The value half of them houses records an evolution annual of the 0,0% with the capitals and major cities with the best performance (1,6%)
The average price of the completed housing (new and used) be maintained in October without variations respect to the level registered in the same month of 2015, with the capitals as the markets highlights in the evolution of prices. In the accumulated in them 10 first months of 2016, the average in Spain accumulates a revaluation of the 2,2%, According to data from Tinsa IMIE General index and major markets. Since Maxima from 2007, the accumulated fall reached the 40,9%.
Solo el grupo ‘ Capital and the large cities’ incrementó sus valores medios en octubre respecto y al mismo mes de 2015. El crecimiento en tasa interanual en este grupo de municipios fue del 1,6%. on the other hand, the ‘Costa mediterránea’ and the smaller towns (‘ Rest of municipalities’) registraron ligeras caídas interanuales del 0,6% and of the 0,4%, respectively.
La situación del mercado residencial sigue caracterizado por la stability. “We maintain the forecast that 2016 close with a crecimiento de precios, expected below the 5% en términos medios. That does not prevent that there are certain areas where the upward trend is stronger, como es el caso de las ciudades de Madrid or Barcelona. The evolution to medium and long term will depend of the situation economic”, afirma Jorge Ripoll, Director of the Research Department of Tinsa.
Cumulative evolution of January to October
The average price of housing completed in Spain continues to maintain a positive balance in the whole of the year 2016. El crecimiento acumulado desde enero es del 2,2%, powered by the ‘ capitals and large cities ’, that have appreciated a 3,3% in the set of those 10 first months, and by developing markets (‘ Balearic Islands and Canary Islands ’), which have become more expensive a 3,8% What has been of 2016. So only the ‘ Areas Metropolitan’ they have depreciated slightly since January (-0,6%), While in the rest of the index groups the increase since January stands at lathe to the 2%.
Adjust from maximum of 2007
If evolution is analyzed from the peak of the cycle, in 2007, el precio medio en España registra una accumulated fall of the 40,5%. El descenso es todavía mayor en la ‘Costa mediterránea’, where it reaches the 47% from maximum, followed of the ‘ Metropolitan Areas ’, with a decline of the 45,4% and the ‘ capitals and large cities’ with a 43,6%. The price average in ‘ Balearic and Canary Islands’ It is set below the Spanish average (-30% from 2007), similar to the ‘ rest of municipalities ’, where is the cumulative decline of the 36,8%.
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