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Spanish regional capitals up 8.3% in past year, says Tinsa

The Spanish property valuation firm Tinsa published its most recent data concerning the market value of housing on 5th November, reporting that in the month of October the on-going recovery in prices across the country continued in all categories.

The annual increase was slightly more pronounced than in September, amounting to 5.3% across the country, and the Tinsa Index is now 13.1% higher than when the market bottomed out in February 2015 (although it is still down 35.1% from the height of the boom in late 2007).

The staggered nature of this recovery can be seen in the breakdown of the figures, which shows that in Spain’s regional capitals and other large cities market values have risen by 21.7% over the last three and a half years, while elsewhere there are increases of 17.3% in the Balearic and Canary Islands, 15.8% in Mediterranean coastal areas, 9.3% in metropolitan areas and just 5.8% in the other regions.

In October, the sharpest year-on-year rise was again in the regional capitals and other large cities at 8.3%, followed by rises of 6% in Mediterranean coastal areas, 4.5% in the Balearic and Canary Islands, 3.8% in metropolitan areas and just 0.9% in the other regions.

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