The average price of housing in the province of Castellón stood at 1,364 euros per square meter, a 2.7% increase from the first quarter. This rise represents a 58.4% jump from the real estate crisis lows, although it remains 19.6% below the peaks of the 2007-2008 period.
In the capital, Castelló de la Plana, the year-on-year increase was 12.7%, with prices reaching 1,374 euros per square meter. Prices are still 27.7% below historical highs but have accumulated a 45.5% increase since their lowest levels.
Castellón ranks in the top ten provinces for percentage increases, surpassing the national average of 15.2%. However, the Castellón real estate market is less strained than those of Valencia (1,849 €/m²) and Alicante (1,979 €/m²), where the year-on-year increase was 20.7%.
The average mortgage credit signed in Castellón amounts to 102,878 euros, with an average monthly payment of 536 euros. The effort rate for mortgage payments stands at 25% of disposable income, below the 35% considered reasonable by experts.
Nationally, housing prices rose 15.2% year-on-year in the second quarter, the largest increase since the third quarter of 2006, driven by insufficient supply against growing demand. The Valencian Community leads the price increase with a 20.7% rise.
Access to homeownership is deteriorating nationwide, with a theoretical effort rate of 35.7%. Castellón, at 25%, maintains a better situation.
