In half of the autonomous districts, the prices of houses for sale recover to the pre-COVID level

In half of the autonomous districts, the prices of houses for sale recover to the pre-COVID level

According to notaries, the housing market continues to move on the path of recovery after the worst period of the coronavirus crisis has passed. The prices for houses sold in the eight autonomous communities have already marked higher values in March 2021, according to the latest published data, compared to prices recorded in February 2020, the last full month of the pre-COVID period. Aragón (11.5%), the Balearic Islands (5.5%) and the Canary Islands (5%) showed the largest increases, while Navarre (-22.4%), La Rioja (-20.2%) and Cantabria (-17.6%) continued to show increased figure than before the pandemic.

As already reported in May last year, when the General Council of Notaries published its latest statistics and confirmed that in March 2021, 59,692 contracts for the purchase and sale of housing were signed, which is 83.7% more than last year and is the best figure this year. Meanwhile, the price of houses sold was 1,384 euros per sq. m., down 4.7% compared to March 2020, just in the month when Spain's health crisis broke out and Spanish economy reached a deadlock due to forced self-isolation.

But to make a clearer analysis and make a comparison between two months that can be compared as equal, we will analyze the last known data for March 2021 with the data for February 2020.

March 2021 was really successful in terms of housing transactions. If in Aragón, Cantabria, Castilla y León, Castile-La Mancha, Extremadura or Murcia, it has already more than doubled the number of operations compared to March 2020. If we compare it with February of last year (the pre-COVID period), we will also see a significant increase, for example, in Aragón (53.2%), Extremadura (45.4%), Asturias (44.7%) or Madrid (42.4%). The lowest growth in house sales and purchases is observed in Cantabria (18.8%), the Canary Islands (19.7%) and the Valencian Community (20.4%).

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