The price of second-hand housing continues to grow in Spain. In fact, the rise in August is the highest in 10 years. It was in May 2007 when there was an increase similar to that of this month, in particular the price rose by 5.4% year-on-year. This month of August the year-on-year increase is, in addition, the eleventh consecutive that is recorded.
The housing market is registering levels of activity that we did not see for ten years as a result of the improvement of the economy and employment, as well as a return of confidence in the sector. As a result of all this they are raising prices, although they do so at a very different rate depending on the area of the country
As for the monthly increase, in August the price rose by 0.5% compared to July and also increased in 12 autonomous communities with the Balearic Islands leading the heavier monthly rise, in particular by 1.4%.
In this sense, 11 autonomous communities have fallen more than -40% since reaching the maximum price nine years ago. Thus, La Rioja is the community that has seen the most decline in recent years (-56.8%), followed by Navarre (-53.8%), Aragon (-51.4%), Castilla-La Mancha (-51.3%), Murcia (-49.4%), Asturias (-46.8%), Comunitat Valenciana (-45.7%), Cantabria (-43.1%), Catalonia (-42% , 1%), Madrid (-40.9%), Extremadura (-40.6%).
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