In the second quarter of 2015, prices for residential real estate in Spain fell by 2.4% compared to the first quarter of this year. This is reported by the portal Overseas Property Professional with reference to the data of the report "Trends of the Spanish real estate market", issued by the Spanish Society of Appraisers (ST Sociedad de Tasacin).
These studies also show that for the year, by June 2015 the average cost of primary and secondary real estate in Spain decreased by 3.1% and amounted to ˆ 1,284 per square meter. And according to the appraisal company Tinsa, on average, Spanish property prices in the first half of the year decreased by 1.1% compared to the same period last year. In this case, notes ST, the cost of primary housing in June 2015 increased by 1.4% and amounted to ˆ 2030 per square meter.
"The situation shows a noticeable improvement, which, however, is not uniform across the country. So, the rise in prices stopped in most of the settlements, but not in all of them - somewhere the value of real estate continues to rise, "the report says.
The maximum annual increase in prices was recorded in Madrid and amounted to 4%. It is followed by Barcelona with a score of 3.9%. In the first six months of the year, house prices in the Balearic and Canary Islands grew by 4.4%, and on the Mediterranean coast - by 1.8%.
The average cost of new housing in Spanish cities was ˆ 1537/1 sq. Km. m, which is 0.8% lower than at the end of 2014. Real estate in settlements with a population of more than 100,000 in the first half of the year cost an average of ˆ 1652/1 sq. M. m, which is 0.5% lower than at the end of 2014. And housing in cities with a population of more than 25 000 people, the decline was very insignificant and amounted to 0.1% compared to last year, and the price was ˆ 1460/1 sq. M. m.
HomesOverseas.ru
