Beatriz Toribio: "The increases in house prices are reminiscent of those of the boom years, but we a

The House Price Index (IPV) corresponding to the third quarter of 2018 , published today by the National Institute of Statistics (INE), reflects an annual rise of 7.2%, in line with the upward trend of the last quarters.

" The housing market continues to make progress in its recovery and this has a direct impact on prices, which register percentage increases that we have not seen since the boom years, although prices continue at levels of the years 2012-2013," explains Beatriz. Toribio, Director of Studies at Fotocasa .

The average price of second-hand housing in Spain (1,861 € / m2) is still 37% below the maximum registered in April 2007 (2,952 € / m2), according to the latest data from the Fotocasa Real Estate Index , published by the Real estate portal for the month of November.

On the other hand, the INE data, like the Fotocasa Real Estate Index , show that the price of housing is very uneven according to the area. “The recovery shown by the different statistics is concentrated in the big squares, led by Madrid and Catalonia, where increases of over 10% have been a constant so far this year, followed by the Balearic and Canary Islands. In the rest of the country the behavior of prices has been more moderate, "adds Toribio.

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Looking ahead to 2019, Fotocasa believes that prices will continue to grow, "but at a more moderate rate than it has done this year as a result of the slowdown in economic growth indicated by the forecasts of different national and dragon quest builders 2 room recipes organizations and the Government itself "Concludes Beatriz Toribio.

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