According to the data from the real estate portal Hogaria.net of the month of March, the price of the used home for sale fell by 0,2% with respect to February, the data at quarterly level shows a decrease in 0,4% and the interannual variation rises a 2,9%. During the month of March 26 provinces rose in price compared to the previous month.

The first quarter report confirms the trend towards moderation in prices, are already 5 consecutive months of cuts and this without taking into account the state of alarm and the crisis generated by COVID-19 since the impact on prices in this first quarter has been minimal. We will see the influence of this crisis in the coming months, the uncertainty that will be generated after the period of confinement, will promote, very likely, a noticeable drop in the price of second-hand housing.

The real estate portal Hogaria.net observes a further decrease in the price of the used home for sale during the month of March compared to February. The average price of the square meter of the used home for sale is located in 1.734 Euros versus 1.736 Euros ended February.

Ranking of the Most Expensive / Cheap Provinces to Buy a Home in March

Balearic Islands (3.270€/m2), Barcelona (3.117€/m2) and Biscay (3.007€/m2) they are still the most expensive provinces, Guipúzcoa follows (2.968€/m2) and Madrid (2.753€/m2). Conversely, Lion (1.146€/m2), Real city (1.141€/m2), Badajoz (1.189€/m2), Palencia (1.197€/m2) and Cáceres (1.232€/m2) are the provinces where the price per square meter is lower.

Provinces and capitals that have fallen / risen the most in the first quarter

The Spanish provinces in which the price of housing fell the most during the first quarter were: Cantabria (-1,9%), A Coruña (-1,7%), Huelva (-1,6%), Zamora (-1,6%) and Palencia (-1,6%). Conversely, the provinces with the highest price increases were: She. Tenerife cross (1,7%), Granada (1,6%), Badajoz (1,2%), Murcia (1%) and Guadalajara (0,7%).

The provincial capitals that fell the most in price during the first quarter were: Guadalajara (-1,4%), Salamanca (-1,2%), Badajoz (-0,8%), Soria (-0,3%) and Cuenca (-0,3%). On the contrary, the capitals that rose the most in price were: She. Cruz Tenerife (2,4%), A Coruña (1,8%), Málaga (1%), Castellón de la Plana (0,9%) and Seville (0,8%)

What has happened in large capitals during the first quarter?

Analyzing the prices of the first quarter in Madrid and Barcelona Capital, Madrid uploads a 0,2% While Barcelona descends a 0,2%. The average price per square meter is located in 3.694 Euros in Madrid and 3.656 Euros in Barcelona. Examining by District, Salamanca stands out in Madrid, Chamartín, Chamberí and Retiro with an average price per square meter of 5.203 Euros and in Barcelona: Eixample, Les Corts, Sarrià-Sant Gervasi and Ciutat Vella with an average price per square meter of 5.045 Euros.

In two of the most important national capitals like Seville (2.464 €/m2) and Valencia (2.261 €/m2). The two capitals rise in price during the first quarter, a 0,8% Seville and a 0,4% Valencia. The districts of Nervión, Los Remedios and Casco Antiguo are the most expensive in Seville with an average price of 3.605 € / m2 and in Valencia, Old City, L ’Example and Camins al Grau with an average price of 3.550 €/m2.

 

Source: Hogaria