The house registers its second highest price since 2011: 1,740 euros/m2

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The free house price It has been 4.7% more expensive during the third quarter of this year compared to the same period of the previous year, this represents an increase of up to 1,740 euros/m2. According to the Ministry of Transport, Mobility and Urban Agenda, this price is practically the same as already registered the previous quarter. With this new year-on-year rise, the price of housing marked the second highest price since 2011 between July and September, only slightly surpassed by the one registered in the previous quarter, of 1,740.7 euros per square meter. With all this, the price of housing it has become more expensive by 5.6% so far this year.

According to the historical series of this statistic, the price of the house highest was recorded in 2008coinciding with the market boom real estate prior to the flat tire bubble. So, specifically in the first quarter of the year, the price of housing reached a maximum of 2,101.4 euros/m2.

Housing up to 5 years: the one that has increased prices the most

By type of dwelling, that of up to five years old became more expensive in the third quarter 5.8% in interannual rate up to 2,051.8 euros/m2, the highest price since the end of 2010, when it was exceeded by 2,092 euros. In addition, housing up to five years shows an increase of 1% in its price compared to the three previous months.

On the other hand, the price of the dwelling for more than five years grew a 4.7% up to 1,730.6 euros. However, compared to the previous quarter, housing older than 5 years fell by 0.1%. In the case of the sheltered housing, the price fell 0.9% interannual up to 1,136 euros per square meter, an adjustment that rose to 1.4% compared to the second quarter of the year.

The price shoots up in Madrid by 7%

The house prices rose in all communities regions during the third quarter of the year, with the highest increases being those of the Balearic Islands (7.3%), Comunidad de Madrid (7%), Navarra and Cantabria (5.2%, respectively).

In the third quarter of the year the highest price per square meter was registered in the Community of Madrid (2,874 euros), followed by the Balearic Islands (2,677 euros); Basque Country (2,524 euros) and Catalonia (2,130 euros). On the other hand, in Extremadura the price of housing is the lowest in Spain with 867 euros per square meter.

Source: lainformacion.com

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