The average price of free housing in Spain stood at 1,587.9 euros per square meter in the second quarter, which represents an increase of 3.8% compared to the same period a year earlier and an increase of 1.4 % if compared to the previous quarter, according to data from the Ministry of Public Works.
After 26 quarters of year-on-year falls in house prices , which started in late 2008, the figure represents the thirteenth consecutive quarter of nominal price increases . In real terms, discounting inflation, the price of free housing experienced an increase of 2%.
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By autonomous community, Fomento has verified that twelve of them presented year-on-year growth, highlighting Madrid (+ 9.6%), Catalonia (+ 6.2%), the Balearic Islands (+ 5%), the Canary Islands (+ 3.9%), Navarra (+ 3.1%) and Aragón (+ 3%). Conversely, five autonomous communities showed year-on-year falls, the most notable being Cantabria (-1.6%), Castilla-La Mancha (-1.1%) and Castilla y León (-0.8%).
According to the historical series of this statistic, the average value per square meter in the second quarter of 2018 is 24.4% lower than the maximum level reached in the first quarter of 2008 .
From the minimum value, registered in the third quarter of 2014, the price has recovered by 9.1% . Furthermore, in real terms (taking into account the variation in the CPI) the current price reflects a drop from highs of 33.7%.
The average value of the square meter of free housing up to five years old stood at 1,810.3 euros between April and June, representing a year-on-year growth of 0.8%.
Regarding free housing over five years old, the price reached more than 1,581.1 euros per square meter, with a 3.9% increase in the interannual rate.
By municipalities with more than 25,000 inhabitants , the highest prices for free housing were registered in San Sebastián (3,564.5 euros per square meter), Sant Cugat del Vallès (3,337.1 euros), Barcelona (3,297.3 euros), Ibiza (3,2929.7 euros), Santa Eulalia del Río (3,057.3 euros), Pozuelo de Alarcón (3,029.5 euros), Madrid (3,012 euros) and Majadahonda (2,925.6 euros).
The lowest prices in municipalities with more than 25,000 inhabitants were located in Elda (514.1 euros per square meter), Villena (541, 9 euros), Puertollano (559.9 euros), Petrer (565.2 euros), Villarrobledo (587.8 euros) and Hellín (596.4 euros).
Likewise, the average price of a square meter of subsidized housing in Spain in the second quarter reached 1,130 euros, which represents an increase of 0.1% compared to the first quarter of this year. The variation qnnit to the same quarter of 2017 shows a drop of 0.4%.
The number of real estate appraisals used to calculate house prices up to June was 144,317, which is 12.4% more than in the same quarter of the previous year.
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