The price of second-hand housing remains stable in January
- The price rises in seven autonomous communities
- The price of second-hand housing is € 1,649 / m2 in January
- 25 provinces increase the price in the month of January
- It raises the price in all districts of Barcelona and in 13 of Madrid
The average price of second-hand housing in Spain stands at € 1,649 / m2 and remains stable (0.0%) compared to December, according to data from the real estate portal fotocasa . This data shows once again that the price of second-hand housing is stabilizing and that we are leaving behind the large price falls we have seen in recent years.
Regarding the year-on-year variation, the price to January 2017, the price of second-hand housing increased by 1.6% and chain four consecutive months with year-on-year increases above 1%.
“Second-hand housing is being one of the main drivers of the reactivation that the real estate market is experiencing and this is shifted to prices. Our index reflects month by month a trend towards normalization in almost all the country that, in the case of the great squares like Madrid, Barcelona and tourist areas of the Mediterranean coast, one can speak of recovery “assures Beatriz Toribio, responsible for Studies Of fotocasa .
The average price of second-hand housing in Spain has fallen by -44.1% since it reached its peak in April 2007 with € 2,952 / m2. In this sense, 12 autonomous communities have fallen more than -40% since reaching the maximum price nine years ago. La Rioja (-58.1%), followed by Aragón (-53.1%), Navarra (-52.8%) and Castilla-La Mancha (-52.6% ).