The price of second-hand housing in Spain grows 12.8% in November

In monthly rate, compared to October 2024, the price of second-hand properties has fallen by 0.26%, to 2,430 euros per unit of area.

«We are about to end another year in which housing has once again demonstrated its enormous capacity to revaluation», explained the director of flats.com studies, Ferran Font.

«The progressive return to more attractive financing that we have been experiencing since summer, motivated by cuts in official interest rates, makes it even more unlikely to see a cooling in prices», he added.

Font has assured that to this regulatory element that has been lost, due to the change in position of the European Central Bank (ECB), we must add the lack of supply, where the multiplication of demand caused by the more favorable conditions of mortgages The limitation of the real estate stock must be included.

With all this, The result will be “high prices for a while”according to the director of studies of the real estate portal.

Therefore, for Font “it is essential to generate more residential product, solving the legislative complications that surround the promotion and betting on technologies that save time without losing quality or efficiency,” he concluded.

Prices by region

The monthly report reveals that the most expensive regions In November they were: Balearics (4,863 euros), Madrid (4,479 euros) and the Basque Country (3,118 euros).

On the other hand, Extremadura (929 euros), Castilla-La Mancha (975 euros) and Castilla y León (1,325 euros) were the most cheap.

In interannual terms, the main increases occurred in Madrid (20.98%), Region of Murcia (18.44%) and the Balearic Islands (16.92%), without registering any adjustment in this comparison.

By province, the oldest increments They were located in Madrid (20.98%), Málaga (20.73%) and Valladolid (20.56%).

Among the provinces by price, the Balearic Islands (4,863) was in first position and was followed by Madrid (4,479 euros) and Guipúzcoa (3,639 euros).

On the opposite side, Ciudad Real (729 euros) closed the classification, while other economic provinces were Jaén (801 euros) and Cuenca (819 euros). No price decrease was noted in this period.

As for the provincial capitals, the most intense increases occurred in Madrid (25.73%), Valladolid (24.62%) and Málaga (24.27%). On the contrary, the only capital that fell was Tarragona (-0.04%).

Within the classification of provincial capitals by price, the most expensive was Donostia-San Sebastián with 6,881 eurosand behind were Madrid (6,303 euros) and Barcelona (5,314 euros).

Ciudad Real was the most affordable capitalwith 1,277 euros per square meter, and Jaén (1,292 euros) and Zamora (1,325 euros) were also registered.