{"id":3348,"date":"2021-03-17T12:50:25","date_gmt":"2021-03-17T11:50:25","guid":{"rendered":"https:\/\/www.marbellaforsale.com\/blog\/?p=3348"},"modified":"2021-03-17T12:50:25","modified_gmt":"2021-03-17T11:50:25","slug":"second-hand-house-prices-up-in-february","status":"publish","type":"post","link":"https:\/\/www.marbellaforsale.com\/blog\/second-hand-house-prices-up-in-february\/","title":{"rendered":"Second-Hand House Prices Up in February"},"content":{"rendered":"
\"Second-hand

Spanish housing continues to bounce back<\/p><\/div>\n

The price of second-hand housing in Spain increased by 0.5% in February<\/strong> placing the average cost per square metre at 1,883 euros. Year-on-year, the variation was +2.2%, the fourth year-on-year increase following 11 months of falls (from December 2019 to October 2020).<\/p>\n

“One of the most significant consequences that the confinement of 2020 has left us is the great interest in buying a home that has been aroused among the Spanish. A demand that is reflected in practically all communities where second-hand housing prices have increased and the upward trend that began last November continues to be confirmed,<\/em>” explains Ana\u00efs L\u00f3pez, Director of Communications at Fotocasa<\/a>.<\/p>\n

Autonomous Communities<\/h3>\n

14 autonomous communities presented positive monthly data in the price of second-hand homes for sale in Spain<\/a> in February 2021. The increases were seen in: Aragon (2.3%), Galicia (1.2%), Catalonia (1.0%), Navarra (0.8%), La Rioja (0.8%), Region of Murcia (0.7%), Canary Islands (0.6%), Andalusia (0.5%)<\/strong>, Valencian Community (0.4%), Balearic Islands (0.3%), The Basque Country (0.1%), Madrid (0.1%), Cantabria (0.02%) and Castilla-La Mancha (0.002%). The Communities that saw prices fall include: Extremadura (-1.1%), Asturias (-0.3%) and Castilla y Le\u00f3n (-0.2%).<\/p>\n

When looking at price ranking for the Autonomous Communities, we find the most expensive second-hand housing prices in Spain are in Madrid<\/strong> and the Basque Country, with prices of 3,071 euros\/m\u00b2 and 2,883 euros\/m\u00b2, respectively. They are followed by the Balearic Islands with 2,833 euros\/m\u00b2, Catalonia with 2,508 euros\/m\u00b2, the Canary Islands with 1,784 euros\/m\u00b2, Cantabria with 1,736 euros\/m\u00b2, Navarra with 1,688 euros\/m\u00b2, Andalusia with 1,651 euros\/m\u00b2, Galicia with 1,602 euros\/m\u00b2, Asturias with 1,581 euros\/m\u00b2, Aragon with 1,581 euros\/m\u00b2, Valencian Community with 1,435 euros\/m\u00b2, Castilla y Le\u00f3n with 1,430 euros\/m\u00b2, La Rioja with 1,422 euros\/m\u00b2, Extremadura with 1,165 euros\/m\u00b2, Region of Murcia with 1,147 euros\/m\u00b2 and Castilla-La Mancha with 1,127 euros\/m\u00b2.<\/p>\n

Provinces<\/h3>\n

In 68% of the 50 provinces, second-hand homes increased in price in February. The provinces with the highest increases in the ranking are: Zaragoza (2.2%), Huesca (2.0%), Pontevedra (1.8%), Araba – \u00c1lava (1.4%), Lugo (1.4%), Huelva (1.4%), Alicante (1.0%), Girona (0.9%), Navarra (0.8%) and La Rioja (0.8%). On the other hand, the largest monthly decreases were in Soria (-1.8%), Burgos (-1.8%), Badajoz (-1.8%), Gipuzkoa (-1.3%), Teruel (-1.2%), Castell\u00f3n (-1.0%), Le\u00f3n (-0.7%), Cuenca (-0.5%), Zamora (-0.3%) and Valencia (-0.3%).<\/p>\n

Regarding prices among the provinces, Gipuzkoa is the most expensive province<\/strong> with 3,201 euros\/m\u00b2, followed by Madrid (3,071 euros\/m\u00b2) and Barcelona (2,989 euros\/m\u00b2), among others. On the other hand, the provinces with a price per square meter below 1,000 euros are Ciudad Real with 964 euros\/m\u00b2 and Toledo with 982 euros\/m\u00b2.<\/p>\n

In Malaga<\/strong>, the average price per square metre reached 2,280\u20ac, with an increase in February of 0.5%.<\/p>\n

Provincial capitals<\/h3>\n

In 32 of the 50 provincial capitals (64%) the price increased in February compared to the previous month. The ten largest monthly increases correspond to the following cities: Huelva capital (3.4%), Pontevedra capital (3.1%), Guadalajara capital (2.8%), Segovia capital (2.4%), Toledo capital (1.9%), Vitoria – Gasteiz (1.8%), Valladolid capital (1.6%), Las Palmas de Gran Canaria (1.5%), C\u00e1diz capital (1.4%) and Zaragoza capital (1,3%).<\/p>\n

On the other hand, the ten capitals with the greatest decreases are: Cuenca capital (-1.0%), Pamplona \/ Iru\u00f1a (-1.0%), Badajoz capital (-0.8%), Burgos capital (-0.6 %), Tarragona capital (-0.5%), Murcia capital (-0.5%), Seville capital (-0.5%), Almer\u00eda capital (-0.4%), Salamanca capital (-0.3 %) and Barcelona capital (-0.3%).<\/p>\n

“An important aspect to highlight is that although we are detecting monthly decreases in large cities such as Barcelona, Donostia-San Sebasti\u00e1n or Madrid, if we look at the year-on-year increases we see that their comparative percentages with respect to the national average are skyrocketing by more than 100%. (Barcelona Capital 134%, Donostia-San Sebasti\u00e1n 196% and Madrid 104%). This indicates that the demand for home purchases is very solid in these areas and that for this reason, the owners are reluctant to lower prices<\/em>“, comments the Director of Communication.<\/p>\n

Regarding prices, the most expensive provincial capital is Donostia – San Sebasti\u00e1n with 5,576 euros\/m\u00b2, followed by Barcelona capital (4,421 euros\/m\u00b2), Madrid capital (3,851 euros\/m\u00b2), Bilbao (3,377 euros\/m\u00b2), Palma de Mallorca (3,020 euros\/m\u00b2), Vitoria – Gasteiz (2,620 euros\/m\u00b2), C\u00e1diz capital (2,484 euros\/m\u00b2) and A Coru\u00f1a Capital (2,362 euros\/m\u00b2).<\/p>\n

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