Composed valuation company Tinsa index IMIE, which measures the change in the average price of finished objects of housing in Spain, showed that in February, prices increased by 2.7% in annualized terms. This trend is particularly noticeable against the background of indicators in February 2015, when the fall in house prices has been the most pronounced and prices have reached a level in May 2003 - the lowest level since the crisis began.
Among the various categories of settlements on the level of the leaders of growth were the city, located on the Mediterranean coast, where housing became more expensive on an annual average terms by 6.1%, despite recorded in the first two months of the fall of 0.1%. The second place was taken by the capital and the largest city with a rate of increase of 4.6%. Real estate will rise in price, and on the two Spanish archipelago, the Canary and Balearic, where in comparison with 2015 houses and apartments rose in price by 2.5%. In the suburbs, they went up by 1.5%. In other municipalities, it was slightly below the average cost of real estate, than a year earlier (-0.7%), but the first two months it has grown by 2.7%.
Compared with the maximum figure of 2007 the cost of housing has fallen by about 41%. The prevalence of this trend was noticeable on the Mediterranean coast (-48.1%), in the suburbs (-44.7%), the capitals and large cities (-44%). Less pronounced she was in the Canary Islands and the Balearic Islands (-30.7%), as well as other municipalities (-36.5%).
