Housing prices in Spain are starting to recover from the impact of the Covid-19 pandemic. In this first quarter of 2021, average housing prices maintained the recovery that began in the last months of 2020, registering a slight year-on-year increase of 0.5% in the year to March.
According to Tinsa’s IMIE Local Markets statistics, the average value of finished housing (new and used) stood at 1,390 €/m2 in Spain in the first quarter of the year, 0.5% more than in the first quarter of 2020, when there were already signs of cooling of the expansionary cycle in the residential market.
The price has increased by 16% since the low recorded in the first quarter of 2015 and remains 32% below the highs of 2007.
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