House prices in Spain rise to 3.3% of pre-pandemic levels

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The price of used housing in Spain falls 0.1% in August
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House prices in Spain have risen to 3.3% of pre-pandemic levels and show no signs of slowing down.

The average house price in Spain closed in August with a rise of 3.3% compared to March 2020, the month in which the pandemic broke out and the health crisis began, according to a report from lavanguardia.

Compared to August of last year, the rise in prices was 5.2%, and 0.2% in August compared to July.

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The report highlights the fact that house prices have recovered strongly after the falls they suffered in the second half of last year, explained Andrea de la Hoz, senior analyst at Tinsa’s Research Service.

According to the appraiser, the housing market is currently living “in a scenario of a sustained increase in prices, growing demand and limited supply”, which has caused “high inter-annual variation rates” in prices and “an upward trend. that is consolidated without setbacks month by month for the different geographic areas ”.

 



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