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Property Price Update - August 2021
Wednesday, September 8, 2021 @ 8:23 AM

The price of second-hand housing in Spain has registered a slight decrease of 0.1% during the month of August, standing at 1,825 euros / m2, according to the latest property price index. If we look at the last quarter, the price has risen 1.1% and if we look at the data for August 2020, the year-on-year increase is 5.2%.

The price has fallen during the month of August in 11 Spanish regions. Castilla-La Mancha (-1.1%) led the fall followed by Aragon (-0.9%), Castilla y León and Navarra (-0.7% in both cases). However smaller drops were registered in Madrid, the Balearic Islands Asturias (-0.4% in the 3 regions), the Valencian Community (-0.2%), Euskadi, Catalonia and Galicia (-0.1% in the 3 cases). On the contrary, Andalusia (1.4%) showed an increase in prices followed by Cantabria, Canarias and La Rioja (0.4% in the 3 territories). In Extremadura, prices grew by 0.2%, while in Murcia they remained stable.

The Balearic Islands with 3,196 euros / m2 is the most expensive autonomous region followed by the Community of Madrid (2,943 euros / m2). On the opposite side of the table, we find Castilla-La Mancha 866 euros / m2), Extremadura (927 euros / m2) and the Region of Murcia (1,055 euros / m2), which are the cheapest communities.

20 provinces registered higher prices than a month ago. The greatest increase was seen in Almería (1.5%), followed by Ourense (1.2%), Guadalajara (1.1%), Santa Cruz de Tenerife (0.9%), Malaga, Guipúzcoa and Pontevedra ( 0.8% in the three provinces). On the other hand, Valladolid (-5.8%) heads the list of provinces in which the price has fallen during the month of August, followed by Albacete (-2.4%) and Valencia (-2.1%) .

Guipúzcoa is the most expensive province to purchase a home (3,209 euros / m2) ahead of the Balearic Islands (3,196 euros / m2). They are followed by Madrid (2,943 euros / m2) and the province of Barcelona (2,719 euros / m2).

Ciudad Real is the cheapest province with a price of 750 euros for each square meter. They are followed by Cuenca (779 euros / m2) and Toledo (803 euros / m2).

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MarkMunns said:
Saturday, September 11, 2021 @ 9:22 AM

"However smaller drops were registered in ......., the Valencian Community (-0.2%),"

followed by...

"On the other hand, Valladolid (-5.8%) heads the list of PROVINCES in which the price has fallen during the month of August, followed by.......... Valencia (-2.1%)."


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