The prices of used apartments increased by almost 4 percent in the first half of the year

He The price per square meter of used apartments in June was 2,057 euros6.77% more expensive than in the same month of 2022, according to data published this Tuesday in the half-yearly report on sales prices of pisos.com.

At the half-yearly rate, the average price of used apartments increased by 3.67 percent, and the monthly rate by 0.19 percent, because in May, a square meter cost 2,053 euros.

Despite the “cooling” of the mortgage market, house prices “unwaveringly” continue their upward trajectory, according to the director of Estudios de pisos.com, Ferran Font, who hopes that housing will stop “stepping on the gas” from the second half of the year.

Balearic Islands, the most expensive community in June

The autonomous community that gave the highest prices per square meter in June 2023 was the Balearics, with 4,076 euros per square meter, while the cheapest was Extremadura, with 814 euros per square meter.

Likewise, the Community of Valencia (7.65%), the Balearic Islands (7.44%) and Murcia (6.78%) recorded the most pronounced half-yearly increase.

Rent is 9.2 percent more expensive

Not only have the costs of buying a home increased, but so have the costs of renting. In the last 12 months, it has risen in price by 9.2 percent to 11.8 euros per square meter, according to the Idealista report. Once again, the Balearic Islands topped the list with a price increase of 27.3%. The Community of Valencia grew by 15.7% and the Canary Islands by 14.6%.

Looking at the autonomous communities, the rental price of apartments has increased in all of them in the last 12 months. After the strong increase recorded in the Balearic Islands, the Community of Valencia and the Canary Islands, Andalusia (12.4%) and Cantabria (12.4%) follow. In Catalonia they increased by 10.8%, while in Madrid they increased by 9.2%.

On the other hand, the smallest increase occurred in the Basque Country (4.1%), Aragón (4.2%) and Navarre (4.3%). With all thatThe Balearic Islands are the community with the most expensive rents (16.4 euros/m2), followed by Madrid (15.4 euros/m2), Catalonia (15.1 euros/m2) and the Basque Country (12.7 euros/m2). On the opposite side are Extremadura (6.1 euros/m2), Castilla-La Mancha (6.5 euros/m2) and La Rioja (7.5 euros/m2).

For their part, 25 capital cities set new all-time records, and only 2 of them reduced rents in the past year: Cáceres (-0.9%) and Lugo (-0.4%).

The largest increase was recorded in Alicante, with an increase of 22.3%, followed by Valencia (21.5%) and Palma (21.4%). With an increase of less than 20% were Málaga (19.1%), Barcelona (15.4%) and Soria (15.1%). In Madrid, prices rose by 10.2%; in Seville 7.7%, and in Bilbao 4.3%.

Barcelona is the most expensive capital city for renting a house, with 18.7 euros/m2, followed by Madrid (16.8 euros/m2); San Sebastián (15.9 euros/m2); Palma (14.4 euros/m2) and Bilbao (13.1 euros/m2).