Despite the price of second-hand housing in the Canary Islands falling by -0.6% in August, it has risen by 19.6% in its year-on-year variation and places the average price of homes offered in August at 3,139 euros per square meter, according to data from the Fotocasa Real Estate Index.
If the average price is multiplied by the 80 square meters of a standard home, the resulting price is 251,088 euros, compared to 107,266 in August 2015, which represents an increase of 134.1%.
By region, the increases are higher than 10% in the Valencian Community (24.1%), Andalusia (23.1%), Asturias (20.7%), the Region of Murcia (20.4%), the Canary Islands (19.6%), Madrid (18.2%), the Balearic Islands (17.3%), Cantabria (15.3%), the Basque Country (10.8%), Catalonia (10.3%) and Galicia (10.2%).
Below these are Castile and León (7.6%), La Rioja (3.7%), Extremadura (3.3%), Castile-La Mancha (3.0%), Aragon (2.9%) and Navarre (0.9%).
The highest price is found in the Balearic Islands, where it reached 5,168 euros last month, while in the Community of Madrid it is 4,943 euros.
Above 3,000 euros per square meter are the Basque Country (3,540 euros), the Canary Islands (3,139 euros), Catalonia (3,110 euros).
Next, Andalusia with 2,667 euros, the Valencian Community with 2,447 euros, Cantabria with 2,356 euros, Asturias with 2,121 euros, Navarre with 2,085 euros, and Galicia with 2,041 euros.
Below 2,000 euros you can still buy in Aragon (1,788 euros), La Rioja (1,734 euros), Murcia (1,716 euros), Castile and León (1,626 euros), Extremadura (1,269 euros) and Castile-La Mancha (1,263 euros).
