The price of housing used in Spain has fallen by 2.2% during the first quarter of 2017 to 1,513 euros per square meter and a 2.5% decrease in annual terms.
A decade after the bursting of the housing bubble, prices remain below the levels recorded in that period: -12.9% in Barcelona, -27.7% in Madrid and -45.1% in Valencia. Although the majority of studies and statistics already speak of rising house prices in Spain, there are some declines at the national level. This difference is justified by the methodology of the report, which takes into account the offer price of all housing in the market and not only the housing that have managed to find a buyer. In this way it is better reflected what for us is an incontestable reality and is that the normalization of the market is occurring at different speeds. These differences can occur even within large cities
Only three communities are able to keep their prices positive during the first three months of the year. Balearic Islands, where owners demand 4.4% more for their homes, followed by Aragón, where they have increased by 0.5%, and the Canary Islands, which recorded a 0.1% increase. In contrast, Navarre (-3.4%), Asturias (-3%) and Castilla-La Mancha (-2.5%) are the communities where the fall has been greatest.
Valencian Community, Catalonia and Madrid also stand out, where the fall was 1.8% in the three cases, followed by Murcia (-1.5%), Castilla y León (-1.4%), Basque Country (- 1.1%), Galicia (-1%), Extremadura (-0.8%) and La Rioja (-0.7%). Cantabria remains unchanged.
The Basque Country and Madrid remain the most expensive autonomies, with a price of 2,478 euros per square meter and 2,332 euros per square meter, respectively, according to the portal. Below are the Balearics (2,060 euros per square meter and Catalonia (1,867 euros per square meter), followed by Cantabria (1,569 euros per square meter), Galicia (1,411 euros per square meter), Andalusia (1,394 euros per square meter) Canary Islands (1,362 euros per square meter), Asturias (1,319 euros per square meter), Castilla y León (1,170 euros per square meter) and Valencia (1,165 euros per square meter). In the lower part of the table are Murcia (1,005 euros Per square meter), Extremadura (932 euros per square meter) or Castilla La Mancha (896 euros per square meter).
The sector is beginning to show signs of life in 11 provinces, which have experienced price increases in their second-hand properties. Lleida and the Balearic Islands, with increases of 4.4%, followed by Malaga (+ 1.8%) and Soria (+ 1.1%), leading the highest increases, while Segovia (-4.3%), Guipúzcoa (-3.4%) and Navarre (-3.4%) are on the opposite side. The ranking of the most expensive provinces continues to lead Guipúzcoa and Vizcaya with 2,719 euros per square meter and 2,558 euros per square meter, respectively. They are followed by Madrid with 2,332 euros per square meter, and Barcelona with 2,211 euros per square meter. For its part, Toledo is listed as the most economical province, where the price per square meter is 788 euros, followed by Cuenca with 839 euros per square meter, and Ciudad Real, with 850 euros per square meter.
Barcelona leads the list as the city where the biggest increase has occurred, up 6.3%, ahead of Palma de Mallorca (4.8%), Toledo and Cuenca, where the rise was 3.6% in both Cases. They are followed by Valencia (2.3%) and Malaga (11.8%). In Seville the rise was 0.4%. In contrast, Segovia and Oviedo are listed as provincial capitals "hit harder" by price declines, with a reduction of 4.5% and 3.9%, respectively. Castellón (-3.1%), Santa Cruz de Tenerife (-2.2%) and Ourense (-2.2%) were placed behind. The report also highlights Madrid, where prices were reduced by a slight 0.1%, in Bilbao by 0.2% and in Zaragoza by 0.4%.
At 4,123 euros per square meter, the city also leads the list of most expensive cities in housing, followed by San Sebastián (3,915 euros per square meter), Madrid (2,919 euros per square meter) and Bilbao (2,732 euros per square meter) . On the other hand Lleida, with a price of 901 euros per square meter, is positioned on the opposite side of the table