Staff Reporter
BARCELONA is Spain’s most expensive city for existing home prices, reaching almost €3,900 per square metre during the first half of the year.
The latest report by estate agents Tecnocasa and Pompeu Fabra University has revealed this represents a 16.3% increase compared to the first six months of 2024.
It puts Barcelona ahead of Madrid, where the price stood at €3,576 per square metre.
Across Spain, housing prices have also risen by 16.3%, reaching €3,025 per square metre, the biggest increase since 2006.
It’s a good time if people want to sell their property, with demand growing by 32% and supply dropping by 15.6%.
More than 160,000 houses were sold across the country in the first six months of the year. This is the highest total since 2004. Existing homes accounted for 91.2% of sales, compared to only 8.8% for new builds.
Barcelona was also top of the list for mortgages, with an average mortgage of €184,955 in the first six months of the year.
The average buyer in Spain is a first-time buyer – 72.6% with two-thirds requiring a mortgage. They are most commonly aged 35 to 44 years old and are single.
READ MORE: Flash new €80m Costa Blanca tourist apartment complex shows foreign demand holding strong
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