Daya Vieja Property for Sale

The price of second-hand housing in Spain is down 0.7% in 2016

The Valencian Community is one of the Spanish regions where second-hand housing has increased in price (2.5%), although it remains one of the areas with the cheapest housing prices in Spain.

According to the latest data, second-hand housing in Spain returns to normal with a marked positive trend, despite the small year-on-year decline. The price of second-hand housing fell by 0.7% in 2016 to 1,552 euros per square meter, while in the third quarter of the year there was a 1.3% increase.

By autonomous communities, the highest rise was registered in the Canary Islands, where the price of second-hand housing was 7.8% higher than a year ago. Behind it were the Balearics (5.3%), Catalonia (3%), Valencia (2.5%), Andalusia (1.5%) and Madrid (1.1%).

On the other side are the declines recorded in La Rioja (-5%), Aragón (-4.9%) and Castilla-La Mancha (-3.5%). The rest of regions, except Murcia, which has kept its prices stable with respect to a year ago, have registered decreases in the prices of second-hand housing.

The Valencian Community, one of the areas with the cheapest price.

In addition, the regions with the lowest prices for used homes are Castilla-La Mancha (919 euros per square meter), Extremadura (939 euros per square meter), Murcia (1,044 euros per square meter), La Rioja Per square meter), and Castilla y León and Comunidad Valenciana, which have average prices of 1,186 euros per square meter.

Basque Country, Madrid, Baleares and Catalonia, regions with second-hand housing more expensive.

Taking into account the price per square meter, Basque Country, with an average price of 2.506 euros per square meter, has continued to head the most expensive communities. This is followed by Madrid (2,375 euros per square meter), Baleares (1,972 euros per square meter) and Catalonia (1,901 euros per square meter).

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