m2) and Cuenca (835 euros / m2).

Share on |

Latest tweets

Sign up for our newsletter

We will select for you the best luxury apartments and houses (no spam at all)