The price of new housing increased in Spain a 3.3 per cent in 2016 and chained two consecutive years of increases, according to a report released Monday by the Society of Appraisal Spanish.
In this way, the average price per square metre in the main cities are situated in 2.120 eur (approximately 2,218 dollars at the current exchange rate), which is valued at 190.800 euros (about 199.800 dollars) for a dwelling of average of 90 square meters.
In the year 2007, before the start of the economic crisis in Spain, the average prices per square meter exceeded the 2.900 euros (3.034 dollars).
Although the price of new housing increased in 2016 in the major Spanish cities between July-December of 2016, the variance was not uniform.
The price increases most significant occurred in Barcelona and Madrid, with an increase in half-yearly by 3.8 % and 2.8 %, respectively.
With these data, the number of years of full wages, that a Spanish citizen means a need to allocate for the purchase of an average house is situated in 7.5 years.
The report says that in 2016 consolidated the stabilization of the sector thanks to the growth of the sales, the prices, the improvement in the accessibility to credit and the macro-economic growth.
Also, it aims to maintain the current economic conditions and forecasts advanced to 2017, it is likely that the sector will experience a growth cycle mild in most cases.
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