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House Sales Reach their Highest Prices in 8 Years

Homes sold during the first quarter of 2020 registered the highest prices seen in the last eight years, with an average of 1,747 euros per square metre; four autonomous regions accounted for 70% of the total sales volume.

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During the first quarter of 2020, the average transaction amount for homes in Spain stood at 165,280 euros and the price per square metre amounted to 1,747 euros. Both values ​​represent the maximums of those recorded in the last 8 years, according to data from the College of Registrars of Spain collected by the Brains RE real estate big data platform.

Since the first quarter of 2014, the prices of homes sold in Spain have registered 24 consecutive quarters of almost uninterrupted growth. Specifically, six years of increases during which time the average transaction price has increased by 23.6%, from 1,414 euros per square metre in the first quarter of 2014, to 1,747 euros in the same period in 2020.

Read the full article in Spanish.

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