Housing Accelerates to 8.5% Year-on-Year in March
The average price of new and used housing placed its year-on-year variation at 8.5% in March, after advancing 0.9% in the last month. Island territories and metropolitan areas show the highest value increases in monthly rate: +1.9% and +1.2%, respectively. 'Other municipalities' is the only group that remains stable (-0.6%). 'Islands' (+14.1% year-on-year) and 'Mediterranean Coast' (9.0%) lead housing price increases over the past year. The average housing value in Spain is 11.3% below the peak reached in 2007-2008. New and used housing prices accelerated their upward trend in March, placing the year-on-year variation at 8.5% (+6.2% in real terms, discounting the effect of inflation), after becoming 0.9% more expensive in the last month. Island territories ('Islands') continue to stand out with the highest increase in residential prices over the past year (+14.1%), after rising almost 2% between February and March. "In March, residential ...