House prices rose more than the Spanish average, while the number of property sales also increased.
Property sales in the region of Andalucía, Spain rose by 30.5% year-on-year in July, above the national average. The average price per square metre of property in Andalucía also saw a year-on-year increase of 9%, according to Spain’s General Council of Notaries. 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 Valencia 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 inter territorial 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%).
Source: Andalucia Today, September 2021