Good news for those who are willing to buy a house or apartment. Is that the average house price fell slightly in August, which was 4.6 per cent, or about 3 tenths of a percent more, compared with the data set in July, according to the index Real Estate Appraisals (Tinsa) carried out on free floors, new and used.
We must also note that the percentages of the last two months does not make a definite trend, so you must be patient and cautious, and wait for the final results from quarter to draw conclusions, mostly because the data correspond to months of summer in which the activity is not normal at all, and more considering that in August 2009 prices fell by 8.9 percent.
At 17.9 percent is currently the cumulative decline from the peak reached in December 2007, in the real estate boom, and following the declines of the last two months. These percentages make even very slight increase in the rate of decline of housing values, thereby changing the moderation of these low during the first half of the year, which was cut short last July, and 4 percent in June.
To be more specific we can say that in particular, the largest decrease of August corresponds to capitals and major cities and the Balearic and Canary Islands, with a low of 5.5 percent and 5.3 percent respectively. Also on the Mediterranean coast, the decline was at 4.9 percent, while metropolitan areas and the rest of the municipalities, the August drop was 3.5 percent.
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