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- EDITIONS: Spanish News Today Murcia Today Andalucia Today
Date Published: 16/09/2021
ARCHIVED - Valencian property sales are up 24.8 per cent since July 2020
The price of homes also increased in the Valencia region, including Alicante, by double the Spanish average
Property sales in the Valencia Region rose by 24.8% in July compared to the same period in 2020, making it the autonomous region in Spain with the fifth highest increase in the number of real estate transactions.
The price of homes sold in the Valencian Community also saw an increase in this 12-month period, rising by 4.4% – double the national average.
At a national level, the sale of homes rose by 22.9% during the month of July, reaching 64,039 units, while the average price per square metre stood at 1,475 euros, showing an increase of 2.2% since last year.
According to the Notaries, the sale of housing grew in all the autonomous communities. The highest increase was registered in Cantabria (55.5% increase) and the lowest in Navarra (0.4% increase).
The regions with a higher increase than the national average were: Cantabria (55.5% increase), La Rioja (43.1% increase), Catalonia (40.2% increase), Andalusia (30.5% increase) and the Valencian Community (24.8% increase).
By type of property, the sale of apartments increased 23.3%, reaching 47,505 units, while single-family property sales increased 21.6%, reaching 16,533 units.
Meanwhile, apartment prices decreased by 4% compared to July 2020, at 1,624 euros per square metre, while the price of single-family homes averaged 1,260 euros per square metre, a 17.9% increase.
Price per square metre
Meanwhile, the price per square metre rose by 2.2% nationally, although showing a high interterritorial disparity; the figures show an increase in twelve autonomies while there was a decrease in the price of housing in the remaining five.
By order of magnitude, two-digit increases in property prices were registered in: Galicia (19.5%), Aragon and the Balearic Islands (11.9%), La Rioja (11%) and the Canary Islands (10.7%), followed by more moderate increases in: Andalusia (9%), Extremadura and Cantabria (7.3%), Murcia (6.8%), Castilla-La Mancha (5.5%), Valencian Community (4.4%) and Madrid (2.8%).
On the other hand, house prices dropped in Navarra (10.5%), the Basque Country (5.8%), Castilla y León (3.4%), Asturias (3.1%) and Catalonia (2.1%).
Image: Archive
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