How Much Does Real Estate in Spain Cost?

According to the index number of real estate market in Spain in April 2010 the average cost of housing has remained stable compared to the previous month. Prices declined only 0.3% resulting in an average value of the property amounted to 2,342 euros per square meter. Thus, given this figure, the house of 80 m2 in Spain can be bought for 187,360 euros.

On the Balearic Islands and Galicia housing prices begin to rise

According to the report provided with business school IESE, only the Balearic Islands and Galicia – two self-contained community, where an increase was recorded in the value of property: 2,6% and 0,5% respectively, at the same time in the Basque Country and Andalusia prices remained constant compared to the previous month. In the remaining 13 regions of lower prices rung between -0.1% in the Valencia Community and -1,6% in Aragon.

Catalonia and Madrid remain the most expensive region among all the Spanish communities, while the cheapest real estate is located in Extremadura, Murcia and Castilla-La Mancha. In these regions the cost of the house of 80 m2 varies between 303 490 euros in the Basque Country and 134,750 euros in Extremadura.

Gipuzkoa (Basque Country) – the most expensive region, and Ciudad Real (Castilla-La Mancha) – the cheapest city in Spain

Analyzing real estate by prices throughout Spain, highlights Gipuzkoa and Ciudad Real, as the most expensive and cheapest region for the purchase of housing, respectively. If Gipuzkoa cost per square meter property is 4,296 euros, in Ciudad real average cost of housing is 1,483 € / m2.

The biggest price increase with an increase of 8,6% over the last month, noted in Lugo (Galicia), and the greatest decrease in prices in April 2010 was recorded in Badahoz (Extremadura) and amounted to -2%.

In coastal regions, housing prices rise

According to a report provided, ten provincial capitals of Spain, where the marked increase in the house prices, five cities located in coastal area. The biggest change in property prices in April 2010 noted in Palma de Mallorca: 3,5%. Among other cities of the coast, where there was an increase in housing prices, are Cadiz capital with the growth of 1,6%, Las Palmas de Gran Canaria (1,3%), Alicante (0.9%) and San Sebastian (0,8%).

On the other hand, in the city of Vitoria, in the center of the province of Alava (Basque Country), in April 2010 was recorded the greatest decline in property prices – 2,1%. In other cities prices have fallen in the range from -1.9% in Huesca (Aragon) to -0.1% in Barcelona (Catalonia).

Immobilienmakler Heidelberg

Makler Heidelberg

Source by Kelvin Davison

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