Buying a house has never cost so much in Madrid and Donosti: 5,100 euros for a square meter of housing

• End of the last brick fever Brake in prices and more expensive mortgages

Buying a house became 3.9% more expensive on average in August.

The prices of second-hand housing rose last month throughout the country, however, in some places they were at levels that they had never been before, not even at the height of the housing bubble that ended up bursting in 2008.

This occurs, for example, in the

, two regions where buying a home has never cost so much.

In the first case, the price rises to 3,123 euros per square meter, while in the second it shoots up to 3,542 euros.

These are the data offered by the

real estate portal , which also ensures that both regions reached their highest price in August since the firm updated its registry.

The data is the most palpable consequence of the high interest in buying a house that was unleashed in Spain a year and a half ago (coinciding with the end of the confinements), added to the scarcity of available supply, both used and new construction.

On the one hand, the number of purchases and sales soared in June to levels not seen in a decade, while mortgages - driven by family savings and future ECB rate hikes - have also returned to historical levels.

On the other hand, there is an increasingly evident

lack of

The imbalance between one and the other exerts pressure on prices that will continue despite the voices that predict a slowdown in the market as of autumn.

"With the cost of financing, high inflation and rumors of an imminent economic recession, the growth of sales will slow down and probably in the coming months we will see a stabilization of the data, or perhaps a drop in them. ", says

, spokesman for Idealista.

The moderation in demand could mean that prices do not continue to grow at the same rate, but by then some cities have already set their historical records.

This is the case of Malaga, which registered its highest housing price of all time in August with 2,279 euros per square meter;

or Palma, where it stood at 3,431 euros.

Also in Las Palmas de Gran Canaria (2,117 euros per square meter), in Pamplona (2,629 euros per square meter), in San Sebastián (5,126 euros per square meter) or Madrid (3,973 euros per square meter).

The city of San Sebastian is the most expensive provincial capital in the country, followed by Barcelona (4,085 euros) and Madrid;

in the latter, prices climbed 1.9% in August, compared to 1.2% in Barcelona.

If we continue talking about provincial capitals, up to 34 of them experienced increases in the cost of housing in August.

The most pronounced of all occurred in Cuenca, where sellers' expectations grew by 5.8%, followed by Valencia (3.3%), Segovia (2.4%), Palma (2.3%), Toledo and Pamplona (2.1% in both capitals).

On the opposite side, Jaén (-1.4%) leads the price falls during the last month, followed by Huesca and Zamora (-0.9% in both) and Tarragona (-0.8%).

provinces

At the provincial level, up to 18 provinces marked higher prices in August than the previous month.

The largest increase occurred in the province of Valencia (2%), followed by Malaga and Almería (1.5%), as well as Huesca, Madrid and the Balearic Islands (1.4% in all three cases).

On the opposite side, Lleida (-3%) heads the list of provinces in which the price has fallen during the last month, followed by Ciudad Real (-1.5%), Jaén (-1.4%), Tarragona and Badajoz (-1.3% in both).

The Balearic Islands reaffirms itself as the most expensive province to acquire a home (3,542 euros per square meter) ahead of Guipúzcoa (3,305 euros), Madrid (3,123 euros) and Barcelona (2,742 euros).

Ciudad Real, meanwhile, is the cheapest province with a price of 750 euros per square meter.

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