The price of the House used in Spain marks a decrease of the 2,2% during the first quarter of 2017. This fall leaves the square meter in 1.513 euros according to the latest price index for idealist. Attending the annual variation, the decrease is of the 2,5%.
To Fernando Encinar, Head of studies of Idealist,”While the majority of studies and statistics already speak of rises of prices of housing in Spain, report of idealistic records still declines at the national level.
This difference is justified by the methodology of the report, having in mind the offer price of all homes on the market and not only of homes that have managed to find buyer. In this way reflects best what for us is an undeniable reality and that the standardization of the market is occurring at different speeds. These differences may be given even within large cities.
It is true that there are real estate products that are rising in price in certain areas where there has been a greater job creation and in which there is interest from investors. But in much of the State both purchase and rental prices continue to decline.
For this reason, not it is striking to return to hear of real estate bubble. After ten years of crossing in the desert, it is obvious that the sector had to begin to show signs of life. And not, There is no point of comparison with which we live then. Prices are below what they were a decade ago, and in some markets this difference continues to grow. If anything it served throughout this tortuous process which we have seen has been to change the mentality of the Spaniards into something and break definitely with three big mantras that for decades ruled the housing market: the housing never low, I'll never sell below what I bought and renting is throwing money”.
Autonomous communities
Have been three autonomous communities that have seen how the price of their homes went up during the winter: the greatest increase occurred in the Balearic Islands, where owners ask for a 4,4% more by their homes three months ago, followed by Aragon, where have increased a 0,5%, and the Canary Islands (0,1%). In Cantabria prices didn't budge and all the others fell, being Navarra where most fell (-3,4%). It is followed by Asturias (-2,9%), Castilla La Mancha (-2,5%), Madrid and Catalunya (-1,8% in both cases).
Basque country (2.478 EUR/m2) It remains the most expensive autonomy. It is followed by the community of Madrid (2.332 EUR/m2). Below are Balearic (2.060 EUR/m2) and Catalonia (1.867 EUR/m2). On the opposite side of the table we find to Castilla La Mancha (896 EUR/m2), Extremadura (932 EUR/m2) and Murcia (1.005 EUR/m2), more economic communities.
Provinces
Up to 11 provinces experienced price increases in your second hand properties during the first quarter of the year. Gains are led by Lleida and the Balearic Islands, with two separate increases of the 4,4%, followed by Malaga (1,8%) and Soria (1,1%). On the opposite side we find the falls of Segovia (-4,3%), Guipúzcoa (-3,4%) and Navarre (-3,4%).
The ranking of the most expensive provinces still led by the Basque provinces of Guipuzcoa and Vizcaya, with 2.719 Euro/m2 and 2.558 Euro/m2 respectively. Behind them are Madrid (2.332 EUR/m2) and Barcelona (2.211 EUR/m2). Toledo is the cheapest province (788 EUR/m2), followed by basin (839 EUR/m2) and Ciudad Real (850 EUR/m2).
Capital
Barcelona leads rises among big cities, with an increase of 6,3%. Followed by the Valencian owners, that have increased their expectations in a 2,3%, and Malaga (1,8%). They have also increased price Seville (0,4%). In Madrid prices dropped a 0,1%, in Bilbao a 0,2% and Zaragoza a 0,4%.
After Barcelona, the greatest rise recorded by a capital occurred in Palma de Mallorca (4,8%), followed by Toledo and Soria (3,6% in both cases). Instead Segovia and Oviedo have been the capitals of province most hit by falls in prices and their owners have had to get a 4,5% and 3,9% respectively. Follow them Castellón (-3,1%), Santa Cruz de Tenerife (-2,2%) and Ourense (-2,2%).
Barcelona is the most expensive Spanish capital (4.123 EUR/m2), followed by San Sebastian (3.915 EUR/m2), Madrid (2.919 EUR/m2) and Bilbao (2.732 EUR/m2). On the opposite side of the table we find a Lleida, the most economic capital, with a price of 901 EUR/m2.
The idealistic real estate price index
idealist is currently the most widely used in Spain real estate platform to buy, sell or rent. With a sample of thousands of homes currently for sale, idealistic Studies Department performs an analysis of housing prices since 2000. After more than 16 years of study, idealist has become the source of reference data for numerous banks and financial institutions analysis equipment, as well as public institutions.
They have been analyzed for the realization of the idealistic real estate price index 428.567 ads that are or have been advertised in your database between the 23 in December of 2016 and the 27 March of 2017. To ensure the accuracy of the data have been removed from the sample those properties whose prices were out of market, In addition to single-family homes because their presence introducing the price in some areas. Does the price of those municipalities with a lower number of properties to 50, Since the sample is not enough. The real estate index of Idealist is made on square meters offer prices.
Read more: http://www.eleconomista.es/vivienda/noticias/8267268/04/17/El-precio-de-la-vivienda-cae-un-22-en-Espana-durante-el-primer-trimestre-de-2017.html