Tinsa has released house prices figures for August. You can download the report here.
The General IMIE index fell again in August to 1748 points, a year-on-year decline of 6.8%, continuing the trend of the last three months. The cumulative decline from the top of the market in December 2007 is now 23.5%.
This situation was also reflected in the market’s various segments, although “Capital and Major Cities” recorded a sharper year-on-year decline of 7.8%, followed by the “Mediterranean Coast” with 7.1%.
In the remaining areas, the decline in house prices was below the national average. In the “Metropolitan Areas” the year-on-year decline was 5.8%; in the “Balearic and Canary Islands” it was 4.9%; while the “Rest of Municipalities” it was 6.4%.
The cumulative declines to August from the top of the market, by area, were: “Mediterranean Coast” 29.2%, “Capital and Major Cities” 25.6%, “Metropolitan Areas” 23.4%, “Balearic and Canary Islands” 21.1%, and the “Rest of Municipalities” 20.4%.