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The price of housing in Spain raises the foot of accelerator

The revaluation of the houses in year-on-year rate goes from 8.14% to 2014, to 2.14% in the first three months of 2017.

The increase in the price of housing has increased from 8.14% in 2016 to 2.14% in the first quarter of 2017, which shows a sharp slowdown in the increase in the price of housing. The average value of finished housing (new and used) improved positively in the fourth month of 2017 with a rise of 2% year-on-year, according to the Tinsa IMIE General and Grandes Mercados index. In spite of this increase, the accumulated fall from maximums still stands at 39.9%.

The price of the square meter at the national level is currently at 1,245 euros, and this change in trend could have occurred after the formation of Government at the end of 2016, due to the large supply of housing stock and the low birth rate. Thus, this deceleration is expected to continue over the next few years.

The areas of Costa and the islands, where more prices rise.

In the first four months of 2017, 62% of the provinces where the price has risen were coastal or were on the islands. The gap between the starting price and the final sale price has been 29% in the first four months of 2017 and the average adjustment that the owners had to apply to sell their homes was 53,036 euros on average.

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