The price of urban land increases 7.8% year-on-year in the 3Q of 2017
![aerial-view The price of urban land increases 7.8% year-on-year in the 3Q of 2017](/images/image-210320190133dBfj.jpeg)
As shown by the Soil Price Statistics of the Ministry of Development, the average price per square meter of urban land in the third quarter of this year amounted to 7.8% year-on-year , (up to € 162) but experienced a decrease of 2.6% compared to the previous quarter.
On the other hand, in the third quarter of 2017 there were 4,545 transactions , 24% less than those made in the second quarter and 2.4% less than in the third quarter of 2016.
In the municipalities of more than 50,000 inhabitants the average price per square meter increased by 5.6% year on year, (€ 287 per square meter). The highest average prices were in the provinces of Madrid (€ 485.7), Barcelona (€ 447.6) and the Balearic Islands (€ 375), and the lowest prices in Huesca (€ 48.4), Cádiz ( € 115.3) and Leon (€ 120).
The number of sold lots was 968, 5.7% more than in the third quarter of 2016.
In municipalities between 50,000 and 10,000 inhabitants , transactions amounted to 1,591, with an increase of 0.8% year-on-year.
In municipalities between 10,000 and 5,000 inhabitants
strong> the number of transactions was 763, 14% more than in the same quarter of the previous year.In municipalities between 5,000 and 1,000 inhabitants , 857 plots were sold , being an increase of 6% year-on-year.
In municipalities with less than 1,000 inhabitants , 366 transactions were made, with an interannual increase of 3.4%.
In addition, the data of Development also reveal that the surface transmitted in the t The third quarter of 2017 amounted to 6.3 million square meters, for a value of 765 million euros.
Regarding the third quarter of 2016, year-on-year variations represent 17.8% more surface area transmitted and 18% less of the value of them.
Source of the image.