This figure meant a fall of -0.86% compared to December 2016. Interannually, the decline reached -1.21%. The decline compared to February 2017 was -0.49%, as the average price last month was 1,540 euros per square meter.
Despite the falls registered at the national level, it has been shown that housing market recovery continues to lay the foundations of its consolidation process, so it is normal that there are ups and downs contained in the evolution of the price. As we go down, we see that the percentage of rise in the more consolidated areas are more reasonable, while cities where the crisis was felt more strongly, abandon the great declines.
Housing is demonstrating its ability to be profitable in the long term, revalued after a very difficult period. More and more buyers are looking for fixed rate security when they go to the bank to apply for financing. This is a very smart decision, given that the monetary policy stimulus of the European Central Bank may change over the course of this year.
In the first quarter of the year, the only increases were those of the Balearic Islands (1.90%) and the Community of Valencia (0.18%). As for the falls, the most intense were in Aragon (-3.84%), Castilla-La Mancha (-2.77%) and Navarre (-2.09%). Interannually, the rebounds came from the Balearic Islands (6.89%), the Canary Islands (3.89%) and the Community of Valencia (2.54%). The largest fall rates were in the Basque Country (-9.11%), Cantabria (-7.40%) and Castile-Leon (-7.30%). The most expensive region in March 2017 was Basque Country (€ 2,592 / m²) and the cheapest, Castilla-La Mancha (€ 897 / m²).
Thanks to our close collaboration with a multitude of real estate agents and local real estate developers, the EUROPAHUS catalog includes all types of properties, both new and second hand, throughout the provinces of Murcia and Alicante.
We know that finding the home you have in mind takes time. Sometimes a single trip is not enough. At EUROPAHUS we try to make everything as simple as possible for you.