What is the Average Price of a House in Spain?
Price of a House in Spain
In recent years, construction standards in Spain have been much better than in other parts of Europe. Newly built houses are of comparable quality to those found elsewhere. But older houses are not necessarily as good. It’s a good idea to hire a surveyor before you buy. Or you can get recommendations from friends and family. Before buying a property, make sure to do some research online or visit the area in person. In the end, you should use an estate agent and negotiate with them.
Although Spain’s property market is well developed, prices are rising slowly. Many people who are considering buying a Spanish property will want to know what their options are. Fortunately, prices in some areas of the country have increased. As a result, the average price of a home in Spain will be higher than you think. However, this shouldn’t discourage you from looking. If you’re looking to invest in a new home, you’ll want to consider buying a second-hand property.
The average price of a house in Spain has risen by 13.2% in the last year. The biggest increases were seen in Catalonia and Madrid, with Andalusia and Extremadura showing the real estate greatest growth. The rest of the country, including Cantabria and Extremadura, had slight declines. Overall, prices in Spain are up 3.4% over the last year, but are still far from their pre-crisis levels.
What is the Average Price of a House in Spain?
If you’re looking for a long-term investment in Spanish property, the average price per square meter has fallen by 36.3% in the past decade. Inflation-adjusted, existing home prices in Spain fell by a further 14.6% since Q3 2007. The national average has risen only 6.2% in the last three years, making it the most affordable place to live.
In Spain, resale properties cost between EUR6,000 and EUR3,600 per square meter. Resale property is the most expensive in Spain. Land costs are lower. In Castilla y Leon, Valencia and Andalucia are the cheapest. A new-build house is usually worth up to 10% VAT. You can even set up an alert for your specific needs.
The average price of a Spanish house is typically €223,380 (USD263,169). If you’re looking for an apartment or a small house, you might have to pay a little more. A 750-square-meter apartment will probably be the cheapest. If you’re looking for an apartment, the average cost of a two-bedroom property is €550.