The most expensive and cheapest locations to buy a home

The most expensive and cheapest locations to buy a home

2023-05-28 16:59:34

The Balearic municipality of Santa Eulalia del Rio presented in the first quarter of the year the average price of the highest free house, with 4,682 euros per square meterwhile Villarobledo (Albacete), with 593 euros per square meter, is the cheapest town in all of Spain within the municipalities with more than 25,000 inhabitants. According to statistical data from the Ministry of Transport, Mobility and Urban Agenda (Mitma) collected by Europa Press, together with Santa Eulalia del Río, two other municipalities exceeded 4,000 euros per square meter in the first quarter: San Sebastián (4,509 euros) and Ibiza (4,187 euros). The Barcelona municipalities of Sitges (3,949 euros) and Sant Cugat del Vallés (3,947 euros) and the Balearic town of Calvià, with 3,917 euros per square meter, are also close to that figure of 4,000 euros per square meter.

At the other extreme, with the cheapest prices, are the municipalities of Villarobledo (Albacete), with 593 euros per square meter; Tomelloso (Ciudad Real), with 612 euros; Hellín (Albacete), with 613 euros per square meter, and Puertollano (Ciudad Real), with 616 euros per square meter. They are followed, also with figures below 700 euros per square meter, by the Alicante municipalities of Petrer (664 euros) and Villena (667 euros); the Murcian town of Yecla (680 euros); the municipalities of Villanueva de la Serena (Badajoz) and Valdepeñas (Ciudad Real), with 686 euros per square meter in both cases; the Murcian town of Jumilla (688 euros), and Elda (Alicante), with 692 euros.

According to Mitma data for municipalities with more than 25,000 inhabitants, the town of El Campello, in Alicante, is the one with the highest prices in the first quarter compared to the same period in 2022, with an increase of 20.3%, up to 2,198 euros per square meter. They are followed by Sagunto, in Valencia, with an interannual increase of 18.1%, up to 982 euros per square meter; Puerto de la Cruz (Tenerife), with an increase of 18%, up to 2,023 euros per square meter, and Manacor, in the Balearic Islands, with a year-on-year increase of 17.4% in the first quarter, up to 1,833 euros per square meter .

On the contrary, The greatest decreases in the average assessed price of free housing occurred in Valdepeñas (Ciudad Real), with a decline of 11.2% compared to the first quarter of 2022, to 686 euros per square meter, and in Hellín (Albacete), where the price fell by 10.7% year-on-year, to 613 euros per square meter. They are followed by the town of Narón in A Coruña, with a drop of 9.4%, to 814 euros per square meter, and Petrer, in Alicante, with an interannual decrease of 8.8%, to 664 euros per square meter.

At the national level, the average assessed price of free housing increased by 3.1% in the first quarter of the year, up to 1,788.4 euros per meter, the highest figure since the last quarter of 2010, when it reached 1,825.5 euros per square meter. Although in the first quarter the year-on-year growth rate moderated by two tenths compared to the previous quarter, from 3.3% to 3.1%, the average price of free housing increased by 2.2% in quarter-on-quarter terms (first quarter of 2023 over fourth quarter of 2022). The average value of the square meter of free housing up to five years old stood at 2,112.1 euros between January and March, 6.6% more than in the same period of 2022, while free housing of more five years, the price increased by 3% year-on-year, up to 1,778.1 euros per square meter.

By autonomous community, the largest year-on-year increases in the price of free housing during the first quarter occurred in the Balearic Islands, with a rise of 7.8%, up to 2,803 euros per square meter; Andalusia (4.8%, 1,466 euros per square meter); Canarias, where the price rose by 4.7%, to 1,670 euros per square meter, and Madrid, which raised its prices by 4.6%, to 2,978 euros per square meter. Precisely, Madrid was the region with the highest price, followed by the Balearic Islands (2,803 euros per square meter); Basque Country (2,541 euros per square meter) and Catalonia (2,186 euros per square meter). On the other hand, the lowest prices correspond to Extremadura (880 euros per square meter); Castilla-La Mancha (929 euros); Murcia (1,049 euros) and Castilla y León (1,057 euros).

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