According to the data from the real estate portal Hogaria.net of the month of June, the price of the used home for sale fell by 2,4% with respect to the month of May, a 3% in quarterly rate and the interannual rate enters negative (-0,7%). During the month of June only one province (Guipuzcoa) price rose compared to the previous month.
In this month's report we highlight a general collapse of the second-hand home price in all provinces except one, leading to the annual rate to go into negative, fact that hasn't happened since year 2017. It seems that the coronavirus crisis begins to affect, negatively, at prices, and above all, fear of a second wave that would lead to further confinement in the fall, It could be causing many homeowners to lower the price of their home to sell as soon as possible.. Although it is early to venture a forecast, the data leads us to think that this trend will continue in the coming months, although at different speeds, one for the big markets, softer, and another, more accentuated, for the secondary and second home markets.
The real estate portal Hogaria.net observes a sharp decrease in the price of used housing for sale during the month of June compared to May. The average price of the square meter of the used home for sale is located in 1.685 Euros versus 1.724 Euros ended May.
Ranking of the Most Expensive / Cheap Provinces to Buy a Home in June
Balearic Islands (3.250€/m2), Barcelona (3.045€/m2) and Biscay (2.977€/m2) they are still the most expensive provinces, Guipúzcoa follows (2.975€/m2) and Madrid (2.716€/m2). Conversely, Real city (1.110€/m2), Lion (1.114€/m2), Badajoz (1.140€/m2), Palencia (1.161€/m2) and Cáceres (1.190€/m2) are the provinces where the price per square meter is cheaper.
Provinces and capitals that have fallen / risen the most in the second quarter
The Spanish provinces in which the price of housing fell the most during the second quarter were: Pontevedra (-6,1%), Castellón (-5,9%), Tarragona (-5,7%), Navarra (-5,6%) and Granada (-5,4%). Conversely, the only province that increased in price was Guipúzcoa (0,3%).
The provincial capitals that fell the most in price during the second quarter: She. Tenerife cross (-3,5%), Badajoz (-3,2%), Bilbao (-0,6%), Almeria (-0,2%) and Soria (-0,2%). On the contrary, the capitals that rose the most in price were: A Coruña (1,8%), Palma de Mallorca (1,5%), Valencia (0,6%), Lleida (0,5%) and Ávila (0,5%)
What has happened in the big capitals during the second quarter?
Analyzing the prices of the second quarter in Madrid and Barcelona Capital, the 2 capitals experience a price decline, Madrid does it a 0,1% and Barcelona a 0,2%, caused by the June drop, Madrid (-0,9%) and Barcelona (-1,2%). The average price per square meter is located in 3.690 Euros in Madrid and 3.652 Euros in Barcelona. Examining by District, Salamanca stands out in Madrid, Chamartín, Chamberí and Retiro with an average price per square meter of 5.218 Euros and in Barcelona: Eixample, Les Corts, Sarrià-Sant Gervasi and Ciutat Vella with an average price per square meter of 5.082 Euros.
In two of the most important national capitals like Seville (2.472 €/m2) and Valencia (2.274 €/m2). The two capitals rise in price during the second quarter, a 0,3% Seville and a 0,6% Valencia. The districts of Nervión, Los Remedios and Casco Antiguo are the most expensive in Seville with an average price of 3.641 € / m2 and in Valencia, Old City, L ’Example and Camins al Grau with an average price of 3.578 €/m2.