The average price for one square metre in Spain was 1'525.79 euros in this period, which rises to 1'591.63 for a new house or flat or drops to 1'476.09 if it is a old house.
In the Balearic Islands, the average price per square metre registered as 1'937.51 euros for an old house and 1'883.99 euros for a new house.
This change whereby older buildings are dearer than new ones is a phenomenon which also occurs in Madrid.
In Madrid, the average price for a square metre is 2'566.67 euros for an older building, which decreases to 2'428.69 for a new building.
On the other end of the scale, the cheapest house prices can be found in Extremadura (713'44 euros per square metre), followed by Castilla-La Manch (839.23) and Galicia (928.98). According to the information, there was an increase of 15.61 percent in average Spanish house prices between 2004 compared to the same period in 2003.
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