The price of private housing in Spain up 1.5% in the fourth term of 2016

The price of private housing in Spain up 1.5% in the fourth term of 2016

After 26 trimesters of year on year falls in house prices, which began in 2008, the latter is now the seventh consecutive term showing a nominal rise in prices. 

In real terms, that is to say, not counting inflation, the price of a private house has shown an annual growth for the ninth consecutive trimester, reaching an annual increase of +0,5%. However, there is a noticeable slowing down of growth in real terns due to the upturn in inflation.

Nine autonomous communities show annual growth, especially Madrid (4.8%), Cataluña (4.4%), Canarias (3.8%), Ceuta and Melilla (3.0%), The Balearics (2.8%) and Cantabria (1.1%). On the other hand, eight communities show annul decreases, for example Navarra (-2.8%), Murcia (-2.6%), Castilla and León (-1.5%) and Asturias (-1.3%).


Analysis by age of house

The average value per square metre of a private house up to five years old is 1,764.2 euros in the fourth term of 2016, an annual rise of 1.5%.

As for private houses more than five years old, the price was 1,503.6 euros per square metre, an annual rise of 1.5%.

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