The average price of new and used housing in Spain rose 3.7% in November compared to the previous month and the same percentage compared to a year earlier, according to data from the Tinsa appraiser. The Balearic and Canary Islands were the most expensive areas, with 11.3% year-on-year, followed by capitals and large cities, with a 4.6% increase in the last twelve months. Below the national average, the metropolitan areas revalued 2.5%, while the groups "other municipalities" and "Mediterranean coast" remained at levels similar to those of the same month last year, with an increase in 1.3% and 0.3%, respectively.
According to the director of Tinsa Studies, Rafael Gil, “we are in a moderation context, as evidenced by the fact that the general price index for November is very similar to that of the previous two months (3.1% in September and October), with the exception of island territories that have an average annual variation during 2019 of over five percent, ”he says in a statement.
From the lowest land recorded during the crisis, the average price in Spain has risen by 16.8%; 29.1% in the islands, and 26.8% in the capitals and large cities. Since the highs of 2007, the average price has accumulated a decrease of 33%, with the Mediterranean coast and metropolitan areas with falls above the average, 43.3% and 39.2%, respectively.
. (tagsToTranslate) Housing