The current situation of real estate market in Spain has experienced a significant increase in home prices. According to the data provided by the real estate portal Idealisticin June, the price of housing in Spain increased by 7.6% compared to the same month of June of the previous year, Placing the average price per square meter at 1,990 euros. In the case of Canary Islands, the average price per square meter stood at 2,245 euros in Junewhich represents an increase of 11.4% compared to the previous year.
With this situation, Idealista has compiled a list with the cheapest towns by autonomous communities to buy a home. El Tanque, a municipality in Santa Cruz of Tenerifeis the cheapest town in the Archipelago, with a price of 896 euros per square meter. This means that a house of 100 square meters would have a price of 89,600 euros in this town.
Changes in the real estate park
The rest of the list with 25 cheapest towns to buy a home nationwideAmong what stands out is that none of the cheapest towns are in the Balearic Islands. The cheapest town in Spain in this list is sheep fountainlocated in the province of Cordobawhere the average price of land is 334 euros per square meter.
What these data come is to confirm that the real estate park has suffered a growth in prices throughout Spain, although there are still towns and municipalities where the cost may be lower, which offers greater accessibility when buying a house. It’s important to put attention on these conditions may change over timeTherefore, it is advisable to carry out a thorough investigation and obtain appropriate advice before making decisions related to the purchase of a home.
