The 5 provinces in Spain where property prices are increasing the most

Annual change in house prices in Spain by province

Over the last 12 months, property prices in Spain have increased by 10.5%. In which provinces have they increased the most?

The prix of the housing in Spain now stands at €2,283/m2 on average, which represents an increase of 10.5% over the past year (it remains practically unchanged in a quarterly comparison).

Concretely, in our country, which has nearly 49 million inhabitants, according to data from theNational Institute of Statisticsyou have to pay on average €389,073 for acheter and accommodationproperties for sale having an area greater than 170m2.

However, the price of housing did not increase equally in all regions ofSpain. Indeed, while in 5 provinces, the costs increased by more than 11% annually, in 10 provinces they fell.

In which provinces price of housing have they increased the most in the last 12 months?

5- Balearic Islands

To Balearic IslandsTHE price of housing increased by 11.3% year-on-year and by 2% compared to the previous quarter, reaching €5,047/m2 (the most expensive province inSpain)according to data from Brainsre.

To Balearic Islandspurchasing a appartement or a maison costs more than 1.2 million euros, the housing on the market measuring on average 245m2.

Furthermore, in this area, the prix of the housing new increased by 27.2% over the last year and by 13.9% quarter-on-quarter, reaching €7,381/m2 on average.

On the other hand, the publication period, that is to say the period during which a residential property remains on the market until it is sold, is 5.4 months on average, or 2. 8% less than 12 months ago, but 1.5% more than 3 months ago.

4- Málaga

HAS Malagain Andalusia, the prices of housing increased by 11.7% on an annual basis and by 1.9% on a quarterly comparison, to reach €4,246/m2 (the 2nd least economical province in the country).

Concretely, the purchase of a property has Malaga represents an expense of €902,114, because the units for sale have a surface area greater than 212m2.

Likewise, in this area, the prix of the new housing increased by 34.5% over the last 12 months and by 22.3% compared to the previous quarter, reaching €4,735/m2.

The publication time, for its part, is 4.7 months, or 4.5% more than a year ago and 3.1% more than 3 months ago.

3- Cadiz

Currently, the price of housing has Cadiz reached €2,023/m2, which represents an increase of 12.4% year-on-year and 3% quarter-on-quarter, according to platform data Brains Real Estate.

Pour acheter a maison or a apartment in Cadizalso in the autonomous region of Andalusia, you have to pay €339,276, because the properties for sale measure approximately 168m2.

In this province, the prix of the new constructions amounts to €3,315/m2, an increase of 35.9% compared to 12 months ago and 18.1% compared to the previous quarter.

On the other hand, the publication deadline Cadiz is 5.1 months, or 9% more than a year ago and 1.8% more than 3 months ago.

2- Santa Cruz de Tenerife

HAS Santa Cruz de Tenerifethe prix of the housing increased by 13.6% per year and 2.2% per quarter, to reach 2,852€/m2 (5th most expensive province inSpain).

In this area of Canariescomposed of the islands ofThe Ironof La Gomeraof The Palm and of Tenerifepurchasing a property costs €502,745, the properties on the market having a surface area greater than 176m2.

Furthermore, the prix of the housing new has Santa Cruz de Tenerife increased by 14.2% compared to 12 months ago and by 2.2% compared to the previous quarter, to reach €4,397/m2.

In this area, the publication time is 4.7 months, or 5.7% less than a year ago, but 0.6% more than 3 months ago.

1- Madrid

Madrid is the Spanish province where the prices of housing increased the most from one year to the next, notably by 17.1%, to reach €3,644/m2 (the 3rd least economical zone in the country). Likewise, the prix grew 2.2% quarter-on-quarter, according to data from Brainsre.

HAS Madridpurchasing a appartement or a maison in ownership involves an expense of €592,375, the goods put up for sale measuring more than 162m2.

In this region, the price of new housing reached €3,710/m2, which represents an increase of 1.6% compared to 12 months ago and 0.1% compared to 3 months ago.