Capitals and Major Cities, 10% More Expensive Than a Year Ago

• The General Index shows an annual increase of 9.4% in April, with the islands (+14.2%) and capitals and major cities (+10%) as the most dynamic groups over the past year. 
• Island territories and the Mediterranean coast show the highest growth in the last month, while metropolitan areas maintain stability after the strong growth recorded since the beginning of the year.
• The average housing value in Spain is 10.5% below the peak reached in 2007.

Housing prices in Spain recorded new acceleration in April after increasing 0.9% compared to the previous month, bringing the annual increase to 9.4% (+7.1% adjusted for inflation). The 'Islands' and 'Capitals and major cities' groups recorded the highest increases over the past year: 14.2% and 10.0%, respectively.

"In April, residential prices registered new momentum above inflation. The greatest acceleration this month is concentrated in island territory and the Mediterranean coast," explains Cristina Arias, director of Tinsa by Accumin's Research Department. "Prices also continue to rise in capitals and major cities, while metropolitan areas maintain stability after the strong growth recorded since the beginning of the year."

The monthly variation of the analyzed groups ranged between +0.6% and +1.3%. The highest monthly increases were recorded in the "Islands" group (+1.3%) and "Mediterranean Coast" and "Capitals and Major Cities" (both with +1.1%), while the lowest were in "Metropolitan areas" (+0.7%) and inland municipalities (+0.6%).