Tinsa report 5% rise in Mediterranean property values
House prices healthy on the Costas & in the islands while city centre homes depreciate.
The latest monthly data published by leading Spanish property valuation firm Tinsa report that average market values of homes in this country were 0.9% higher in February 2021 than in the same month last year, despite a 1% fall in the category of “capitals & large cities”.
Property in coastal areas has become more highly valued: over the last 12 months Tinsa observe a 5.1% rise in Mediterranean coastal area & an increase of 4.7% in the Balearic & Canary Islands. In other categories, minimal year-on-year increases are reported in “metropolitan areas” (+1.2% ) & in the catch-all category of “other municipalities” (+0.7%).
In Mediterranean areas the Tinsa valuation index is now at its highest April level since 2012, while in the islands it is necessary to go back to 2010 to find similar figures.