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Tinsa: Housing  Prices Grew by 1.3% In May

The largest year-on-year increases in house prices have been in the islands, where they rose 4.6%, and the Mediterranean Coast area, up 3.2%.

The price of housing in Spain continues its upward trend after the impact of Covid-19. In May, the average price of a finished home (new and used) rose by 1.3% year-on-year. They had increased by 0.5 percentage points in April, according to Tinsa’s IMIE Local Markets statistics.

The biggest year-on-year increases were seen on the islands, with a rise of 4.6%, and on the Mediterranean coast, with an increase of 3.2%. Meanwhile, the capitals and large cities stabilised, increasing by just 0.1% per month, which puts the growth in the last year at 0.4%.

On the other hand, the average price of the ‘Metropolitan areas’ group registered a slight increase of 0.2% year-on-year in May, after growing by 1.7% last month.

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