Second-hand housing in Spain is beginning to return to normal with a marked positive trend, despite the small year-on-year decline. The price of used housing fell by 0.7% in 2016 to 1,552 euros per square meter, while in the third quarter of the year there was an increase of 1.3%.
By Autonomous Communities, the highest increase has been recorded in the Canary Islands, where the price of second-hand homes is 7.8% higher than a year ago. Behind it are the increases in the Balearic Islands (5.3%), Catalonia (3%), Valencia (2.5%), Andalusia (1.5%) and Madrid (1.1%).
On the other side are the decreases recorded in La Rioja (-5%), Aragón (-4.9%) and Castilla-La Mancha (-3.5%). The rest of regions, except Murcia, which has kept its prices stable with respect to a year ago, have registered decreases in the prices of second-hand housing.
Taking into account the price per square meter, Basque Country, with an average price of 2.506 euros per square meter, has continued to head the most expensive communities. This is followed by Madrid (2,375 euros per square meter), Baleares (1,972 euros per square meter) and Catalonia (1,901 euros per square meter).
In addition, the regions that have the cheapest prices for used homes are Castilla-La Mancha (919 euros per square meter), Extremadura (939 euros per square meter), Murcia (1,044 euros per square meter), La Rioja Per square meter), and Castilla y León and Comunidad Valenciana, which have average prices of 1,186 euros per square meter.
As an independent real estate company, at Complete Spanish Property we pride ourselves on a relaxed, welcoming approach to property, allowing our client´s to not feel daunted by the process but to ensure they have an understanding of what is needed and when.
During the time out company has been in business, we have developed some excellent relationships with solicitors, mortgage brokers, builder´s, currency exchange companies and much more to allow our client´s to have every angle covered once they have found the right property. We guide and assist you through the whole process and once our clients become owner´s we are always there to offer our help and assistance afterwards.