The price of housing maintains a relatively stable growth rate, but with very significant levels of increase. In addition, the year-on-year increase of 7.7% adds to the 10.2% increase in May 2023. All autonomous communities showed year-on-year increases in the price of used housing for sale in May.
The most pronounced increases, exceeding 10%, were in the Canary Islands (+24.2%), Madrid (+18.6%), Valencia (+14%), the Balearic Islands (+13.1%), and Andalusia (+11.6%). Next, below double digits, are Murcia (+9.4%), Galicia (+6.8%), the Basque Country (+6.7%), Cantabria (+6.2%), Asturias (+5.4%), Navarra (+4.1%), La Rioja (+3.8%), Castilla-La Mancha (+3.1%), Castilla y León (+2.2%), Catalonia (+2.1%), Aragon (+1.9%), and Extremadura (+0.8%).
The regions with the most expensive second-hand homes are the Balearic Islands and Madrid, with 4,159 euros and 4,085 euros per square meter, respectively.
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