Between January and July this year the price of housing has risen 1.6% against 0.5% cut experienced in the first seven months of 2015 and somewhat below the 2.2% recorded between January and June of this year. The index fell by 41.3% from their highs in 2007.
The highest annual increases in July in the price of housing occurred in the capital and big cities, with an increase of 1% compared to July 2015, and in the Balearic and Canary Islands (+ 1.7%).
On the Mediterranean coast and in metropolitan areas prices rose 0.3% in both cases. By contrast, other municipalities, ie smaller towns showed a fall in house prices of 1.4% yoy.
In the year to date (January to July), the islands are those that recorded the biggest increase, with an increase of 4.9%, followed by capitals and major cities and other municipalities, up 1.5 % in both cases. On the Mediterranean coast and metropolitan areas prices advanced 1.1% and 0.2%, respectively, in the first seven months of the year.
The average adjustment in Spain since the peak in 2007 stood at 41.3%. Below are the average Balearic and Canary Islands (-29.2%) and the rest of municipalities (-37.3%). The Mediterranean coast places the accumulated drop in the price of housing in 47.5%, followed by metropolitan areas (-44.9%) and the capitals and large cities (-44.5%).
In Europahus, especially in the Nordic countries, in search and purchase of housing in Spain we have more than 15 years advising clients. This experience obliges us to keep up to date on all regulatory requirements and all legal aspects related to our activity.
Our close collaboration with many local realtors makes our catalog includesall kinds of properties throughout the provinces of Murcia and Alicante. Please contact us if you are looking for a house in Spain.