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The price of housing goes up in Madrid, Baleares,

Navarra and Extremadura in the third quarter

 

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According to the Ministry of Public Works, in the third quarter of this year, the average price of private housing fell by 4.5 % year on year, being in 1495.3 Euros per square meter. This is 3.3 percentage points less than the decline experienced in the previous quarter (7.8%), remaining at 2004 levels. The price also reflects a decrease of 0.5 % quarter on quarter. Prices of new housing (up to two years old) decreased to a lesser extent, by 2.5 % to 1,564 Euros per square meter. However, in the case of used housing, annual decline was 5.2%, to 1472.7 Euros per square meter.
The adjustment of the Spanish property market continues and the price of homes has now 22 consecutive quarters of declines , but after almost 6 years of decline seems that the pace of this adjustment will moderate in general, and even rising in some communities as shown below .


Geographical distribution


According to the information of Development, during the third quarter decline was the smallest since the last quarter of 2010 when the market experienced a break because buyers anticipate their purchases by successive fiscal measures taken by the Government . But in addition, there are four regions in which the price of housing goes up: Baleares (+4.8 %), Navarra (+4.3 %), Extremadura (+2.8 %) and Madrid (+ 0.3%).
In the case of Madrid, the price had been steadily falling year on year throughout the crisis. Now after the third consecutive quarterly rise (0.6%) and prices rose 0.3 % in the last 12 months, compared to the annual rate of decline of 4% in the previous quarter.
No variation is the Basque Country. The largest price declines of free housing is located in La Rioja (-12.6 %) , Cantabria (-10.7 % ), Aragon (-10.5 % ), Asturias (-10.1 %) and Catalonia (-8.9 %).
For municipalities with over 25,000 inhabitants , higher prices per square meter are in San Sebastián ( 3,407 euros) , Getxo ( 3119.9 euros) , Bilbao ( 2657.6 euros) , Alcobendas ( 2618.6 euros) , Ibiza ( 2573.2 euros) , Calvia ( 2533.8 euros) , Leioa ( 2509.1 euros) , Sant Cugat del Vallès ( 2494.4 euros) , Basauri ( 2,493 euros) and Barcelona ( 2466.3 euros). The lowest prices in municipalities of over 25,000 inhabitants were recorded in Jumilla (591 euros), Elda (604.6 euros), Algemesí 
(630.9 euros), Ontinyent ( 655.3 euros), Tomelloso ( 660 euros) and Yecla ( 668.6 euros).

Source: Ministry of Public Image: elpais.com