The islands are listed among regions experiencing increases exceeding 10%
Madrid/Santa Cruz de Tenerife, 23 Mar. (Europa Press) –
The cost of housing in Spain has surged by 10.4% on a year-on-year basis, reaching €13.54 per square metre. However, there has been a slight 0.1% decrease in the monthly variation, according to data from Fotocasa. In contrast, the Canary Islands reported an increase of 11.9%.
Consequently, Spain’s year-on-year variation has risen from 7.3% in February of the previous year, when the housing price stood at €13.54, to the current 10.4%.
In all autonomous communities, with the exception of Aragon, maximum records were surpassed, as prices have surpassed €1,000 per month at a national level. Furthermore, average prices approached €1,500 in cities with the highest population appeal, in tourist hotspots, and across the archipelagos.
The Autonomous Communities that experienced price increases greater than 10% include Aragon (15.3%), Madrid (14.6%), Asturias (13.8%), Region of Murcia (13.6%), La Rioja (12.6%), Catalonia (12.5%), Navarra (12.4%), Canary Islands (11.9%), Valencian Community (10.2%), and Andalusia (10%).
Trailing behind were Castilla-La Mancha (9.6%), Galicia (9.6%), Basque Country (8.9%), Balearic Islands (6.7%), Castilla y León (6.6%), Extremadura (4.5%), and Cantabria (0.5%).
In terms of the ranking of autonomous communities with prices exceeding €15 per month, Madrid (€20.96), Catalonia (€18.50), Balearic Islands (€18.34), and Basque Country (€16.62) topped the list.
Following were the Canary Islands (€14.45), Valencian Community (€12.93), Navarra (€12.71), Cantabria (€12.07), Andalusia (€11.39), Asturias (€10.88), Aragon (€10.70), Galicia (€9.73), Region of Murcia (€9.54), La Rioja (€9.54), León (€9.21), Castilla-La Mancha (€7.62), and Extremadura (€6.97).
Moreover, the provinces showing the highest year-on-year increases included Huesca (19.8%), Lugo (18.8%), Palencia (15.1%), Cuenca (14.7%), Madrid (14.6%), Toledo (13.9%), Asturias (13.8%), Zaragoza (13.8%), Murcia (13.6%), Las Palmas (13.3%), La Rioja (12.6%), Vizcaya (12.4%), Navarra (12.4%), Barcelona (12.1%), Lleida (12.1%), Seville (11.7%), Valencia (11.6%), Castellón (11%), Albacete (10.7%), Santa Cruz de Tenerife (10.7%), and Jaén (10.3%).
Additionally, the six most expensive provinces were Madrid (€20.96), Barcelona (€20.58), Guipúzcoa (€18.47), Balearic Islands (€18.34), Vizcaya (€16.28), and Malaga (€15.43).
Conversely, the three least expensive provinces for renting a property were Jaén (€6.11), Ciudad Real (€6.52), and Badajoz (€6.85).
Cities.
In terms of provincial capitals, year-on-year increases exceeding two digits were noted in Toledo Capital (27.2%), Lugo Capital (18.6%), Castellón de la Plana (16.9%), Pamplona (14.9%), Zaragoza Capital (14.3%), Oviedo (14.2%), Seville Capital (13.8%), Palencia Capital (13.1%), Huelva Capital (13%), Zamora Capital (12.8%), Madrid Capital (11.9%), Valladolid Capital (11.5%), Córdoba Capital (10.2%), and Logroño (10%).
Among the cities where rental prices exceeded €10 per month were Barcelona capital (€23), Madrid capital (€22.03), San Sebastián (€20.70), Palma de Mallorca (€18.31), Bilbao (€16.71), Malaga capital (€15.78), Valencia Capital (€15.72), Girona Capital (€15.17), Las Palmas de Gran Canaria (€14.89), Sevilla Capital (€14.31), Santa Cruz de Tenerife Capital (€13.94), Pamplona (€13.52), and Alicante (€13.05). In contrast, only the city of Jaén maintained a price of €6.92 per square metre per month.
