2023-08-01 07:36:25
The price of used housing in Spain has registered a rise of 0.3% during the month of July, standing at 1,996 euros/m2, according to the latest idealista real estate price index. This data is 7.2% higher than that of the same month last year while it is 5.6% below the maximum historical price of housing in Spain, registered in June 2007.
The Canary Islands, Aragon and Asturias lead the monthly increases
10 Spanish Autonomous Communities show higher prices than last month. Canarias (0.8%) led the increases, followed by Aragón (0.6%), Asturias (0.6%), the Balearic Islands (0.5%) and La Rioja (0.5%). The smallest increases have occurred in Euskadi (0.3%), Andalusia (0.2%), Comunitat Valenciana (0.2%), Castilla-La Mancha (0.1%) and Castilla y León (0.1 %). Extremadura and Navarra (-0.5% in both cases), on the other hand, lead the price declines followed by Catalonia (-0.4%), Cantabria (-0.3%) and the Region of Murcia (-0. 2%). In the Community of Madrid and Galicia, the price of used housing remained unchanged during the month of July.
The Balearic Islands with 3,973 euros/m2 is the most expensive autonomy followed by the Community of Madrid (3,143 euros/m2). They are followed by Euskadi (2,821 euros/m2) and Catalonia (2,353 euros/m2). On the opposite side of the table we find Castilla-La Mancha (902 euros/m2), Extremadura (949 euros/m2) and Castilla y León (1,157 euros/m2), which are the cheapest communities.
The Balearic Islands reaffirms itself as the most expensive province to buy a home
Up to 25 provinces have prices higher than those registered in the previous month. The greatest increases have been experienced in Santa Cruz de Tenerife (1.4%), followed by Ávila (1.3%), Seville (1.3%), Zaragoza (0.9%) and Almería (0.9%). On the opposite side, Lleida (-1.8%) is the province where the expectations of sellers are most reduced, followed by Teruel (-1.2%), Tarragona, Zamora and Jaén (-1.1% in the three cases).
The Balearic Islands is reaffirmed as the most expensive province to buy a home (3,973 euros/m2) ahead of Guipúzcoa (3,422 euros/m2). They are followed by Madrid (3,143 euros/m2), Malaga (2,964 euros/m2), Vizcaya (2,732 euros/m2) and Barcelona (2,687 euros/m2).
Ciudad Real is the cheapest province with a price of 752 euros for each square meter. They are followed by Cuenca (788 euros/m2) and Jaén (816 euros/m2).
34 capitals have experienced increases in housing prices.
During the month of July, 34 capitals have experienced increases in housing prices. The most pronounced rise is the one experienced by Huesca where the expectations of the sellers grew by 4.8%, followed by Almería (3.3%), Ávila (2.8%), Santa Cruz de Tenerife (2.3) and Malaga (2.2). Jaén (-1.6%), on the other hand, led the price falls over the last month, followed by Teruel (-1.3%), Pamplona (-1.1%), Lleida and Castellón de la Plana ( -1% in both cases).
During the month of July, the price rose 0.1% in the city of Barcelona while it fell 0.3% in Madrid. The price in the capital remains at 4,002 euros/m2 and in Barcelona at 4,135 euros/m2.
San Sebastián is the most expensive capital in Spain, placing its price at 5,226 euros/m2. Jaén, on the other hand, is the cheapest capital with its 1,099 euros/m2, followed by Zamora (1,112 euros/m2) and Lleida (1,157 euros/m2).
The Idealista Home Price Index
For the realization of the real estate price index of idealistic The offer prices (on square meters built) published by idealista advertisers are analyzed. Atypical ads and out-of-market prices are removed from the statistics. We include the type of single-family housing (chalets) and we discard the properties of any type that have been in our database for a long time without obtaining user interaction. The final data is generated using the median of all valid ads in each market.
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