MADRID, 9 Ago. (EUROPA PRESS) –
The price of homes purchased in the second quarter of the year in the Spanish coastal provinces fell by 2.47% compared to those purchased between January and March, according to data collected by iAhorro.
The director of iAhorro Mortgages, Simone Colombelli, has explained that the rise in interest rates and the Euribor has made mortgage loans more expensive and, those who were more fair in the operation a few months ago, must opt for a home that has a price lower so that the increase in interest on the loan does not affect your risk of indebtedness.
He also pointed out that “with the rise in interest rates, demand has dropped considerably and owners have to adapt by lowering their prices a bit in order to sell.”
By areas, the most expensive housing in the coastal area is found in the Basque Country, the Balearic Islands and Catalonia, specifically, in the province of Vizcaya, where the average price stood at 330,000 euros between April and June, the highest price of all the provinces. with the coast, with an increase of 11.86% compared to the first quarter.
For its part, in the Balearic Islands the average price of homes stood at 304,000 euros, 10.14% more than that registered during the first quarter of the year, and in Barcelona the average price was the same as that registered in the islands , despite the fact that in the second quarter of the year the average price fell by 6.46% in Barcelona compared to the first three months of the year, to 304,000 euros.
This high price of homes in Barcelona makes the Catalan coast one of the most expensive in Spain. However, in Girona and Tarragona there are more affordable homes, with a price of 231,000 euros and 219,000 euros, respectively.
Among the cheapest coastal provinces, the lowest average price that iAhorro users have paid is in Castellón, with an average of 157,000 euros. Murcia follows, with 160,000 euros, 6.43% less compared to the first quarter of the year.
“If we talk about holiday demand, Murcia has a lot of competition on both sides, with the Valencian Community above and Andalusia below. This, together with the bad publicity that the region has received due to the state of the Mar Menor, has meant that, on all foreign buyers opt for other options”, highlighted Colombelli.
