The price of urban land rises 5.3% and marks the highest level since 2013

Urban land prices rose 5.3% in the first quarter to stand at an average of 157.7 euros, the largest amount since the second quarter of 2013, according to the Ministry of Public Works.
Compared to the fourth quarter of 2015, the price of urban land increased 3.9% in the first three months of the year. With these data, the price of land continues away from the highs marked in 2006 when in the "boom" in the property sector this indicator stood at 284.6 euros per square meter, 45% more than now.
In municipalities of more than 50,000 m2 the average price increased 1.4% to 308.5 euros. The highest average prices were in the Community of Madrid (508.9 € / m2); Catalonia (356.3 euros / m2) and the Balearic Islands (330 euros / m2).
In the first quarter of the year 3,716 urban land transactions, 7.2% more than those in the same period last year were made. In the period, the area was transmitted 5450.4 square meters, representing a 33.8% increase. The value terms, total first quarter was 724.2 million euros, 45.6% higher.
Since the Ministry of Public Works began developing this statistic ten years ago, the price of urban land was increased from 2004 to 2006 uninterruptedly. It was in 2007, coinciding with the real estate crisis, when the price of urban land broke the streak of ups and began to fall, namely 2.7%.
In 2008 the decline was 10.5% in 2009 from 6.4% and 1.8% in 2010. In 2011 the decline worsened to 19.8%, but rose again in 2012, February 1, 7%. An isolated growth since in 2013 the price of urban land continued getting cheaper, namely 21%, while in 2014 it grew by 5.2% and in 2015 fell 2.4%.
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