Regarding the year-on-year variations, the price in May 2017 raised up 3.7% and has been the trend in the last months, as for positive year-on-year variations. In fact, this is the eight month in a row of year-on-year increases in the price of second-hand houses. In addition, the variation registered this month (3.7%) is the highest since June 2007, when the year-on-year price raised up 4.7%.
“Investors and individuals are getting interested again in houses, since they realize that prices are not going to drop much more. The return of credit and some improvement in the economic situation, besides employment, also helped. But we must keep in mind that we come from very low and that these strong increases are leading by communities like Madrid and Catalonia and the main tourist destinations. The market is returning to normal after the severe adjustment that has suffered”, claims Beatriz Toribio, head of Estudios de Fotocasa.