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House Prices in Large Cities are those Most Affected by Covid-19 with a Decrease of 1.3% in May

Capitals and large cities, as well as inland areas of the peninsula, registered slight price decreases of 1.3% and 2.6% in May compared to April, although, year-on-year, the growth rate amounted to 3.6%.

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The appraisals carried out by the consulting firm Tinsa during the month of May did not change the overall price of homes, which did not rise compared to April, and so they recorded a year-on-year increase of 3.6%. As such, the cumulative appreciation of house prices above the national minimum registered during the previous crisis amounted to 18.5%.

But the health crisis did take its toll on activity during the months of April and May: in this way, the capitals and large cities recorded a slight decrease in prices of 1.3% last month, although compared to May 2019 they registered year-on-year growth of 3.8%, according to the firm’s IMIE General and Large Markets general index, which stood at 1,552 points in May, practically unchanged from the previous month.

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