The price of housing rises by 5.4%

Published on May 10th 2018

The largest year-on-year increase was registered in capitals and large cities, with 8.7%, followed by metropolitan areas, with 5.7%

The finished house, both new and used, maintains the upward trend in prices in line with the last year.

Tinsa's latest report points to an increase in the price in April of 5.4%. This was the biggest increase since the third quarter of 2007, that is, since before the real estate crisis.

In this way, the pace of growth gains strength, since in March the rise was 3.6%. These are the latest data collected in the IMIE statistics, based on Tinsa's appraisals of finished homes, both new and used.

The average price in Spain has been revalued by 10.3% from the minimum that it touched at the beginning of 2015, although it continues dragging a cumulative fall of 36.7% since the peak of the boom in 2007

If growth is taken according to geographic areas, the highest price increase was registered in capitals and large cities, with 8.7%.

The metropolitan areas also show significant increases (+ 5.7%), as well as the Balearic and Canary Islands (+ 5.6%). In the first one, which groups the influence areas of large cities, the tendency is rather stabilization, since the index has remained in the last months within a band between 1,280 and 1,310 points.

On the Mediterranean coast, growth was only 0.3% year-on-year in April, followed by the rest of the municipalities, which includes the smallest localities, where the rise was 1.1%.

 

Source: El Mundo

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