The price of housing, in 2004 levels, but sold half of houses

Published on May 22nd 2017

For each new home transacted, 8 second hand

After a prolonged period of hard adjustment, the value of the homes recovers the levels it had in 2004, but with half of transactions that year.

The variations between 2015 and 2016 are not significant, so it is possible to speak generally of a stability in the value of the residential assets. Thus, during 2016 the minimum prices per square meter increased in 29 provincial capitals and the maximum prices did in 27 other cities (with Barcelona, ​​Madrid and Bilbao as more prominent cities), while in 18 capitals coincided increases of both maximum and minimum prices .

In absolute terms and at national level, the minimum and maximum prices of the square meter were in 2016 at 599 and 2,886 euros, with a small increase, compared to 2015, of 1.8 and 1.1%, respectively. This development may be due to the market situation, which remains relatively low in terms of transactions. In this way, the period of decline in the value of the housing has practically ended in relation to the average prices of the biennium 2006-2008, which correspond to the highest in the series.

However, it points out that this adjustment will continue to occur, although in a more moderate and specific manner, spatially, by type of dwelling, and with occasional differences depending on whether it is minimum or maximum prices. In 2016 has been the case, for example, of San Sebastian, Huelva, Teruel, Guadalajara, Huesca, Oviedo and Cuenca, with price declines of more than 5%, when in 2015 the evolution was just the reverse.

In contrast, Madrid, Barcelona, ​​Valladolid, Pamplona, ​​Ourense, Cáceres, Vitoria or Valencia experienced increases of more than 5% in 2016. Only in 9 provincial capitals prices remained unchanged compared to last year (Zaragoza, Almería, Toledo , Lleida, Salamanca, Soria, Alicante, Logroño and Zamora).

The upward trend in the volume of housing sales in Spain can be considered sustained, although it relativizes the intensity of the incipient real estate takeoff, which is mainly due to the housing used. This situation would explain, the slow reduction of the stock of new housing, on the one hand, and the lack of promotion, on the other.

In fact, for every new home sold in Spain there are eight second-hand housing transactions. Although less pronounced, this reality is also extrapolated to the protected housing segment.

Source: el economista

We use our own and third-party cookies to make our website work safely and personalize its content. Likewise, we use cookies to measure and obtain data on your navigation and to adjust advertising to your tastes and preferences. Press the "Accept all" button to confirm that you have read and accepted the information presented. To manage or disable these cookies, click on "Configuration". For more information see our cookies policy.
Modify cookies
Technical and functional Always active
This website uses its own Cookies to collect information in order to improve our services. If you continue browsing, you accept their installation. The user has the possibility of configuring his browser, being able, if he so wishes, to prevent them from being installed on his hard drive, although he must bear in mind that such action may cause difficulties in navigating the website.
Analytics and personalization
They allow the monitoring and analysis of the behavior of the users of this website. The information collected through this type of cookies is used to measure the activity of the web for the elaboration of user navigation profiles in order to introduce improvements based on the analysis of the usage data made by the users of the service. They allow us to save the user's preference information to improve the quality of our services and to offer a better experience through recommended products.
Marketing and advertising
These cookies are used to store information about the preferences and personal choices of the user through the continuous observation of their browsing habits. Thanks to them, we can know the browsing habits on the website and display advertising related to the user's browsing profile.