Second-hand house prices stable in February

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Stable prices for second-houses in spain

PRICES of second-hand houses in Spain remained stable in February, a report by real estate idealista.com has revealed.

The average price for a second-hand home during the last month was €1,726 per m2.

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This represents a 5.3 per cent decrease in relation to the same month in 2013.

Back then, the average prize was of €1,821 per m2, according to the house price index by idealista.com

However, when compared to the previous month prices had stabilised.


By regions, the biggest increases in second-hand house prices were registered in the Canary Islands and Navarra, both with an increase of 1.5 per cent.

They were followed by La Rioja, with a 0.7 per cent increase.


On the opposite side are Aragon, Casilla La Mancha and Galicia.

Prices of second-hand houses in these regions decreased by 1.9, 1.8 and 1.4 per cent respectively.

The Basque Country remains the most expensive region in Spain, with the average price per square metre at €2,838.

The same region topped the list of the most expensive real estate in Spain in 2013.

The Basque Country is followed by Madrid (€2,656/m2) and Cataluña (€1,921/m2) as the most expensive regions to buy a second-hand home.

For their part, Castilla La Mancha, Murcia and Extremadura are the cheapest regions, none of them with prices exceeding €1,100 per square metre.




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