The three cities in Spain where it is easiest to negotiate the price of housing

He Spain real estate market is going through a moment of great complexity, with a tendency towards high prices. However, there are still some cities in which operations play at different speedsthus opening a window of opportunities to those seeking to become owners as soon as possible.

These data are reflected in the second installment of the “Fotocasa Negotiation Index”an indicator that uses the DataVenues data tool, specialized in Big Data analysis of the real estate sector, and which has pointed out the case of Granada, Palma de Mallorca and Alicante like the cities where it is easiest to negotiate the price of a home.

Three cities where supply exceeds demand

The report highlights these three provincial capitals for their wide gap between the prices offered and those soughtallowing for better or easier negotiation. In this sense, Grenade with a 22% marginis positioned as the capital with the greatest gap in Spain. Under this context, the Granada owners

It follows very closely Palma de Mallorca, with 18%a market that is marked above all by foreign demand. Sellers are testing prices so high that even the demand part requires cuts close to 20% to formalize a purchase. As occurs in Alicante, with 17%in which the starting price of the home would be more inflated or above the real purchasing capacity of the area, which thus forces a reduction that favors the buyer.

Maria Matos, Director of Studies and spokesperson for Fotocasaanalyzes the situation like this: “The data confirm the existence of a great distance between the price at which the seller offers the home and the price at which the buyer is willing to pay. In the housing market it is common for demand to look for prices that are more in line with its financial reality and that when the supply does not keep up, the gap skyrockets.”

After Granada, Palma de Mallorca and Alicante, other cities outside the triple podium, They also have a more favorable situation in terms of negotiation. These are Murcia (15%), Málaga (15%), Oviedo (15%), Las Palmas de Gran Canaria (14%), León (14%), Santa Cruz de Tenerife (14%), Madrid (13%), Santander (13%), Castellón de la Plana (12%), Ourense (12%), Palencia (12%), Salamanca (12%), Segovia (12%), Seville (12%), Tarragona (12%) and Valencia (12%).

The fact that Madrid (13%), Malaga (15%) and Valencia (12%) appearing in this range indicates that, even in the hottest markets, exit prices are beginning to find resistance in demand.

Cities where negotiation is less favorable

At an intermediate balance point are cities such as Barcelona (11%)Valladolid (11%) and Córdoba (11%). Here, negotiation exists, but it is more moderate. But without a doubt, where the difference between supply and demand prices is smaller, it is in the following cities: Bilbao (7%), Huelva (7%), Jaén (7%), A Coruña (7%) and Zaragoza (7%), as well as Albacete (6%), Ciudad Real (6%), Cádiz (6%), Huesca (6%) and Vitoria (6%), in addition to the aforementioned San Sebastián (4%), Soria (4%), Toledo (4%), Zamora (4%), Teruel (3%) and Pamplona (2%).