The price per square metre in the capital of Almería reaches €1,697 in the second quarter, 12.83% more than a year ago. Sales have decreased by 37.09%, down to 721 transactions, according to the Residential Market Barometer of Provincial Capitals by Gloval.
The average price per square metre of housing in Almería has reached €1,697 in the second quarter of the year, representing an increase of 12.83% compared to €1,504 in the same period of 2022. This is reported by the Residential Market Barometer of Provincial Capitals prepared by Gloval, Part of RINA Prime, as published by noticiasdealmeria.com. The report indicates that the real estate market in the capital is in a phase of deceleration.
This deceleration is evident in the volume of transactions: 721 sales have been recorded in the capital of Almería, which is 37.09% less than a year earlier. Despite the drop in transactions, prices have continued to rise. Between the first and second quarters, the price per square metre has increased by 2.6%. Over the last twelve months, the accumulated increase is €193 per square metre. With these figures, Almería ranks 37th among Spanish provincial capitals with the highest prices.
The evolution in Almería follows the general trend of the country. In the overall provincial capitals, the average price per square metre has been set at €2,327 in the second quarter, with a year-on-year growth of 12.1%. In Andalusia, all capitals have seen price increases. Four of them exceed the national average: Málaga (€3,530), Cádiz (€3,103), Sevilla (€2,692), and Granada (€2,467).
In terms of rankings, Málaga is the sixth most expensive capital, Cádiz the eighth, Sevilla the thirteenth, Granada the seventeenth, Córdoba the thirty-third, Almería the thirty-seventh, Jaén the forty-ninth, and Huelva the fifty-first, the second most economical in Spain.
In Málaga, the market is also in deceleration after 1,429 sales, which is 13.55% less year-on-year. The price per square metre stands at €3,530, 12.53% more than the €3,137 of a year ago, with a slight quarterly increase of 0.17%. In Cádiz, the deceleration is accompanied by 264 transactions, 17.50% less annually, and a price of €3,103 per square metre, 7.04% higher than the previous €2,899, with a quarterly rise of 3.36%.
Sevilla is the only Andalusian capital in a phase of expansion. It has recorded 2,392 sales, 1.74% more than a year ago. The unit value rises to €2,692 per square metre, compared to €2,418 twelve months earlier, which implies an annual appreciation of 11.33% (€274 more per square metre) and a 1.16% increase compared to the previous quarter. In Granada, the market is in deceleration with 833 transactions, 13.59% less year-on-year, and a price of €2,467 per square metre, 10.83% more than the previous €2,226, with a quarterly increase of 1.56%.
Córdoba is experiencing a deceleration cycle although it has reached 1,132 sales, 28.22% more annually. The average price stands at €1,769 per square metre compared to the previous €1,563, an annual increase of 13.18% (€206 more) and 2.79% between the first and second quarters. Jaén remains in deceleration with 412 sales and an annual drop of 21.37%. Its price has risen by 15.28% year-on-year, from €1,263 to €1,456 per square metre, with a quarterly increase of 1.32%, and it continues to be the fourth cheapest capital in Spain. Huelva records 403 transactions, 21.29% less annually, and its price per square metre has risen by 16.45% to €1,642 compared to €1,410 the previous year, with a quarterly increase of 3.66%.
"Karina Katrib, Director of Gloval Analytics at Gloval, Part of RINA"
The report from Gloval, a property appraisal firm in Spain, analyses the evolution of prices and transactions in provincial capitals. The data corresponds to the second quarter of the year and reflects a widespread upward trend in prices, with declines in the number of transactions in most Andalusian cities.
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