The price of second-hand homes rises 2.2% year-to-year in February, according to pisos.com

Published on March 5th 2018

The average price of second-hand housing in Spain stood at 1,574 euros per square meter

The most expensive regions in February 2018 were the Basque Country (2,514 euros per square meter), the Balearic Islands (2,409 euros) and Madrid (2,056 euros), while the cheapest were Castilla-La Mancha (887 euros per square meter), Extremadura (1,048 euros) and Murcia (1,173 euros).

The most expensive regions in February 2018 were the Basque Country (2,514 euros per square meter), the Balearic Islands (2,409 euros) and Madrid (2,056 euros), while the cheapest were Castilla-La Mancha (887 euros per square meter), Extremadura (1,048 euros) and Murcia (1,173 euros). In year-on-year terms, the most striking increases were in the Canary Islands (+ 10.6%), the Balearic Islands (+ 7.2%) and Catalonia (+ 4.05%) and the most intense adjustments in Aragón (-5.6%) ), Asturias (-4.5%) and Navarra (-4.2%).

As for the provinces, the most pronounced year-on-year increases are located in Barcelona (+ 7.7%), the Balearic Islands (+ 7.2%) and Las Palmas (+ 3.8%), while the greatest decreases corresponded to Zaragoza (-10.9%), Albacete (-9.4%) and Almeria (-9.1%).

"The residential sector has stabilized almost definitively in the most established places, such as the main capitals, while the areas that still dragged down due to their stock begin to be reinforced by percentages of increased content," he said.

On the possibility of a new real estate bubble, Font has stressed that the ease with which mortgages were conferred in the years prior to the outbreak of the crisis "is not comparable with the strict solvency controls that are currently being applied."

 

Source: Europapress.es

 

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