The average price of urban land fell by 0.1% year-on-year, to 160 euros per square meter
MADRID, 23 (EUROPA PRESS)
The average price of urban land stood at 160 euros per square meter in the fourth quarter of 2022, 0.1% below the 160.1 euros registered in the same period of the previous year, according to statistics from the Ministry of Transport , Mobility and Urban Agenda (Mitma), consulted this Wednesday by Europa Press.
Despite the year-on-year decrease, the average price of urban land became more expensive by 6.5% compared to the third quarter of 2022, going from 150.2 euros per square meter between July and September to 160 euros per square meter for the three last months of the year.
Throughout 2022, the average price of urban land also contracted in six autonomous communities, which followed the national downward trend.
In the Basque Country, the average price of urban land fell by 15.8% year-on-year, to 232.5 euros per square meter, followed by the 15.5% drop registered in the Community of Madrid, where the average price per meter square of urban land closed 2022 at 261.1 euros.
The other regions in which urban land prices fell were Extremadura, with a drop of 9.7%, to 101.7 euros; Navarra, at 122.4 euros per square meter, 6.1% below the figures for the previous year; Andalusia, with a year-on-year contraction in prices of 5.7%, to 162.6 euros per square meter; and Galicia, with a fall of 3.2%, to 94 euros per square meter.
On the contrary, five autonomous communities showed double-digit increases in the average price of urban land, with Castilla-La Mancha in the lead and an increase of 18.1%, up to 100.1 euros.
In Castilla y León, the price of urban land reached 75.9 euros per square meter in 2022, 16.6% more than in the fourth quarter of 2021. In La Rioja, an increase of 16% was registered, up to 121.3 euros per square meter.
There were also double-digit increases in both archipelagos, with 15% in the Canary Islands, up to 240.5 euros, and 10.5% in the Balearic Islands, up to 340.9 euros per square meter, the most expensive in Spain.
The increases are completed with 9.8% in Aragon; 9.7% in Cantabria; 9.3% in Asturias; 3.6% in Murcia; 3.4% in the Valencian Community; and 2% in Catalonia.
The total area transmitted in the fourth quarter stood at 6,504 million square meters, 31.4% less than in the same period of the previous year, for a value of 963.7 million euros, 22% less than the year former.
URBAN LAND PRICES FELL BY 9.7% IN MUNICIPALITIES WITH MORE THAN 50,000 INHABITANTS
Average urban land prices contracted 9.7% year-on-year in municipalities with more than 50,000 inhabitants, to 268.4 euros in the fourth quarter of 2022.
By autonomous community, the sharpest fall was in Extremadura, where average urban land prices fell by 42.9% year-on-year, to 135.2 euros, followed by the Basque Country, with a drop of 33.4%, to the 321.9 euros per square meter.
On the opposite side are Galicia, with a rise of 53.2%, up to 222.1 euros per square meter, and the Valencian Community, with 18.8% year-on-year, up to 264.4 euros per square meter of land. urban.
The most expensive prices for urban land in 2022 were located in Madrid, at 467.5 euros per square meter, and in the Balearic Islands, at 453.7 euros per square meter, while the cheapest were found in Ávila, at 94, 8 euros per square meter, and in Albacete, at 96.8 euros.
