The price of second-hand housing fell by 0.7% in 2016 in Spain, to 1,552 euros per square meter
The Valencian Community is one of the areas of Spain where second-hand housing has risen in price (2.5%), although it remains one of the regions with the cheapest housing prices in Spain.
Second-hand housing in Spain is returning to normal with a marked positive trend, despite the small year-on-year decline. The price of used housing fell by 0.7% in 2016 to 1,552 euros per square meter, while in the third quarter of the year there was an increase of 1.3%.
By Autonomous Communities, the highest increase has been recorded in the Canary Islands, where the price of second-hand housing is 7.8% higher than a year ago. Behind it are the Balearics (5.3%), Catalonia (3%), Valencia (2.5%), Andalusia (1.5%) and Madrid (1.1%).
On the other side are the decreases registered in La Rioja (-5%), Aragón (-4.9%) and Castilla-La Mancha (-3.5%). The rest of regions, except Murcia, which has kept its prices stable with respect to a year ago, have registered decreases in the prices of second-hand housing.
Basque Country, Madrid, Baleares and Catalonia, the most expensive regions to buy used housing.
Taking into account the price per square meter, Basque Country, with an average price of 2.506 euros per square meter, has continued to head the most expensive communities. This is followed by Madrid (2,375 euros per square meter), Baleares (1,972 euros per square meter) and Catalonia (1,901 euros per square meter).
The Valencian Community, one of the regions with the cheapest prices.
In addition, the regions with the lowest prices for used homes are Castilla-La Mancha (919 euros per square meter), Extremadura (939 euros per square meter), Murcia (1,044 euros per square meter), La Rioja Per square meter), and Castilla y León and Comunidad Valenciana, which have average prices of 1,186 euros per square meter.
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