Villa prices increased 3 times more than apartments in 2021
The closing data for 2021 from notaries highlights a 10.2% increase in the price of single-family homes with the Balearic Islands in the lead
The spectacular sales data offered by notaries make it necessary to carry out a more detailed analysis of the housing market. On the one hand, the average price in Spain of houses sold in 2021 reached 1,507 euros/m2 , which is 5.3% more year-on-year.
Zooming in on the type of residential property, it can be seen how the price of flat-type homes maintained a more normalized increase of 3.6% year-on-year on the national average, in line with the evolution of prices in the pre-pandemic period. Meanwhile, single-family homes have registered an increase in Spain of 10.2% year-on-year in 2021 , rising to 1,195 euros/m2 on average, by far the most notable rise in the historical series collected by the General Council of Notaries , but without reaching the values that were seen in the real estate boom and until 2010 (that year it closed at 1,224 euros/m2).
What has caused this increase in the price of single-family homes? Well, on the one hand, due to the increase in the number of operations on this type of house . Compared to 2020, it increased by 37.8%, although it is below the national average (38.1%). The weight of chalets over total transactions remained at 25%, in line with 2020, but improving almost three points compared to 2019.
Despite the significant weight of flat-type housing in the Spanish market as a whole, which deserves another particular analysis, the volume of single-family home sales has broken records since 2007 in some of the most prominent regions such as the Valencian Community (26,306 transactions ), Catalonia (23,638), Madrid (12,791) or the Balearic Islands (4,262). In other markets such as Andalusia (38,640) or the Canary Islands (6,333) they reached their second highest sales figure in the historical series of notaries.
On the other hand, prices recorded significant increases in terms of single-family homes , with significant increases by communities such as the Balearic Islands (22.6%) up to 3,407 euros/m2, and reaching their maximum in the historical series; Navarra (15.3%), with 889 euros/m2; Canarias (11.5%), with its 1,501 euros/m2, Madrid (10.8%), with 1,816 euros/m2 and Andalucía (10.7%), to stay at 1,167 euros/m2.
Other important markets such as the Valencian Community (9.3%) and Catalonia (7.6%) grew below two digits. But there were also decreases in Extremadura (-5.3%), Galicia (-4.7%), the Basque Country (3.8%), Castilla y León (-2.8%) and slightly in Aragón (-0, one%).
While the Balearic Islands break the records in 2021 in terms of operations on single-family homes and their prices, it is positioned as the most expensive region to buy a villa, with those 3,407 euros/m2, ahead of Madrid (1,816 euros/m2), the Canary Islands (1,501 euros/m2), the Basque Country (1,479 euros/m2) and Catalonia (1,405 euros/m2).
