Land Prices at Floor Level After Collapsing by 21% in 2013

18/03/2014 – Expansion

In 2013, an average land plot price fell by 21% to 147.9 €/sqm and stayed at the historic minimum level despite of a tiny rebound of 0.2% noted down in the fourth quarter of the year in comparison with the three preceeding months, according to the Ministry of Development data.

Thus, at the end of 2013 prices of urban land accumulated a 48.1% decline in contrast to the price set at 285 €/sqm registered in golden 2007.

The aforementioned data informs that number of transactions involving land dropped by 2.4% to 14.555 operations. However, the transfer volume expanded by 6.7%.

 

 

Original article: Expansión (EP)

Translation: AURA REE

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