It represents a price increase of 1% compared to the previous quarter and 4.6% year-on-year. In Gipuzkoa as a whole, the price per square meter also increased, albeit less, by 0.5% from July to September.
The average price per square meter of housing in Donostia-San Sebastián rose again in the third quarter of this year to 5,613 euros, which represents an increase of 1% compared to the previous quarter and 4.6% year after year, and the figure “highest in the series of results”.
In Gipuzkoa as a whole, the price per square meter also increased, albeit less, by 0.5% from July to September compared to the previous quarter and by 2.2% on an annual basis, reaching an average of 3,496 euros, the ” maximum” level. since 2010.
These are some conclusions from the report on the housing market Official College of Real Estate Agents (COAPI) of Gipuzkoa of the third quarter of 2024, which were presented this Monday at a press conference in San Sebastián by the President, José Luis Polo, the Director, Luis Fabra, and the head of Banco Sabadell Mikel Urkola.
In terms of real estate activity, the number of sales and purchases registered during the third quarter in Gipuzkoa amounted to 1,971 (1,760 used and 211 new), corresponding to an increase of 31.6% compared to the previous three months and an increase of 8 .5% with 8.5%. than in that period last year.
The capital of San Sebastian included 489 sales from July to September, which translates into a quarterly increase of 44.7% and 20.4% compared to the same period in 2023.
Both Polo and Fabra have attributed the market recovery to the moderation of inflation and the interest rate reductionwith the Euribor at the end of the third quarter standing at 2.94%, compared to 3.65% at the end of the second quarter.
The most expensive rental property also in Donostia
On the other hand, renting a house on the open market costs on average in the Basque Autonomous Community (CAV) 754.3 euros per month, although there are important differences by area, since in towns with fewer than 2,500 inhabitants the average income is 606 euros. euros and in the capitals it averages 911.3 euros.
According to the ‘Rental market statistics (EMAL)’ corresponding to the second quarter of the year and published this Monday by the Basque observatory for housingAs of June 30, there were 82,344 free residential rental contracts registered with the Basque government in the BAC.
14.1% of these properties are located in Álava (11,609 deposits). In Gipuzkoa there are 36.1% and 29,711 contracts and in Bizkaia there are 49.8% of rented apartments, that is, 41,024.
The average amount of bonds issued in the second quarter amounted to 807.2 euros, which is 4.6% more than in the same period of 2023 (771.5 euros).
Per capital, there are 9,630 rental properties in Vitoria-Gasteiz and the average income is the same 713.4 euros monthly. In Bilbao there are 15,426 rental contracts with an average rental price of 829 euros monthly. In Donostia-San Sebastián there are 9,461 free rental properties and their average price is higher than 1000 eurosspecifically it reaches 1005.6.
Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
