The market for second-hand properties in Spain slows down in October

MADRID - Nov. 19, 2019 - PRLog -- According to the housespain.co.uk real estate portal for month of October, the price of used housing for sale rose by 0,1% compared to September and the interannual variation stands at 4,2%.

This month's study can confirm the slowdown in the growth in the price of housing that has been announced months after, since most of the markets, even the most important ones, show signs of exhaustion due in large part to the demand reduction, since the number of purchase and sale operations is reduced month after month.

The real estate portal Housespain.co.uk observes a slight increase in the price of second-hand housing in Spain for sale during the month of October compared to September. The average price of the square meter of the used house for sale is placed in 1.741 Euros compared to the 1.740 Euros that ended September.

Which are the most expensive / cheap provinces to buy housing?

Balearic Islands, Barcelona and Vizcaya remain the most expensive provinces, followed by Guipúzcoa and Madrid. On the contrary, León, Ciudad Real, Badajoz, Palencia and Cáceres are the provinces where the price per square meter is lower.

Provinces and capitals that have decreased / increased the price during the month of October

The Spanish provinces in which the price of housing decreased most during the month of October were: Soria (-0,8%), Cáceres (-0,6%), Lleida (-0,5%), Valladolid (-0,5%) and houses for sale in Almería (-0,5%). On the contrary, the provinces that increased the price were: Granada (1,3%), Navarra (1,1%), Ávila (1,1%), Huelva (0,9%) and the apartments for sale in Málaga (https://www.housespain.co.uk/houses-sale-malaga.aspx) (1%).

The provincial capitals that fell the most during the month of October were: Houses in Santander (-5,4%), Salamanca (-4,7%), Córdoba (-4,3%), Cuenca (-2,4%) and A Coruña ( -2,3%). On the contrary, the capitals that rose the most were: Murcia (10%), Tarragona (8,4%), Segovia (8,1%), apartments in Oviedo (3,4%) and Sta. Cruz de Tenerife (1,1%)

What happened in the big capitals during October?

Analyzing the prices of the month of October for the properties for sale in Barcelona and Madrid Capital, the capital 2 experiences a setback in the price, an 0,3% Madrid and 0,2% Barcelona, ​​the average price per square meter is placed at 3.703 Euros in Madrid and 3.710 Euros in Barcelona. Examining by District, in Madrid Salamanca, Chamartín, Chamberí and Retiro stand out with an average price per square meter of 5.192 Euros and in Barcelona: Eixample, Les Corts, Sarrià-Sant Gervasi and Ciutat Vella with an average price of the square meter of 5.041 Euros. https://www.housespain.co.uk/realestate-indicator.aspx