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This decline in the price of second hand homes was registered despite prices increasing in 11 of Spain’s 17 regions. The greatest increase was recorded in the Canary Islands, where prices rose by 1.6% compared with a month ago, followed by Madrid (+0.9%) and Catalonia (+0.8%).
In the Balearic Islands, prices rose by 0.5%, while in Murcia and Andalucía the increase was 0.4%. In contrast, the greatest price declines were registered in Extremadura and Cantabria (both -1.7%), followed by the Basque Country (-0.4%) and Castilla y León (-0.3%).
Remaining at the top of the ranking as the most expensive region in Spain is the Basque Country, where the average price for second hand homes stood at 2,508 euros per square metre, followed by Madrid (2,372 euros/m2) and the Balearic Islands (1,922 euros/m2), while the most affordable regions are Castilla-La Mancha (904 euros/m2), Extremadura (919 euros/m2) and Murcia (1,010 euros/m2).
Some 25 of Spain’s provinces recorded positive figures in relation to second hand housing prices during the month of August, with prices rising by 2.8% in Lerida, followed by: Girona (+2.5%); Las Palmas (+1.9%); Palencia (+1.8%); Santa Cruz de Tenerife, Cadiz and Tarragona (all with +1.2%).
In contrast, the greatest declines were those recorded in Cáceres and Cantabria (both -1.7%), followed by Badajoz (-1.6%), Córdoba (-1.4%) Burgos and Teruel (both -1.3%).
The Basque provinces of Guipúzcoa and Biscay again rank as the most expensive provinces, with average prices of 2,815 euros and 2,564 euros per square metre, respectively, followed by Madrid (2,372 euros) and Barcelona (2,146 euros).
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