REAL ESTATE: Price vs Climate in Spain

16 noviembre, 2020 por Alberto Murcia Jabaloy0

Since this worldwide pandemic keeps this Don (Quixote) adventurer locked down, it gave me time to think about the Köppen-Geiger climatic regions of Spain and their associated residental average selling price and how this pandemic may have affected those prices.  I obtained these data from the Spanish government comparing pre-pandemic 2019 with the current average residental home values.  The attached graph shows the impact and the climatic regions evaluated and rank from most expensive to least expensive average residental values:

1)     Hot-summer Mediterranean climate for Balearic Islands

2)   Humid Subtropical climate:  Barcelona, Girona, Lleida and Tarragona

3)     Tropical climate:  Canary Islands

4)     Coastal climate:  Asturias, Cantabria, Pais Vasco, Navarro

5)   Hot-summer Mediterranean climate: Extremadura, Castilla La Mancha, Aragon, Castellon, Valencia and Andalucía.

6)     Costa Blanca microclimate:  Alicante, Altea, Elche

7)     Warm-summer Continental Mediterranean climate: Segovia, Valladolid

8)     Warm-summer Mediterranean climate:  Galicia, LaRioja, Castilla y Leon

9)   Semi-arid climate:  Murcia, Granada


CONCLUSION:   The data shows the real estate values across all of Spain are stable, with no negative impact observed as to the effect of this global pandemic.  In fact, all climatic zones regions showed some increase over the last year with the Hot-summer Mediterranean climate of the Balearic Islands and the Humid Subtropical zones showing the most increases at 38% and 14% respectively.


Don Cox

Realtyplus partner

Don (Quixote) in Spain

Alberto Murcia Jabaloy

Alberto Murcia Jabaloy

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