Only 30% of homes in Spain cost less than 150,000 euros | Economy

The most determining factor when looking for a home to buy is usually, for the vast majority of interested parties, . It matters little if there is a house available in the desired city, neighborhood or street if your pocketbook cannot finance it. Therefore, it is necessary to take a look at the map and have . On the floors.com website, one of the main real estate portals in Spain, it is observed that the most affordable houses (less than 150,000 euros) and the most expensive (more than 500,000) are the ones that make up half of the offer: with three and two homes out of ten, respectively. At the same time, it is also evident that the majority of cheap houses They are found in Aragon (60.61% of those that exist in the community are in that category) and the most expensive are in the Balearic Islands (67.33%). If instead of communities it is evaluated by provincial capitals, in Zamora 60.2% of homes cost less than 150,000 euros, while in San Sebastián, 62.47% are the most expensive.

In the study published this Monday by the real estate portal, it has divided its entire catalog into four price categories: less than 150,000 euros; between 150,000 and 250,000 euros; from 250,000 to 500,000 euros; and more than 500,000 euros. Thus, the first result it offers is that 29.58% of the homes for sale have an affordable price; 18.78% fall into the following category; 28.88% in the section below; and 22.76% in the highest step. In view of these results, adding those that are at the furthest extremes, the total offer exceeds half of the offer (52.34%).

Homes for sale by price range (Stacked bars)

And, once the distribution was made, the study has broken down the results by autonomous communities and provincial capitals. According to the first table, the Balearic Islands lead by far the highest price classification, with 67.33% of properties above 500,000 euros. A percentage that doubles that of Madrid, where one in three falls within this range (32.63%); and that of the Canary Islands (30.31%). “Madrid and the Canary Islands have consolidated themselves in recent years as destinations in high demand, both for work reasons and quality of life. This has generated an alarming increase in prices,” explains Ferran Font, director of Estudios depósitos.com.

However, by provincial capital, San Sebastián is the city that emerges strongly with 62.47% of properties over half a million euros, far behind Palma de Mallorca (60.48%), Málaga (36.33%) and Madrid (35.02%). “The large coastal capitals and cities with greater international projection concentrate the highest prices. San Sebastián and Palma stand out, especially, with six out of ten homes for sale for over half a million euros,” says Font.

inside

On the other side of the supply, Aragón is the territory that leads the classification of affordable homes (below 150,000 euros), with 60.61% of homes in this range; ahead of Extremadura (60.55%) and Castilla-La Mancha (57.75%). “Inland communities offer real opportunities to access home ownership. More than half of the offer is below 150,000 euros, which radically contrasts with the situation in coastal areas and large capitals,” highlights Font.

Expanding further on the zoom On the national map, the highest concentration of affordable housing, according to the apartments.com study, is in Zamora, which leads this section with 60.20% of properties in the first of the sections; followed by Almería (58.64%) and Lleida (55.94%); in all of them with a catalog greater than half of the total. “This reality is influencing internal migration flows and the real estate investment decisions of many Spaniards,” Font concludes.

source

News Room USA | LNG in Northern BC