Hibapress
Housing prices (new and existing) in Spain continued to increase in the third quarter compared to the previous quarter, recording an increase of 3.1% year-on-year.
According to the IMIE General Tinsa benchmark index, which tracks the evolution of housing prices in the Iberian country, the average housing price reached 1,804 euros/m² in the third quarter compared to the previous year.
The average housing value in Spain recorded an increase of 41.3% compared to its lowest level reached in the third quarter of 2015. The Balearic Islands showed the greatest increase, with an increase exceeding 8.4%.
Regions that have also seen significant price increases over the past year are Cantabria (7.1%), Canary Islands (7%), Asturias (5.8%) and Valencian Community (6. 8%), specify index data.
On the other hand, Madrid (2.5%) and Catalonia (3.6%) presented moderate variations, although up compared to the second quarter.
Quarter-on-quarter, the price of real estate increased by 1.3%, a rate in line with inflation, adds the same source.
