This figure upward marks the fifth consecutive quarter of nominal price increases after 26 quarters of year declines in housing prices started in late 2008.
According to the historical series, the average value per square meter in the second quarter of 2016 is 28.3% lower than the peak in the first quarter of 2008. On the other hand, from the minimum value reached in the third quarter of 2014 the price has rebounded 3.5%.
By age of the housing, the newest average price per square meter of private housing up to five years old, it stood at 1746.8 euros in the second quarter of 2016. This represents a growth of 0.8 %. As for the property over five years old, second-hand, the price reached 1,500.2 euros per meter, up 2.2%.
For communities, Development notes that 10 of them present inter-annual growth, highlighting the Balearic Islands (5.9%), Madrid (4.8%), Catalonia (4.6%), Canary Islands (2.9%), Extremadura (2, 4%), Ceuta and Melilla (2.3%) and Galicia (1.4%). By contrast, other regions still show declines, highlighting Navarra (-2.2%), Aragon (-1.9%), Basque Country (-1.7%) and Cantabria (-1.3%).
If you are looking for newly built properties in Orihuela Costa, in places like Campoamor, Cabo Roig, Mil Palmeras or Pilar de la Horadada, check out our catalog of properties. Barceló Real Estate is part of the Barceló Group, a firm with over 20 years experience in the real estate sector.
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