House price raise up to 3.6% year-on-year in May

Tinsa’s IMIE General and Large Markets Index stood at 1.387 points in May, with an increase of 3.6% in comparison with May 2016.

“Capitales y grandes ciudades”, with an increase of 6.1% last year, and “Costa mediterránea”, with a growth of 4.7%, were the areas with better price developments of finished houses (new and second-hand), in this last year. From the highs since 2007, the average value in Spain fell to 39.2%.