Tinsa: House Prices Rose by 2.4% YoY in February

The average price of new and second-hand homes continues to grow in the Spanish market with an interannual increase of 2.4% in February, according to the IMIE General and Large Markets statistics compiled by Tinsa.

Since February 2015, the lowest point of the cycle, average house prices have increased by 16.6% nationwide. Meanwhile, since the highs of 2007, average prices have accumulated a decrease of 33.1%. In February, the average price remained in the same line as the previous month, falling just slightly, by 0.1%.

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Translation/Summary: Carmel Drake

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