Property sales prices overcame the first year of the pandemic, increasing by 10% in June over last year, according to the latest report from Idealista prices, the main real estate market in Spain, Italy and Portugal, but this increase has not been uniform across all types or across all geographic areas of the country.
The largest increase in prices was observed for two-room apartments, which rose by 21.1% over the year. They are followed by one-room (12.2%) and three-room (11.5%) apartments. Villas have increased in price by 9.3%, and apartments with four or more bedrooms - by 7.8%. Studios are the product with the lowest growth rate, which increased by 5.6% in June over the previous year.
The city of Barcelona is an example of the opposite. Studios were the only type where prices increased (14.4% YoY), while prices fell in all other types. The price decreased by 5.6% for one-bedroom property; by 5.5% for two-bedroom property; by 4.4% for property with three bedrooms and by 3.1% for property with four or more bedrooms.
In the provinces of Barcelona, meanwhile, real estate has become more expensive: one-bedroom apartments (+ 14.6%), two-bedroom apartments (+ 6.6%), three-bedroom apartments (+ 4.8%), four or more rooms (+8 , 2%) and villas (+ 6.8%).
There is a price increase for almost all property types in the capital of Spain. In Madrid most of all prices increased for large apartments with four or more bedrooms (4.7% year on year in June), villas (3.6%). Meanwhile, two-room apartments (0.8%) and one-room apartments (0.5%) remained almost unchanged. In fact, three-room apartments are the only ones that have fallen in price this year, with a drop of 1.4%.