Ciudad Quesada Apartments for Sale
The price of housing in Spain rises by 3.7% in July
Despite this rise, Tinsa points out that the value of real estate accumulates a loss of 39% from the highs of 2007.
The price of finished housing (new and used) increased by 3.7% in July in relation to the same month last year, although it accumulated a decrease of 39.2% from the highs reached in 2007, according to the Tinsa IMIE index .
Specifically, the average price in Spain returns to the level of December 2013, although compared to the previous cycle, before the outbreak of the crisis, housing would be in values equivalent to those of September 2003.
Between January and July of this year the price of housing has risen 3.6%, compared to the advance of 1.6% that experienced in the first seven months of 2016.
The Mediterranean Coast, one of the engines of the market.
The largest year-on-year increase in housing prices occurred in capital cities and large cities, up 6.4% from July 2016 and 3.3% on the Mediterranean coast.
Housing also shows a cumulative decline of 39.2% from the maximum harvested in 2007. According to Tinsa, the area where the hardest adjustment since the outbreak of the crisis has been experienced is the Mediterranean coast, with a fall 45.8%, followed by metropolitan areas, with a decrease of 43.8%
