Catalonia (3,983 € / m2), the Community of Madrid (3,673 € / m2) and the Basque Country (2,755 € / m2) are the autonomous communities where there is the highest price per square meter built, while Extremadura (1,206 € / m2) , Murcia (€ 1,263 / m2) and Castilla-La Mancha (€ 1,440 / m2) have positioned themselves throughout 2020 as the communities with the lowest new housing prices, according to a report by the Appraisal Society.
This report, called ‘Trends in the Real Estate Sector’, includes the evolution of housing forecasts during the second half of 2020 and other indicators for the fourth quarter of the year that we have just left behind.
At this point, it is found that the average price of new housing in all the provincial capitals of Spain has increased by 0.9% over the last year, to reach 2,476 euros per square meter built in December 2020, which is a cost of 222,840 euros for an average type of housing of 90 square meters. The half-yearly variation, on the other hand, was 0.2% and the rate of price growth slowed down for the third consecutive year, maintaining the trend towards price moderation that began at the end of 2018. .
By contrast, the average price of new housing in the other studied cities that are not provincial capitals has stood at 1,678 euros per square meter, which represents an increase of 1% compared to December of 2019.
At the level of provincial capital, Palma de Mallorca is the one that has increased its price the most in the last year, with a rise of 1.4% to 2,126 euros per square meter. Behind her, she is followed by Barcelona and Madrid, where growth has been 1.3%, up to 4,491 euros per square meter and 3,673 euros per square meter, respectively.