The average price of housing Free has grown by 3.2% in the whole of Spain in the last year. Translated into money, that means an average of 1,589 euros per square meter. But the general picture of the statistics released Thursday by the Ministry of Development, and based on more than 115,605 real assessments made by appraisers between July and September of this year, does not reflect well the tensions that the market is experiencing in some specific places.
The Development register allows you to observe the evolution of prices in all Spanish towns with more than 25,000 inhabitants. Among them, when comparing the average price per square meter of the third quarter of this year with that of last year, 22 show a growth figure of over 15%. Alcorcón occupies the first place: in this town outside of Madrid the average meter has shot up 22.4% in the last 12 months. You can also consider the captain of one of the two large groups among which, roughly, you can divide that set of 22 cities where the floors have become more expensive.
The first group, and more numerous, would be cities that are part of the metropolitan areas of Madrid and Barcelona. In this section, Alcorcón is accompanied by Fuenlabrada, Móstoles, Parla, Torrejón de Ardoz or Valdemoro (all around the capital) and also Castelldefels, Cornellà de Llobregat, Esplugues de Llobregat, Hospitalet de Llobregat, Sant Adrià de Besós, Sant Joan Despí, Santa Coloma de Gramenet and Barberá de Vallés (all near Barcelona). In all of them, the price increase has moved between 15.05% of Santa Coloma and 22.4% of Alcorcón.
The second large group consists of seven cities that sometimes are thousands of kilometers apart. But all have in common that they are part of coastal areas. In some the price per square meter has grown above 20% year-on-year, as is the case of Torremolinos (Malaga) or Arona (Tenerife). Above the 15% threshold are also Mazarrón and its neighboring town of Totana (Murcia), Oliva (Valencia), Algeciras (Cádiz) or Granadilla de Abona (Tenerife). Finally, without any apparent connection with the rest, there is Ávila, where, according to the statistics of valued housing, the square meter has grown by 16.91%.
Malaga is the highest and San Sebastian the most expensive
To that group of 22 cities there would be sums to Malaga. It is, among the cities with more than 500,000 inhabitants, the one that has experienced greater increases in the last year (15.5%). They are followed by Barcelona (10.29%), Madrid (9.66%), Seville (8.81%), Valencia (8.63%) and Zaragoza (4.01%).
In addition to the variation in prices, statistics allow us to see which cities have the most expensive real estate in absolute terms. Broadly speaking, they are very tourist municipalities or that usually lead the list of locations with the highest rents. Thus, San Sebastian is the most expensive in Spain. The square meter was appraised there as an average in the third quarter of the year at 3,356 euros. It is followed by Sant Cugat del Vallés (Barcelona), Ibiza, Barcelona, Santa Eulària des Riu (Ibiza), Pozuelo de Alarcón (Madrid), Madrid and Getxo (Bizkaia).
Among the big cities, a long way from Madrid and Barcelona, the most expensive is Seville (1,607 euros per square meter). They are followed by Málaga (1,548 euros), Zaragoza (1,283 euros) and Valencia (1,212 euros).