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Ciudad Quesada Property


The price of housing rose by 2% in April and accumulated a drop of 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.

Another area 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. In contrast, metropolitan areas and other municipalities continue to average less than a year ago and recorded year-on-year declines of 2.6% and 1.4%, respectively.

The biggest price adjustment since the crisis is concentrated on the coast.

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

According to Tinsa, the Balearic Islands and the Canary Islands are where the average price has dropped the least (-27.8%), as well 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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