HE price houses continues to rise, after last year’s uptrend. According to INE statistics, the average cost of buying a property increased 7.4% In 2022, it represents the highest annual increase since 2007. According to the price indices published by Idealista and Fotocasa in the first quarter of this year, housing cost increased between 2.5% and 2.9% compared to the previous period.
Fotocasa gives the rate increase between the years as 7.3% and the second real estate portal as 10%. Fotocasa’s director of research and spokesperson, María Matos, said that the tightening of the US monetary policy European Central BankTogether increase in interest rates This price, which determined its cost as 3.5%, caused the purchase demand to resurface and put pressure on prices due to the lack of supply.
Idealista spokesperson Francisco Iñareta points out that neither the increase in interest rates nor the increase in financing costs has slowed the interest in demand. Although prices are expected to remain stable in the coming months, prices are expected to decrease in the last period of the year.
Regions with the highest housing prices in Spain
Balearic Islands The region of Murcia and Andalusia experienced the most significant increase with 9.9% throughout the country. Regions with more positive increases are Asturias, Castilla-La Mancha and Galicia.
Cities where apartment prices have fallen
In cities, even the cost of entering to live in some capitals has dropped. Huesca was the place where it grew the most, while Toledo, Tarragona, Cuenca, Melilla, Valladolid, Ciudad Real, León and Pamplona saw housing prices decline.
The most expensive capitals to buy a house in Spain
San Sebastián is the most expensive city, followed by Barcelona and Madrid.