The real estate market continues its escalation in Spain. The price of finished housing (new and used) increased by 4.7% in August compared to the same month last year, according to the latest data from the appraiser Tinsa.
However, since the bursting of the real estate bubble, the hardest adjustment has been on the Mediterranean coast, with a fall of 46.4% since 2007, followed by metropolitan areas, with a cumulative decline of 42.9%. large cities, where the average price is 41.7% lower than a decade ago. The islands and smaller populations are the areas where the average value of housing has been reduced: 28.7% and 36.5%, respectively.
In addition to this striking price, there are other data to highlight that demonstrate the good shape of the real estate sector in Spain and the Spanish economy in general:
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