Housing prices in Spain are on the rise

What's happened? In the first quarter of 2023 the prices of previously owned homes rose by 2.9%. On the yearly basis the prices have increased by 7.3% . This positive trend was mentioned all over the country.

Regions. The most year-on-year price growth for homes and apartments from owners was registered in Murcia (+4.6%). It is followed by Andalusia (+4.2%) and the Valencian Community (+3.8%).

On the other hand, the minimum increase was noted in Asturias, Castile-la-Mancha  and Euskadi, where prices rose by only 0.6-0.8%.

Rating. Balearic Islands is the most expensive location in Spain to purchase housing. In general owners ask an average of €3,750 per square meter. Madrid is next (€3,110).

Murcia remains the most affordable region. Despite a significant increase in prices, the cost of square meter here is only €1,130.

Source: Spanish News Today

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