Spanish property price data shows a more moderate decline in November

Property prices in November fell 7.2 % from the same month last year, according to the index imie tinsa appraiser. This data records a more moderate decline compared to the previous month, the maximum drop accumulated since December 2007 is 38.5%.

Regarding behaviour by areas,  capitals and big cities suffered cuts highlight with a fall of 7.9% , followed by metropolitan areas and other municipalities both with a descent of 7.8%, very close to the towns of the Mediterranean Coast stood with a fall of 7.5%.

imie-noviembre
Graph supplied by Idealista

A  smaller decline compared to November last year, experienced by the Balearic and Canary Islands with 0.9% drop and has maintained a stable trend since mid-2012.

In terms of the accumulated areas since they reached their highest value cuts, the Mediterranean Coast adjustment in November stood at 45.4 %, was followed by the capitals and big cities with 42.2%, Metropolitan areas with 41.9 %, the other municipalities with 33% and closing the series the Balearic and Canary Islands with 27.3%.

 

Advertisements