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 prices registered new momentum above inflation. The greatest price acceleration is located in island territory, although the relevant and sustained growth in capitals and major cities and their metropolitan areas during recent months also stands out," states Cristina Arias, director of Tinsa by Accumin's Research Department. 

The final March data places the year-on-year variation in the first quarter of 2025 at 7.7%, 0.2% higher than the provisional 7.5% published on March 31st in the IMIE Local Markets statistics.

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