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.
Finally, the publication deadline at Madrid is 3.6 months, or 8.1% more than a year ago and 1.5% more than the previous quarter.
Source : Brainsre
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