October Existing-Home Prices Stand Still

4/11/2014 – El Pais

Pricing for secondhand housing in Spain declined by a shy 0.1% in October over the month of September but it accumulates a year-on-year slump of 5.1%. A square meter stands at 1.600 Euros, the latest price index by Idealista.com indicates.

Homeowners in the Canary Islands asked by 0.7% more, followed by those living within the Valencian Community region (up 0.4%), Catalonia (0.3%), Andalusia and Extremadura (0.1% in both).

On the other hand, property values fell in Castille-La Mancha (down 1.1%), Aragon (0.8%), Castille-Leon and Galicia (both 0.6%).

Most expensive houses are found in the Basque Country (2.676 Euros a square meter), second ranks the Community of Madrid (2.304 €/m2) and Catalonia (1.849 €/m2).

On the contrary, Castille – La Mancha (1.008 €/m2), Extremadura (1.039 €/m2) and Murcia (1.086 €/m2) seemingly offer reduced prices.


Original article: El País (by Paula Cossío)

Translation: AURA REE