The average price of free housing rose 3.2% year-on-year in the third quarter of 2018, reaching 1,589.5 euros per square meter, according to a statistic on the appraised value of housing published by the Ministry of Public Works.
According to the report, the price of free housing has experienced a quarterly variation of 0.1% . After 26 quarters of year-on-year falls , started in late 2008, this figure represents the fourteenth consecutive quarter of nominal price increases.
In real terms, that is, discounting inflation , the price of free housing has increased by 1% compared to last year.
By autonomous community, it is verified that eleven of them have had year-on-year growth, highlighting Madrid (8.3%), La Rioja (6%), Balearic Islands (5.2%), Catalonia (4.8%), the Canary Islands ( 4.7%) and Andalusia (3.7%).
On the contrary, seven of them have shown year-on-year falls , the most notable being Cantabria (with a 2.7% decrease), Galicia (with a 1.7% fall), the Basque Country (minus 1.2%) and Asturias (less 0.9%).
The price of free housing for up to five years has risen almost 2%
The average value of the square meter of free housing up to five years old stood at 1,829.9 euros in the third quarter of 2018, which represents a year-on-year growth of 1.7%.
As for free housing over five years old, the price reached 1,582.1 euros per square meter, which represents a 3.3% increase in the interannual rate.
For municipalities with more than 25,000 inhabitants, the highest prices for free housing are found in San Sebastián , where the square meter reached 3,356.1 euros; Sant Cugat del Vallès, 3,328.4 euros per square meter; Ibiza, 3,318.3 euros per square meter and Barcelona, 3,300.1 euros per square meter.
These towns are followed by Santa Eulalia del Río, where the average price was 3,188.5 euros per square meter; Pozuelo de Alarcón, 3,053.1 euros per square meter; and Getxo, 2,928.5 euros per square meter.
In tft cheat sheet to subsidized housing in Spain , the average price stood at 1,127.3 euros per square meter in the third quarter of the year, representing a year-on-year drop of 0.2%. Compared to the last quarter of 2017, the drop is 0.3%.
Regarding real estate appraisals, the number of those used to calculate home prices was 115,605 in the third quarter of 2018.
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