The most expensive street in all of Spain to live in is still Serrano, in Madrid, that this year has seen home prices rise by almost 4% year-on-year, to 10,900 euros per m2, at the end of October. Instead, the other side of the coin stars it the Castellón Stadium area, where house prices have fallen by 71% in 3 years, reaching 300 euros per m2, according to a report from the appraiser Tecnitasa
The second position of the most expensive streets in Spain is occupied by the Paseo de Gracia in Barcelona where, however, this year prices have fallen, albeit very slightly. In 2014 the square meter in Paseo de Gracia costs 8.450 euros. It is followed by Hernani street in San Sebastián, where the price per m2 is at 6,400 euros
On the other side of the scale, is the Stadium area, in Castellón, where the price of the m2 is at 300 euros, after having dropped 71% in 3 years. They are followed by El Pilar, La Estación, in Talavera de la Reina (Toledo), where the price per m2 is 320 euros. The Perpetual Help Zone, in Huesca, costs 400 euros per m2 to live
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According to the annual report prepared by TecniTasa, the crisis continues to affect the value of homes, especially the cheapest. “Despite a certain tendency towards stabilization, the real estate market, still very heterogeneous, suffers few and slight rises and important decreases. In the latter case, Galicia stands out, where cities such as Pontevedra or Vigo register falls in the maximum prices of their homes of between 20% and 30% ”, they point out
The capital of the Basque Country, Vitoria, has also suffered a drop in the maximum prices of its homes. At the Center, the amount is € 3,000 / m2; € 700 less than in 2013
As for minimum prices, these fall in Toledo, where the square meter has gone from cost € 800 in 2013 to € 650 in 2014. A decrease that also occurs, and in a much more drastic way, in the Toledo city of Talavera de la Reina. Prices in the area of El Pilar and La Estación have fallen more than 30% compared to the previous year and 60% if we compare them with the data of 2011
Slight price increases
Not all the data released by the TecniTasa Report have been negative. There have also been increases in specific areas. Of course, all very moderate. In 2014, the maximum prices rose more than 2% compared to last year in the area of Avenida de España and Virgen de Guadalupe de Cáceres. Those in the most expensive area of Santiago de Compostela also go up
One of the communities that has seen its maximum prices grow the most has been Madrid. In Mostoles, Fuenlabrada Y Madrid Capital € / m2 rises an average of 4%
Minimum prices go up only in 3 cities. The most significant rise was recorded in Vigo, where the prices of its cheapest homes rose by more than 4% compared to the previous year (a fact that contrasts with the 20% drop in the maximum prices in the city)
Stable cities
Something that also stands out from the TecniTasa Report has been the stability of some cities. Seven are those that have kept their prices, both maximum and minimum, unchanged with respect to last year: Badajoz, Barakaldo, Bilbao, Las Palmas de Gran Canaria, Logroño, La Laguna and Santa Cruz de Tenerife.
There are cities that only keep the maximum prices: Alicante, Cartagena, Ciudad Real, Elche, Girona, Palma de Mallorca or Valencia. And, there is also the opposite case, cities that maintain only the minimum prices in the most humble areas. For example, the famous Gamonal neighborhood in Burgos, where the figure of € 1,000 / m2 is maintained, the same as last year.
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