Housing prices rise 7.9% until August, the most moderate increase of the year, according to Fotocasa

MADRID, 4 Sep. (EUROPA PRESS) -

The price of housing increased by 7.9% in the first eight months of the year and fell by 0.2% between July and August, placing the price at 2,145 euros per square meter, according to data from the Fotocasa Real Estate Index.

This last monthly value (-0.2%) is the first drop detected in the last two years (since January 2022) and the price increase in the first eight months is the most moderate in 2023, as highlighted by the real estate portal .

The Director of Studies and Spokesperson for Fotocasa, María Matos, has commented that historically the month of August tends to show moderation, due to the summer season in which demand slows down.

However, it could be the beginning of a slowdown trend that becomes more stable throughout the last four months and materializes in communities with less intense demand, the expert added.

The study shows that the prices of housing for sale registered an interannual increase of more than 10% in six autonomous communities: the Canary Islands with 23.5%, the Balearic Islands with 18.7%, Navarra with 13.4%, the Valencian Community with 11 .2%, La Rioja with 10.7% and Murcia with 10.5%.

They are followed by the regions of Andalusia with 7.5%, Cantabria with 7.1%, Aragon with 4.7%, Catalonia with 4.6%, Madrid with 4.4%, Galicia with 4.2%, the Basque Country with 3.9%, Extremadura with 3.5%, Castilla-La Mancha with 3.1%, Asturias with 2.8% and Castilla y León with 1.6%.

Regarding the ranking of autonomous communities with the most expensive second-hand home prices in Spain, the Balearic Islands and Madrid are in the lead, with prices of 3,778 euros per square meter and 3,508 euros, respectively.

In 94% of the 50 provinces analyzed, the year-on-year price of housing rose in the month of August. Specifically, in 14 provinces it exceeds 10%: Santa Cruz de Tenerife with 32.1%, the Balearic Islands with 18.7%, Alicante with 15.7%, Malaga with 15.5%, Soria with 15.2% , Teruel with 14.3%, Navarra with 13.4%, Las Palmas with 13.0%, Tarragona with 12.0%, Cuenca with 11.2%, Cádiz with 10.8%, La Rioja with 10.7 %, Murcia with 10.5% and Lerida with 10.3%.

In turn, 11 of the provincial capitals have an increase of more than 10%: Soria with 22.0%, Santa Cruz de Tenerife with 18.9%, Palma de Mallorca with 18.0%, Málaga with 15.7% , Pontevedra with 14.9%, Alicante with 14.0%, Ávila with 12.9%, Valencia with 11.6%, Santander with 11.2%, Huelva with 11.1% and Las Palmas de Gran Canaria with 10 ,2%.

On the other hand, the only capital with an interannual decrease is Zamora, with -2.5%.

The average price of second-hand housing rises in 83% of the 642 municipalities analyzed by Fotocasa. In addition, in 64 of these municipalities the interannual value of housing rises above 20% and in three, it rises above 50%, these being San Miguel de Salinas with 116.8%, Pozuelo de Calatrava with 99.9% and Rojales with 79.6%.

On the other hand, the three municipalities with the greatest decreases are Montgat with -18.4%, Güejar Sierra with -18.4% and Pulianas with -16.9%.