It is seven times more expensive to purchase a house in the province than in Empty Spain.
"While real estate prices are rapidly rising in major cities in Spain, in many regions of the country, the cost of housing remains practically unchanged, leading to increasing inequality. According to the analysis by mortgage specialist Help My Cash's Miguel Riera, buying an apartment in urban areas can be seven times more expensive than in developed areas of Spain."
To conduct the study, costs for an average80-meter house were analyzed along with the taxes levied in each autonomous region.
As a result, it was found that the most expensive province in Spain is Gipuzkoa, where new housing of this type costs an average of 309,312 euros, followed by the Balearic Islands with an average price of 293,825 euros.
If we are talking about secondary housing, the list remains roughly the same in terms of the cities' prices, but with some variations.
Gipuzkoa also leads this ranking with an average price of €278,554 for an 80-square-meter apartment, followed by Madrid (€277,890), the Balearic Islands (€262,570), Barcelona (€241,648), and Biscay (€224,058).
Comparing these prices, it becomes clear that buying a home in Gipuzkoa can be seven times more expensive than in the province of Cuenca, where the average cost of a new house of that size is €39,516. Following Cuenca are the provinces of Ciudad Real (€63,867), Jaén (€70,723), Ávila (€71,092), and Toledo (€71,271). However, when it comes to secondary housing, Ciudad Real has the lowest cost with an average price of €52,494, followed by Teruel (€55,037), Cuenca (€61,476), Jaén (€61,889), and Badajoz (€65,146).
The reasons for price differences can vary.
One of them is the relationship between supply and demand, as well as the economic situation in each region: where income is higher, logically, housing prices are also higher.
26 October
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