Hogaria: Second-Hand House Prices Fell By 2.3% In April

10 May 2016 – El Economista

The price of second-hand homes decreased by 2.3% in April with respect to the same month last year and by 0.2% compared to the previous month, whereby recording their third consecutive monthly decrease, to amount to €1,575/sqm on average, according to Hogaria.net.

The five provinces in which second-hand house prices decreased by the most during the month of April were: Lleida (-1.2%), Ciudad Real and Burgos (-1.1%) and Lugo and Navarra, both of which recorded decreases of 0.9%.

By contrast, the provinces that experienced the highest price increases in April were: Almería (+1.1%), Madrid (+0.9%), Salamanca (+0.7%) and Alicante and Castellón (+0.6%, in both cases).

If we analyse the average prices in April in Madrid and Barcelona capitals, i.e. in the main markets in Spain, then prices in the former rose by 1%, whereas prices in the latter increased by 0.6%, to €2,963/sqm and €3,355/sqm, respectively.

In the case of Sevilla, the average price of second-hand homes increased in April by 0.6% to €2,047/sqm, whilst in Valencia the average price rose by 0.5% to €1,829/sqm.

Original story: El Economista

Translation: Carmel Drake

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