Rising house prices in Spain have slowed, but are still increasing.

In the second quarter of 2019, the price of used housing in Spain rose 1.7 percent. The latest idealista price index shows that the average house price in Spain is 161 euros per square foot, or about 1,733 euros per square meter. This represents an increase of 6% over last year's figures. اعلانات

As noted by Fernando Encinar, who serves as the head of research for idealista, we are seeing the same type of pattern over and over again. The cost of housing has risen everywhere, but at a slower rate. Some caveats apply, such as the case with the Spanish islands, where the strong tourism industry keeps prices artificially high. Also notable is the decrease in Barcelona's prices year-over-year for the first time since June 2014. Although being quite moderate, this could be a watershed moment for Barcelona.

“Even if housing policies at the municipal, regional, and national levels do affect the development of property prices, we will have to wait a few months to see how these policies play out.

autonomous self-governing regions

up by 3.0 percent (2.8 percent ). 2.6% for Aragon, 2.5% for Madrid, and 2.4% for Melilla (2.2 percent ). Meanwhile, Navarra witnessed the largest decline, which was 1.5 percent, followed by Ceuta, where prices fell by 1 percent. Finally, Asturias reported the greatest drop, which was 1 percent (-0.9 percent ).

Despite the fact that prices in the Balearic Islands remain high, the average price of a home in the region is 3,016 euros per square meter (or 280 euros per square foot). When those three places are added together, the final price of living in Madrid (2,826 euros/m2 or 266 euros/sq ft), the Basque Country (2,563 euros/m2 or 238 euros/sq ft) and Catalonia (2,256 euros/m2 or 210 euros/sq ft) adds up to 2,826 euros/m2 or 266 euros/sq ft. The cheapest places to live in Spain are Castile-La Mancha (871 euros per square meter or 81 euros per square foot), Extremadura (902 euros per square meter or 84 euros per square foot) and Murcia (1,026 euros per square meter or 95 euros per square foot).

territories

In the second quarter of 2019, 29 of the 50 provinces in Spain saw prices for second-hand properties rise. Following these increases, Teruel (+6.5 percent) will have the highest figure. Malaga (+4.9 percent) is next, with Girona (+4.8 percent), Lleida (+3.7 percent) and Zaragoza (+3.4 percent) bringing up the rear (3 percent ). However, provincial Navarre, Salamanca, and Burgos all saw their costs drop by one-half percent (-1.2 percent ).

As far as most expensive provinces are concerned, the Balearic Islands lead the way, with a monthly average price of 3,016 euros per square meter or 280 euros per square foot. Next are Gipuzkoa (2,905 euros per square meter or 270 euros per square foot) and Burgos (2,899 euros per square meter or 270 euros per square foot). Barcelona (250 euros/sq ft) and Madrid (826 euros/m2) follow close behind. For the most part, the least expensive province to buy a house in Spain is Toledo (at 768 euros per square meter, or 71 euros per square foot), followed by Cuenca (799 euros per square meter, or 74 euros per square foot) and Ciudad Real (805 euros per square meter, or 75 euros per square foot).

provinces' capital cities

The cost of living in the Spanish province of Cuenca rose by a staggering 4.7 percent. Santa Cruz de Tenerife and Granada follow with an increase in asking prices of 3.7%. Palma prices rose 3.2%, while Madrid prices only increased by 2.4%. Barcelona recorded a fall of only 0.3% during the autumn.

It happened in Pontevedra, where they saw the largest decline (-2.2 percent ). The next point is a drop in Castellon (a 1.5% decrease), Guadalajara (a 1.3% decrease), Ceuta (a 1.1% decrease), Ourense (a 1.1% decrease), and León (a 0.1% decrease) (-0.9 percent ). prices in Oviedo, Burgos, and Las Palmas de Gran Canaria all fell as well (-0.1 percent ).

The regional capital with the highest overall price tag is San Sebastián, which comes in at 4,372 euros per square meter, with Barcelona not far behind at 4,206 euros per square meter. Madrid is the third most expensive at 3,810 euros per square meter, while Palma and Bilbao are equal fourth at 2,947 euros per square meter. The least expensive Spanish capital city is Ávila, which is valued at 1,016 euros per square meter or 94 euros per square foot.

idealist price index

We have revised our methodologies so that we are now using the idealista reports for the first quarter of 2019. New formulas were added to incorporate idealista/data, making price analysis even more robust, especially in small areas. We avoid the occurrence of spikes in our data series by using the new methodology for calculating data from 2007 and onward.

The data statistical team recommended we recalculate the formula to find the median price, rather than the mean price, as well as eliminating nonrepresentative property listings and property listings with wildly varying prices from the market average. The change gives us greater control over our prices and further fine-tunes our pricing methodologies, with adjustments made to our price reporting methodologies in nearby countries to obtain accurate property data.

From now on, we will only keep single-family houses in our database, and we will get rid of any other kinds of property that have been around for a long time without having any input from our customers. To keep the report relevant, it has to reflect what properties sell for on idealista.