House price index

Posted by admin on Feb 20, 2012 in Blog | 0 comments

The General IMIE index ended the year with a year-on-year decline of 8.1%, one tenth of a point higher than last November, with the index at 1719 points.

The General Index slowed its rate of decline in the year-on-year figures for January, falling by 6.6% to 1714 points compared with 1719 points the previous month.

The cumulative decline from the top of the market in December 2007 reached exactly 25%, meaning that houses have lost one quarter of their value since the beginning of the crisis.

In terms of the performance of the different market segments, “Capitals and Major Cities” recorded the most pronounced decline again during January with 8.7%, followed by the municipalities on the “Mediterranean Coast” with 8.1%.

Next were the “Metropolitan Areas”, with a decline of 6.5% compared to the same month the previous year.

With regard to the cumulative decline from the top of the market at the end of 2007, the “Mediterranean Coast” recorded an overall decline of 33.1% to January, meaning that it has now lost one third of its value since the start of the crisis.