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The price of housing rose by 2% in April and dropped by 39.9% since 2007

One of the areas that maintains its prices above those of a year ago is the Mediterranean coast, which revalued 1.3% in year-on-year rate in April.

The price of finished housing (new and used) rose 2% in April compared to the same month last year and accumulates a decrease of 39.9% from the highs reached in 2007, according to the Tinsa IMIE index.

The growth registered in the fourth month of the year is due to the impulse registered in the capitals and big cities, with an increase of 6.1% in the last year, and of the Balearic and Canary Islands, with growth of 4%, being the zones which have increased their prices since April 2016.

The cumulative decrease of the finished dwelling compared to the maximum levels reached at the end of 2007 is, for the second consecutive month, below the level of 40%.

According to Tinsa, the Balearic and Canary Islands is where the average price has declined from the highest (-27.8%), as in the smaller towns (other municipalities), with a drop of 36.7%. The highest accumulated price adjustment is on the Mediterranean coast (-46%), followed closely by metropolitan areas (-45.9%) and capital cities and large cities (-41.7%).

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