Petra Hönig
Petra Hönig

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Property Sales Ciudad Quesada

Property Sales Ciudad Quesada

Second Hand House Prices Fell by 0.1% in August in Spain

The price of second hand homes in Spain registered a decline of 0.1% in August, compared to the previous month, placing the average price at 1,529 euros per square metre.

This decline in the price of second hand homes was registered despite prices increasing in 11 of Spain's 17 regions. The greatest increase was recorded in the Canary Islands, where prices rose by 1.6% compared with a month ago, followed by Madrid (+0.9%) and Catalonia (+0.8%).

In the Balearic Islands, prices rose by 0.5%, while in Murcia and Andalucía the increase was 0.4%. In contrast, the greatest price declines were registered in Extremadura and Cantabria (both -1.7%), followed by the Basque Country (-0.4%) and Castilla y León (-0.3%).

The Basque Country has the most expensive property market.

Remaining at the top of the ranking as the most expensive region in Spain is the Basque Country, where the average price for second hand homes stood at 2,508 euros per square metre, followed by Madrid (2,372 euros/m2) and the Balearic Islands (1,922 euros/m2), while the most affordable regions are Castilla-La Mancha (904 euros/m2), Extremadura (919 euros/m2) and Murcia (1,010 euros/m2).

Some 25 of Spain's provinces recorded positive figures in relation to second hand housing prices during the month of August, with prices rising by 2.8% in Lerida, followed by: Girona (+2.5%); Las Palmas (+1.9%); Palencia (+1.8%); Santa Cruz de Tenerife, Cadiz and Tarragona (all with +1.2%).

The greatest declines happened in Extremadura and Cantabria.

In contrast, the greatest declines were those recorded in Cáceres and Cantabria (both -1.7%), followed by Badajoz (-1.6%), Córdoba (-1.4%) Burgos and Teruel (both -1.3%).

The Basque provinces of Guipúzcoa and Biscay again rank as the most expensive provinces, with average prices of 2,815 euros and 2,564 euros per square metre, respectively, followed by Madrid (2,372 euros) and Barcelona (2,146 euros).

Petra Hönig, property sales in Ciudad Quesada.

Take a few moments to browse through our unique catalogue of properties, where you will find the latest and finest selection of properties in and around Quesada, Villamartin, Orihuela Costa and Guardamar.

Our experienced multi-lingual staff based in our Quesada head office and Villamartin offices on the Costa Blanca will be able to help you with every aspect of your Spanish property purchase.

In Petra Honig, from your first contact with us we will endeavour to identify your requirements and provide you with relevant options that fall within your budget and will help you find the best value for your money that is currently available when buying a Spanish property. We specialise in both Resale and Brand new homes, to suit all budgets, both on the coast of the Costa Blanca and further in land.

2 Sep 2016
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