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Property in Spain: prices for secondary housing rose in February by 1%

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05.03.2018

Average price per square meter in the secondary market in Spain in February was 1613 euros, showing growth of 1%. According to real estate portal Idealista, in 12 months the growth amounted to 7.7%. Of all the Spanish Autonomous communities the decline in prices compared with January was observed only in Navarra and Asturias – 0.7 and 0.3%, respectively. The highest growth was recorded in the Balearic Islands (3.1%), Madrid (1,5%) and Castile-La Mancha (1.4 per cent). More per square meter are asked in the Madrid community – 2613 euros. It is followed by the Balearic Islands (2573 euros/m2) and the Basque Country (2524 € /m2). Cheapest "square" is in Castile-La Mancha (927 euros), Extremadura (933 euros) and Murcia (€1033). The provincial increases were recorded in 39 of them. Most notably, prices have risen in Zamora (4.3%) and Liege (4,1%) and the biggest drop in prices was recorded in Lugo and Navarra (0.7 percent). The most expensive remains the province of Guipuzcoa, where a square meter costs on average € 2796. It is followed by Madrid (2163 Euro/m2), Barcelona (2606 euros/m2) and álava (2575 € /m2). The cheapest province was Toledo, where a "square" asking for 809 euros. Also low price was in Avila (830 euros/m2) and Ciudad real (864 € /m2). The most expensive city in Spain, from the point of view of real estate, Barcelona. The average cost per square meter reaches 4319 euros. The three leaders in cost per square metre in San Sebastian (4217 Euro/m2) and Madrid (3 449 € /m2). The cheapest city – Avila (963 € /m2), Lleida (976 € /m2) and castellón (1027 € /m2).