The housing price in Spain soars in 2018: it rises up to 5.78%, its highest increase since 2007.
The value of the assets of the residential market is at the same levels as of the beginning of 2013. The region of Catalonia comes fourth in the ranking when the Community of Madrid leads the cost of housing, with an increase of 10.8%. The Valencian Community follows the lead, with 7.8%. The housing price in Spain soars in 2018
The price of housing in Spain is rising and is already reaching the same level as at the beginning of 2013. In the last quarter of 2018, the residential market increased by 5.8%. This was the highest year-on-year growth since 2007, according to data of the Tinsa appraiser.
Since the first months of 2015, the price of housing has grown up to 11.7% in the last three years. However, the levels of the cost of buying a home still remains 34.7% below those reached in the heyday of the previous boom, in 2007.
By regions, Madrid led the growth in Spanish housing with an increase of 10.8%. It is followed by the Valencian Community, which marked an increase of 7.8% in the last quarter. The region of Asturias comes next, with an increase of 7.4 %. In Catalonia, for its part, the price of housing registered growth is above 5% compared to the same period of 2017.
The four cities where housing was the most expensive in 2018 were Valencia, with an increase of 16.8%; Malaga, with a growth of 15.4%; Tarragona, with a rise of 15.1%, and Madrid, where the rate rose to 14% year-on-year. Barcelona closed the year with an increase of 8%.
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