The price of the second-hand housing in the Canary Islands has decreased by 2.3 percent in April compared to the previous month, placing the average cost at 1.771 euros per square meter in the fourth month of the year, according to data from the Fotocasa Real Estate Index.

Regarding the interannual data, there is also a decrease of 0.1 percent in the archipelago in relation to the same month of 2020.

By provinces, the price of second-hand housing has fallen in both, although it is in Las Palmas where there is a greater fall, of 4 percent, as opposed to the decrease of 0.8 percent that occurred. registers in the one of Santa Cruz de Tenerife.

However, it is in Santa Cruz de Tenerife where the average house price is higher, 1,775 euros per square meter, while in Las Palmas it stands at 1,769 euros.

Regarding the provincial capitals, the biggest price drop in April occurred in Las Palmas de Gran Canaria, where it fell 3.4 percent compared to the previous month but the average price was 2,190 euros / m2, while in Santa Cruz de Tenerife it fell by 2.7 percent (1,604 euros / m2).

IN SPAIN, 15 CCAA HAVE NEGATIVE DATA

On the other hand, with regard to the national group, there are 15 autonomous communities that present negative monthly data in April 2021. Specifically, where prices fall the most is in the Region of Murcia (-2.5%), Canary Islands (-2.3%), Castilla-La Mancha (-2.2%), Aragon (-1.5%), Extremadura (-1.4%), La Rioja (-1.3%) and Comunitat Valencian (-1.1%).

Likewise, prices fell less markedly in Cantabria (-0.9%), Balearic Islands (-0.8%), Andalusia (-0.8%), Castilla y León (-0.6%), Galicia ( -0.5%), Basque Country (-0.5%), Asturias (-0.2%) and Madrid (-0.05%).

On the opposite side, where they grow the most, are Catalonia, as well as Castilla and León, both communities experiencing the same increase, 0.3 percent.

Regarding the communities with the most expensive second-hand housing prices in Spain are Madrid and the Basque Country, with prices of 3,103 euros / m2 and 2,863 euros / m2, respectively. They are followed by the Balearic Islands (2,856 euros / m2), Catalonia (2,528 euros / m2) and the Canary Islands (1,771 euros / m2); While the cheapest second-hand properties are in Extremadura (1,164 euros / m2), Región de Murcia (1,133 euros / m2) and Castilla-La Mancha (1,110 euros / m2).

Disclaimer: If you need to update/edit/remove this news or article then please contact our support team Learn more