Posted on May 9, 2016 in Property

The average price of second hand homes in Spain stood at 1,552 euros per square metre in April, representing an increase of 0.06% over March, when the price was 1,551 euros. These figures come from the monthly report prepared by property portal, pisos.com, which also showed that, compared to April 2015, the price increase was 1.64%, as the average price a year ago was 1,527 euros per square metre.

In April the most expensive regions for second hand housing were the Basque Country (2,846 euros/m2), the Balearic Islands (2,127 euros/m2) and Madrid (2,069 euros/m2), and the most economical were Castilla-La Mancha (976 euros/m2), Extremadura (1,122 euros/m2) and Murcia (1,189 euros/m2).

Year-on-year, the most significant increases were registered in the Balearic Islands (4.22%), the Canary Islands (2.12%) and Aragón (1.79%), while the greatest declines were registered in Asturias (-4.60%), La Rioja (-4.47%) and Navarra (-4.35%).

With regard to the provinces, ranking the most expensive in April were the Basque provinces of Guipúzcoa (3,152 euro/m2), Vizcaya (2,757 euro/m2) and Álava (2,205 euro/m2), while in contrast, the provinces with the cheapest second hand housing were Cuenca (680 euros/m2), Ciudad Real (800 euros/m2) and Ávila (831 euros/m2).

Year-on-year, the greatest increases were recorded in the Balearic Islands (4.22%), Teruel (4.05%) and Córdoba (3.87%), while the most significant declines were registered in Zamora (-7.68%), La Coruña (-7.27%) and Pontevedra (-5.86%).

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