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SOCIEDAD DE TASACION

 

The price of new housing accelerates its growth and exceeds 3,000 €/sqm by the end of 2024.

 

 
The price of new housing accelerates its growth and exceeds 3,000 €/sqm by the end of 2024.
 

 

  • The average price of new housing records a year-on-year increase of 5.5% at the end of 2024.
  • Sociedad de Tasación estimates that the price of new housing will continue to rise during the year forecasting a 5,7% year-on-year increase during 2025 first quarter.
  • General price acceleration in the 17 autonomous communities with a positive year-on-year variation ranging from 2.7% in Castilla-La Mancha to 6.9% in the Balearic Islands.
  • Balearic Islands 6.9%), Community of Madrid (6.6%), Catalonia (5.6%), Andalusia (5.2%), Community of Valencia (5.2%) and Basque Country (5.0%) recorded year-on-year increases of more than 5%.
  • Confidence index rises 17.6% year-on-year to 54.9 out of 100, surpassing the break-even point for the third consecutive quarter, reflecting increased optimism.
  • The Affordability Index improves to 82, boosted by cheaper financing following the cut in interest rates, but remains below the break-even point.
  • New construction construction costs moderate their growth and their price reaches 1,317 €/sqm

Full details of the last report can be checked at the following link: ST Sociedad de Tasación Residential Real Estate Trends Report

 

 

 

 

 

 

 

 

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