A Coruña is the fifth capital of the Spanish province with the most expensive new flats

A Coruña is one of the most thriving cities in Spain in recent years, but this good news has a negative side for its inhabitants: housing has become considerably more expensive, both for rent and when buying. According to the latest report “The residential sector in Spain” Colliers International Real Estate, the city is among the first in Spain in cost of acquisition and rentbut what stands out the most is the average cost of new-build flats: It is the fifth provincial capital with the highest average cost of new homesonly behind San Sebastián, Barcelona, ​​Palma de Mallorca and Madrid.

This statistic does not refer to the price per square meter, but at the average price at which new apartments are sold in the city of herculina. Thus, according to the data from the Ministry of Public Works included in the report, in the first half of 2022 the “closing ticket” for new construction, that is, the price at which the sales of newly built flats have closed, is on average 324,000 euros, with an annual variation rate of 13.27%. A Coruña is fifth in the national ranking and the only Galician city that appears in the top 20, being above such dynamic cities as Valencia, Malaga or Bilbao. All the national rankings are led by San Sebastián.

Average sale price of new construction

1. San Sebastian: 521,000 (+10.00%)
2. Barcelona: 519.000 (+28,18%)
3. Palma: 445.000 (-11,03%)
4. Madrid: 414.000 (-2,45%)
5. A Coruña: 324,000 (+13.27%)
6. Girona: 311.000 (+9,62%)
7. Valencia: 293.000 (+19,84%)
8. Bilbao: 281.000 (-7,51%)
9. Málaga: 274.000 (-4,29%)
10. Logroño: 269,000 (+7.36%)
11. Ceuta: 268,000 (-0.40%)
12. Pamplona: 268.000 (+9,61%)
13. Zaragoza: 268.000 (-2,19%)
14. Almeria: 248,000 (+12.67%)
15. Alicante: 246.000 (-4,82%)
16. Tarragona: 244,000 (+2.84%)
17. Guadalajara: 244.000 (+19,95%)
18. Vitoria: 244.000 (-14,37%)
19. Valladolid: 241.000 (-7,31%)
20. Granada: 231.000 (+15,69%)

In the top 20 prices per square meter

The position of A Coruña stands out in this particular ranking of new construction, while in the rest of the lists it is in a more stable position, between tenth and thirteenth place, and more in line with the demographic and economic situation of the city. Thus, in the case of the average “ticket closing” of second-hand homes, A Coruña is ranked 13th in all of Spain, with an average of 171,000 euros per home and a decrease of 2.65% in the last year.

Regarding the price per square meter, the city of A Coruña was number 12 in the first half of the year (tied with Ceuta) in the whole country in the case of second-hand homes, with 1,840 euros per square meter and an increase of 1.84%, and in the case of new construction homes it is the eleventh, with 2,300 euros per square meter and a year-on-year decrease of 2.32%. Compared to the total price, The combination of these two data seems to indicate that in the first half of the year new constructions of a high average size were sold in A Coruña.

Average second-hand sale price

1. San Sebastian: 395,000 (+9.39%)
2. Madrid: 323.000 (+10,82%)
3. Barcelona: 320.000 (+5,90%)
4. Palma: 318.000 (+17,27%)
5. Bilbao: 237.000 (+2,29%)
6. Pamplona: 212.000 (+7,43%)
7. Málaga: 203.000 (+18,08%)
8. Girona: 199.000 (-0,96%)
9. Vitoria: 199.000 (+1,92%)
10. Cadiz: 184,000 (+5.23%)
11. Las Palmas: 178,000 (+3.91%)
12. Santander: 176.000 (+5,30%)
13. A Coruña: 171,000 (-2.65%)
14. Tenerife: 165.000 (+15,80%)
15. Sevilla: 165.000 (+4,39%)
16. Toledo: 160.000 (+23,94%)
17. Valencia: 158.000 (+5,03%)
18. Melilla: 153,000 (-0.58%)
19. Pontevedra: 153,000 (+13.04%)
20. Granada: 150.000 (+6,51%)

Price per square meter sale of new construction

1. San Sebastian: 4,630 (-2.56%)
2. Madrid: 4.410 (+11,20%)
3. Barcelona: 4.130 (+2,53%)
4. Palma: 2.990 (+2,17%)
5. Bilbao: 2.760 (-2,64%)
6. Pamplona: 2.440 (+3,89%)
7. Vitoria: 2.420 (+11,11%)
8. Málaga: 2.400 (+3,36%)
9. Girona: 2.350 (+4,07%)
10. Cadiz: 2,330 (+1.72%)
11. A Coruña: 2,300 (-2.32%)
12. Sevilla: 2.230 (+4,17%)
13. Ceuta: 2,230 (+4.28%)
14. Valencia: 2.180 (+2,63%)
15. Alicante: 2.140 (-3,69%)
16. Las Palmas: 2,130 (+16.68%)
17. Granada: 2.100 (+2,63%)
18. Santander: 2.060 (+0,91%)
19. Zaragoza: 1.990 (+14,76%)
20. Melilla: 1,990 (+7.12%)

Price per square meter second-hand sale

1. San Sebastian: 3,990 (-0.98%)
2. Madrid: 3.630 (+10,81%)
3. Barcelona: 3.540 (+5,78%)
4. Bilbao: 2.720 (+5,40%)
5. Palma: 2.380 (+4,13%)
6. Vitoria: 2.220 (+0,96%)
7. Cadiz: 2,190 (+8.26%)
8. Pamplona: 2.110 (+16,51%)
9. Málaga: 2.000 (+9,25%)
10. Girona: 1.880 (+7,06%)
11. Sevilla: 1.860 (-1,24%)
12. Ceuta: 1,840 (+3.09%)
13. A Coruña: 1,840 (+1.84%)
14. Santander: 1.790 (+2,51%)
15. Melilla: 1,750 (+4.80%)
16. Las Palmas: 1,740 (+6.27%)
17. Granada: 1.730 (+5,86%)
18. Valencia: 1.690 (+6,59%)
19. Salamanca: 1.660 (+12,21%)
20. Zaragoza: 1.590 (+9,10%)

In the top 20 of the effort rate to buy or rent

Finally, A Coruña is also among the first positions of the Spanish provincial capitals in terms of “effort to buy”, that is, the percentage of salary that people have to dedicate -as an average of the population- to acquire a thing . The province of Guipúzcoa is by far the one that demands the most from its inhabitants to become possessors, with 43.6%, and that of A Coruña -which is the only Galician on the list- is number 11, with 24%. of effort required.

In the case of the effort to rent, the Herculean capital is also the only Galician city in the Top 20, with a position number 15 and a percentage of 24.5%. The most demanding is Barcelona, ​​with 37.7%, followed by 32.6% of Madrid capital.

Purchase Effort Rate

1. Guipúzcoa: 43,6%
2. Barcelona: 37,4%
3. Madrid: 33,9%
4. Balearics: 32.3%
5. Vizcaya: 30,9%
6. Cadiz: 28.8%
7. Málaga: 27,9%
8. Navarra: 27,4%
9. Alava: 26.1%
10. Sevilla: 24,1%
11. A Coruña: 24.0%
12. Las Palmas: 23.7%
13. Granada: 23,2%
14. Alava: 22.2%
15. Cantabria: 21.8%
16. Girona: 21,4%
17. Salamanca: 21,3%
18. Sta Cruz de Tenerife: 20.2%
19. Tarragona: 18.9%
20. Alicante: 18,8%

Effort Rate to Rent

1. Barcelona: 37,7%
2. Madrid: 32,6%
3. Málaga: 31,0%
4. Guipúzcoa: 30,8%
5. Vizcaya: 30,3%
6. Las Palmas: 28.6%
7. Sevilla: 28,6%
8. Cadiz: 27.6%
9. Balearics: 27.6%
10. Valencia: 26,2%
11. Alava: 25.9%
12. Sta Cruz de Tenerife: 25.4%
13. Alicante: 25,3%
14. Alava: 24.8%
15. A Coruña: 24.5%
16. Ceuta: 24.5%
17. Navarra: 24,4%
18. Girona: 24,0%
19. Cantabria: 23.7%
20. Huelva: 23.2%