The average price of second-hand housing descended a 1,02% at first term of this year in relation to the previous one, what up 1.555 euros per square meter.

In terms year-on-year, the price went up a 1,48% in March, while the decrease with respect to February was 1,21%.

According to the director of Estudios de piso.com, Ferran Font, la trayectoria de los precios “continues to move between reasonable margins that do not lead to the anticipation of sharp disproportions.

The most expensive region in the month of March was the Basque Country, with 2.506 euros the square meter, while the cheapest was Castilla-La Mancha, priced at 870 euros the square meter.

 

The average price of second-hand housing in Spain decreased by 1,02% at first quarter of 2018 compared to last quarter, until 1.555 euros per square meter, según el informe trimestral del portal inmobiliario pisos.com.

By regions, los mayores repuntes tuvieron lugar en Navarra (2,26%), Baleares (2,22%) and Madrid (2,15%); while the most significant decreases were located in Basque Country (-3,56%), Canary Islands (-2,29%) and Estremadura (-2,04%). The most expensive region in March was Basque Country, with 2.506 euros the square meter, while the cheapest was Castilla la Mancha, priced at 870 euros the square meter.

By provinces, the largest quarterly increases occurred in A Coruña (6,19%), Cuenca (4,69%) and Lleida (3,89%); while the most marked setbacks were in Santa Cruz of Tenerife (-4,40%), Zaragoza (-3,52%) and Almeria (-2,36%). The province more way was Guipuzcoa, priced at 2.753 euros the square meter, and the most cheap Cuenca, with 670 euros the square meter.

In terms year-on-year, the price went up a 1,48% in March, while the decrease with respect to February was 1,21%. The biggest increases took place in Canary Islands (11,36%), Baleares (8,07%) and Catalonia (4,55%); while prices fell more sharply in the communities of Aragon (-7,48%), Asturias (-6,27%) and Extremadura (-5,32%).

Compared to the previous year, Barcelona (8,46%), Baleares (8,07%) and Las Palmas (7,60%) were the provinces that became more expensive; versus Zaragoza (-12,50%), Albacete (-9,94%) and Almería (-9,24%).

According to the director of Studies of pisos.com, Ferran Font, la trayectoria de los precios “continues to move between reasonable margins that do not lead to the anticipation of sharp disproportions. The upward pressure we were getting used to is gradually easing, taking refuge in containment”, Explain. Also, has highlighted that the central districts of large cities, they were the ones that rose the strongest when the housing market began its recovery, “they are hitting ceiling”.

For the spokesperson of the real estate portal, habrá más tensión en la evolución del precio de la vivienda usada en aquellas localizaciones donde el stock existente y el inicio de obra nueva no vayan en línea con la creación de hogares. “So that the sector gains dynamism and its activity is sustainable, the buyer's profile should be nurtured by first-home recipients, given that the group consisting of investors and repositories is exhausted”, has pointed.

For this to happen, the working conditions of those interested in making their debut as owners “must be conducive”, as “only in this way is it possible to carry out a controlled risk financial effort”, Font has pointed out.

Madrid's community

The price of second-hand housing grew up during March a 2,44% Respect to the same month of previously year, standing at 2.073 euros per square meter on average. This figure represents an increase in 2,15% compared to December 2017, the third most marked in Spain. Monthly, rose a 0,85 percent, also the third highest nationally.

Thus, Madrid was the third most expensive autonomy, behind the Basque Country (2.506 euros per square meter) and Balearic Islands (2.432 euros ). Also, the region was the fourth most expensive province.

As for the Madrid districts, the most intense quarterly rises starred them Barajas (8%), Center (4,85) and Moncloa-Aravaca (3,47). The only drops dropped them Arganzuela (-0,87) and Moratalaz (-0,03).

Los distritos que más they grew frente al año pasado fueron Center (19,65%), Barajas (15,78) and Salamanca (9,36%). Los distritos más expensive were Salamanca (5.283 euros per square meter), Chamartín (4.699) and Center (4.580), while the most cheap were Villaverde (1.455), Vallecas Bridge (1.563) and Usera (1.711).

Respecto a los Madrid municipalities, Villanueva del Pardillo (3,32 percent) starred in the most significant rise in the region at quarterly level, while Manzanares del Real (-1,98) recorded the highest drop in autonomy in this period.

Year-on-year, Cobeña (16,52 percent) It was the Madrid town that most went up, while Pinto (-15,66) threw the biggest descent in the region. The Madrid town more way in march 2018 was Pozuelo de Alarcón (2.869 euros per square meter), while San Martín de Valdeiglesias (911) it was the most cheap region of.

[Source:Elmundo.es]