The price of houses in Spain increase 2% in the fourth quarter of 2017

The price of houses in Spain increase 2% in the fourth quarter of 2017

 

This is confirmed by the Gesvalt Housing Report, which shows an increase of 2% in the fourth quarter of 2017, regarding the same period of the previous year. The average price per square meter is, thus, €1,228 on average. 

The Gesvalt report shows, however, that this growth is uneven among the autonomous communities, due to the greater or lesser influence of tourism or the speculation suffered by some regions, where there is still a severe accumulated oversupply that lowers prices. Therefore, the price of housing has increased above 5% in Madrid (7%), Galicia (10%), Catalonia (8%), Murcia (9%), Andalusia (6%) and Castilla León (10%).

The rental, on the other hand, maintains upwards, reaching an average raise of 10% in Spain, regarding the previous year.

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