HOUSE PRICES: Tinsa index up 1.9% in November

Tinsa Spanish house price index November 2015

Tinsa house price index November 2015

Spanish house prices are on the rise, according to the closely-watched index published by Tinsa, Spain’s leading appraisal company.

The Tinsa index rose by 1.9% in November, compared to the same time last year. However, the increase is somewhat exaggerated by an unusual fall in prices last year, Tinsa point out. On a monthly basis, prices were down a fraction compared to September.

House prices rose in all the types of areas that Tinsa report on, most markedly in big cities like Barcelona and Madrid, up 3%, followed by coast areas, up 1.4% (see table above). Prices were stable, up just 0.2% in the Balearic and Canary islands.

Peak-to-present house prices are still down 41.3% in general, and 48.2% on the coast.

HOUSE PRICE INDEX TRACKER

Compared to other house price figures published by leading sources (included in the SPI House Price Index Tracker), the latest Tinsa index reflects a mild trend towards rising prices based on sales, whilst asking prices are still stagnant or falling.

spi-hpit-tinsa-nov-2015

About SPI News Feed

SPI News Feed provides general news about the Spanish property market and related articles translated from the Spanish press. For more in depth news, analysis, and opinion, see Mark Stücklin's blog.

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