The price of used housing (resale) grows 1.8% between January and March.

The price of used housing in Spain registered an increase of 1.8% during the first quarter of the year. This increase leaves the square meter at 2,079 euros according to the latest price index. Taking into account the annual variation, prices have increased by 7% in the last 12 months.

The increase in the prices of housing for sale is nothing more than a reflection of the increase in the number of sales that are already recorded by the INE and notary statistics. The change of course in the ECB's monetary policy and the entry into the market of a demand that remained latent waiting for price drops is causing tensions over the increasingly reduced supply. All this will inevitably accelerate the pace of price growth.

Large markets saw sellers' expectations rise

Among the large markets they saw seller expectations increase during the first quarter. In Madrid they registered an increase of 5.3%, similar to that registered in Valencia, where they grew by 5%. They are followed by the increases in Alicante (4.3%), Barcelona (3.6%), Malaga (3.4%). Below 2% are the cities of San Sebastián (1.9%), Bilbao (1.6%), Seville (1.6%) and Palma (0.8%). The greatest increases have been registered in Teruel and Santander where they grew by 5.5%.

6 capitals set maximum prices in the month of March.

Madrid, Valencia, Alicante, Barcelona and Malaga all set historic prices.

San Sebastián is the most expensive Spanish capital (5,465 euros/m2), followed by Madrid (4,335 euros/m2), Barcelona (4,317 euros/m2), Palma (3,910 euros/m2) and Bilbao (3,292 euros/m2). On the opposite part of the table we find Zamora, the cheapest capital, with a price of 1,133 euros/m2.

Prices have grown in all autonomous communities.

During the first quarter of the year, prices have grown in all autonomous communities. The largest increases are recorded in the Canary Islands, where owners increased their expectations by 4.4%. In the Community of Madrid, the increase is 3.8%, while in the Balearic Islands it remains at 3.1%.

The Balearic Islands continue to be positioned as the most expensive autonomy, with 4,211 euros/m2, which is the highest price since idealista has records. They are followed by Madrid (3,331 euros/m2), which also registers its historical maximum. In third position is Euskadi (2,901 euros/m2) followed by the Canary Islands (2,539 euros/m2). On the opposite side of the table we find Castilla-La Mancha (930 euros/m2), Extremadura (987 euros/m2) and Castilla y León (1,188 euros/m2), the most economical communities.

The Balearic Islands continue to be the most expensive province in Spain

Only six provinces have experienced price drops during the first quarter of the year. The largest occurred in Soria (-3.4%). This is followed by the falls in Cuenca (-1.6%), Ourense (-1.4%), Navarra (-0.5%), Zaragoza and Salamanca (-0.2% in both cases). On the contrary, the Lleida brand saw the greatest increase, with an increase of 5.6%. They are followed by Las Palmas (4.9%), Huesca (4.2%) and Santa Cruz de Tenerife (4%), In Madrid the prices rose by 3.8% and in the province of Barcelona the price rose by 0. 6%.

The ranking of the most expensive provinces is headed by the Balearic Islands, with 4,211 euros/m2, followed by Guipúzcoa (3,553 euros/m2). Behind them are Madrid (3,331 euros/m2), Málaga (3,143 euros/m2), Vizcaya (2,795 euros/m2), Santa Cruz de Tenerife (2,657 euros/m2) and Barcelona (2,654 euros/m2). Ciudad Real is the most economical province (751 euros/m2), followed by Cuenca (838 euros/m2) and Jaén (839 euros/m2).