URBAN land transactions in Spain increased by 21 per cent during the third quarter of 2014, with the average price of land per square metre falling in the same period.
A total of 4,293 urban land transactions took place between July and September, representing an increase of 13.2 per cent over the previous quarter and a fifth increase over the same period last year. The Balearic Islands is one of the municipalities that registered the highest average price per square metre at €412.8.
In smaller municipalities (less than 1,000 inhabitants), a total of 422 transactions were carried out, an increase of 13.6 per cent on the same quarter of 2013. Municipalities with inhabitants between 1,000 and 5,000 saw 867 sales, up 11.6 per cent, and in areas with a population of between 10,000 and 50,000 people, transactions were up 29.6 per cent. Areas with more than 50,000 inhabitants registered 1,008 sales, up 66.6 per cent.
The surface area of the land transactions carried out in the third quarter of 2014 reached 5.3 million square metres, with a value of €667.6 million.