The price of used housing rises 0.4% in August.

By September 4, 2023 3 min read
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The price of used housing in Spain has registered an increase of 0.4% during the month of August, standing at 2,004 euros/m2, according to the latest real estate price index. This figure is 7.2% higher than that of the same month last year, while it is 5.3% below the historical maximum price of housing in Spain, recorded in June 2007.

12 Spanish Autonomous Communities show prices higher than last month.

The Canary Islands (1.4%) lead the increases, followed by La Rioja (1.1%), Asturias (1%), Cantabria (0.9%), Euskadi (0.8%), Andalusia and Comunitat Valenciana (0 .7% in both cases). The smallest increases have occurred in Castilla-La Mancha (0.5%), Aragón (0.4%), the Balearic Islands (0.3%), Navarra and Galicia (0.2% in both regions). Extremadura (-0.6%), on the contrary, leads the price decreases followed by Catalonia (-0.4%), Region of Murcia (-0.2%), Community of Madrid and Castilla y León (-0 .1% in both communities).

The Balearic Islands with 3,987 euros/m2 are the most expensive autonomy, followed by the Community of Madrid (3,139 euros/m2). They are followed by Euskadi (2,844 euros/m2) and Catalonia (2,345 euros/m2). On the opposite side of the table, we find Castilla-La Mancha (907 euros/m2), Extremadura (943 euros/m2) and Castilla y León (1,156 euros/m2), which are the most economical communities.

The Balearic Islands reaffirms itself as the most expensive province.

Up to 35 provinces have prices higher than those registered in the previous month. The greatest increases have been experienced in Guipúzcoa (2%), followed by Santa Cruz de Tenerife (1.9%), Huesca (1.9%), Albacete (1.7%), Málaga (1.3%), Almería and Huelva (1.2% in both provinces). On the opposite side, Badajoz (-1.1%) is the province where sellers' expectations are reduced the most, followed by Barcelona (-0.6%), Segovia, Ávila, and Salamanca (-0.4% in the three cases).

The Balearic Islands are reaffirmed as the most expensive province to purchase a home (3,987 euros/m2), ahead of Guipúzcoa (3,490 euros/m2). They are followed by Madrid (3,139 euros/m2), Málaga (3,002 euros/m2), Vizcaya (2,738 euros/m2) and Barcelona (2,671 euros/m2).

Ciudad Real is the cheapest province, with a price of 752 euros for each square meter. They are followed by Cuenca (790 euros/m2) and Jaén (820 euros/m2).

The price rises by 40 capitals.

During the month of August, 40 capitals have experienced increases in housing prices. The most pronounced increase is that experienced by Santa Cruz de Tenerife where sellers' expectations grew by 4.2%, followed by Santander (3.3%), Teruel (2%), Castellón de la Plana (2%) and San Sebastián (1.9%). A Coruña and Cuenca (-0.9% in both cases), on the other hand, lead the price falls during the last month, followed by Segovia (-0.5%) and Badajoz (-0.4%).

During the month of August, the price rose 0.1% in the city of Barcelona and 0.3% in Madrid. The price in the capital remains at 4,015 euros/m2 and in Barcelona at 4,141 euros/m2.

San Sebastián is the most expensive capital in Spain with a price of 5,326 euros/m2. Jaén, on the other hand, is the cheapest capital with its 1,113