After eight years of falls and an adjustment of 29%, the price of housing in Spain rises again. The square meter of private housing stood at 1,490 euros in the fourth quarter of 2015, representing an increase of 1.8% over the same period last year, according to the report by the Ministry of Public Works the 106,653 appraisals performed in the last three months of the year. The price starts a new escalation and since scoring the minimum in the third quarter of 2014, has already recovered 2.4%. After these fluctuations, it appears that accumulated since the peak in the first quarter of 2008 is 29.1% adjustment.
Housing used low prices and new uploads. The average value per square meter of private housing up to five years old stood at 1,738 euros in the fourth quarter of 2015. This represents an annual growth of 1.1%. In houses with more than five years old, it reached 1,481 euros per square meter, representing a fall of 1.8% year on year.
By autonomous communities found that 14 of them present inter-annual growth, highlighting the Balearic Islands (5.4%), Madrid (3.4%), La Rioja (3.2%), Catalonia (3.0%), Canary Islands (3 , 0%), Castilla y León (2.6%) and Navarra (2.2%). By contrast, the other autonomous communities still show year falls, Cantabria (-4.0%), Ceuta and Melilla, (-1.8%), Basque Country (-1.3%) and Murcia (-0, 1%).
By municipality of more than 25,000, the highest prices of private housing are presented in San Sebastian, 3,133 euros per square meter, Getxo, 2,699 euros, Barcelona, 2,553 euros, Ibiza, 2,513 euros, Sant Cugat del Valles, 2,505, 7 euros, Madrid, 2,504 euros and Pozuelo de Alarcon, 2,489 euros.
The lowest prices are recorded in Elda, 550 euros, Jumilla, 563 euros, Villarrobledo, 574 euros, Hellin, 587 euros, Crevillent, 606 euros, Ontinyent, Tomelloso 607 euros and 609 euros.