In Madrid in 2024, the average cost of real estate reached 4,030 euros per square meter, which is 7.1% more than last year.In Barcelona, the average cost was 3937 euros per square meter, which is 5.7% more than last year.The most affordable provinces for housing purchase are Badajoz, Jaen and Ciudad Real. Their average prices are below 800 euros per sq. m.
The rental market is also expected to continue to grow, with rents projected to increase by more than 10%.
By the end of 2024, Barcelona had the highest average rental prices in Spain - 19.5 euros per square meter. This was followed by Madrid (18.2 euros per square meter) and the Balearic Islands (17.3 euros per square meter). In other provinces, such as Gipuzkoa, Malaga and Las Palmas, prices also exceeded 14 euros per square meter., Lugo, Teruel, Badajoz, Ciudad Real and Jaena, where the fee ranged from 5.5 to 6.8 euros per square meter. m per month.
Analysts predict an increase in the number of permits for the construction of new homes by 5-10%.In 2024, a total of 127,721 permits were issued, up 18.3% from a year earlier, the highest figure since 2008, according to the Ministry of Housing and Urban Policy (MIVAU). The issuance of more building permits will reinforce the positive trend... in the construction sector.
Source: Idealista
