How Much Does Real Estate Cost in Spain?

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According to the index number of real estate market in Spain in April 2010 the average cost of housing has remained stable compared to the previous month. Prices declined only 0.3% resulting in an average price of 2.342 euros per square meter. Thus, given this figure, the house of 80 m2 in Spain can be bought for 187,360 euros.

On the Balearic Islands and Galicia housing prices begin to rise

According to the report provided with the IESE, only the Balearics Islands and Galicia – two self-contained communities, 2.6% and 0.5% respectively, at the same time in the Basque Country and Andalusia prices remain constant compared to the previous month. Between -0.1% in the Valencia Community and -1.6% in Aragon.

Catalonia and Madrid remains the most expensive region among all Spanish communities, located in Extremadura, Murcia and Castilla-La Mancha. In these regions the cost of the house of 80 m2 varies between 303 490 euros in the Basque Country and 134,750 euros in Extremadura.

Gipuzkoa (Basque Country) – the most expensive region, and Ciudad Real (Castilla-La Mancha) – the cheapest city in Spain

Analyzing Spain, highlights Gipuzkoa and Ciudad Real, as the most expensive and most affordable housing, respectively. If Gipuzkoa cost per square meter is 4,296 euros, in Ciudad real average cost of housing is 1,483 euros / m2.

April 2010 what has been recorded in Badahoz (Extremadura) and adjusted to -2%. The biggest decrease in an increase of 8.6% over the last month, noted in Lugo (Galicia), and the greatest decrease in prices in April 2010.

In coastal regions, housing prices rise

According to a report fotocasa.es, ten provincial capitals of Spain, where the marked increase in the house prices, five cities located in coastal area. The biggest change in property prices in April 2010 noted in Palma de Mallorca: 3.5%. Cadiz capital with the growth of 1.6%, Las Palmas de Gran Canaria (1.3%), Alicante (0.9%) and San Sebastian (0), 8% ).

On the other hand, in the city of Vitoria, in the center of the province of Alava (Basque Country), in April 2010 which recorded the greatest decline in property prices – 2.1%. In other cities prices have fallen in the range from -1.9% in Huesca (Aragon) to -0.1% in Barcelona (Catalonia).

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Source by Kelvin Davison