“Capitals and big cities”, with an increase of 6.8% last year, and “Metropolitan areas”, with a growth of 6.7%, were the most dynamic areas regarding year-on-year rate. Houses are 39.4% cheaper than in 2007.
“Big cities have been the driving force for the recovery of the residential market in recent months. The consolidation of the economic recovery in Spain is transferring this improvement to the areas of influence of the capital cities, where demand is driven by price”, says the director of the Research at Tinsa, Jorge Ripoll. "The evolution of the average price in Spain is positive, with some signs of moderation. There are still uncertainties regarding the strength of the labor market“.
Although the General Index is 4.7% higher than in August 2016, the cumulative variation since January has softened from 3.6% in July to 3.1% in the first eight months.