Properties reduce their prices by 9,3% in August accumulating a descent of nearly 40% in 5 years.

(…) “Housing prices continue their moderation after the disappearance of the tax benefits on the 1st January 2013”, the valuation company Tinsa points out. The metropolitan areas of the great cities experienced a greater descent in August, with an annual fall in housing prices of 15,8%, followed by capitals and great cities, with a descent of 11% compared to August 2012 and the Mediterranean coast, with a descent of 8,1%. The Balearic and Canary Islands registered an increase of 2,3%. (…)