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House prices in Spain rise by 0.84% during the Q3 of 2019
Moderate increase in house prices recorded during the third quarter of the year
The last quarter of 2019 has seen a moderate increase in property prices in Spain.
Prices remained at an average of €1,638.3 per m2, representing a quarterly increase in the IPVVR (from its Spanish “Prices Index of Repeatedly Sold Properties) of 0.84% and an interannual rate of 7.70%.
Nine Autonomous Communities recorded an increase in property prices during the summer. The Balearic Islands saw the largest increase, with owners asking for a 1.6% more for their homes than three months ago. Murcia was second with a 1.5% increase, Aragon third with 1.3% and the Valencian Community at 0.6%. The Balearic Islands remains the most expensive Spanish community at 3,064 euros/m2, followed by Madrid (2,794 euros/m2), Euskadi (2,555 euros/m2) and Catalunya (2,251 euros/m2). At the opposite end of the spectrum, the most affordable communities are Castilla La Mancha (875 euros/m2), Extremadura (904 euros/m2) and Murcia (1,042 euros/m2).
Prices in Costa Blanca for the 3rd quarter of the year
House prices in Costa Blanca remain stable at an average of €1524.43/m2 – not far from the 1558.6, €/ m2 of the previous quarter.
The most remarkable price increase was recorded in Santa Pola (Q1 2019 -1348.1 €/ m2, Q2 2019 – 1296.8 €/ m2 and Q3 – 1376.2 €/m2) while Jávea suffered the biggest drop in prices (Q1 2019 – € 1800.2/m2, Q2 2019 – €1922.7/m2 and Q3 2019 – € 1771.6/m2).
The other cities have hardly undergone any changes.