According to the latest report published in the major real estate portals, used housing rises by 2% in the month of February 2023. We are talking about €1,960 per square meter and this translates into a clear increase over last year.
After carrying out a study of the provinces with the highest sales prices, we recognize Murcia and Lleida as the two provinces most affected by this increase. Meanwhile, Teruel and Ourense show a drop in prices.
In Spain, the latest average price per square meter was 1,960 euros, resulting in an overall increase of 8%.
If we go into the autonomous communities, we see that there has also been a strong increase with respect to the previous year. The community of Madrid shows an increase of 1.6% compared to Murcia with 4.4%.
The average price per square meter places the Balearic Islands as the most expensive autonomy, with 3,703 €/m together with the Community of Madrid with approximately 3,176 €/m. For those of you who are interested in buying a property, you will find the cheapest prices in the provinces of Castilla-La Mancha, Castilla y León and Extremadura.
In order to analyze housing prices correctly, it is essential to take into account not only the value of the price per square meter, but also to carry out an exhaustive study on the changing supply and demand variable.
In Utande Real Estate Consultants we study each property and offer a complete advice to make the best transaction.