Início

Prices in the residential market up 2%

House prices in Spain in the first trimester of 2017 experienced an increase of 2% compared to the same period of the previous year, at a value of 1.287 €/m2, according to the latest report from Gesvalt, the consultants and asset appraisers.

 

This is of great significance in that, if in the first trimester of 2016, a 90mhouse cost on average 113,580€, that same house would now cost 115,830€.

 

Luis Martín Guirado, corporate director of Development and Business at Gesvalt, refers to this period as “a cycle of sustainability and price stabilisation in the real estate sector, where there are zones showing clear signs of recovery, such as the large capital cities, and locations where demand is lower and prices continue to adjust.” Also of note is the increase in the number of transactions, “with special mention of the role of the international buyer,” which has increased to 20,806, 16.4% of completed transactions this year.

 

The Balearics, Madrid and the País Vasco, head the list of Communities with the highest prices. In contrast, Castilla–La Mancha, Extremadura and La Rioja present the lowest.

 

 

Rentals

 

To arrange a house in Lugo, Ávila and Cáceres costs no more than 5 €/m2/month while in Bilbao, San Sebastian, Salamanca, Madrid and Barcelona it would cost up to 20,57 €/m2 a month. These are the cities with a greater tendency and tradition for rentals, and with a greater population density and need for housing, which makes it even more complicated to find an economic price.

 

In the rentals market, the cities of  Castelldefels, Hospitalet de Llobregat and Prat de Llobregat lead the ranking ranking, with prices per unit over 12 €/m2/month, a monthly cost of 1,000 euros for an average home. On the contrary, to rent a house in Elda, Puerto Lumbreras or Alcoy, Talavera de la Reina or Mérida comes to less than 5 € per square metre, that is about 450 euros per month.