Tourism sets the pace for home purchases and prevents prices from relaxing in the areas with the greatest pull. The average value of new and used housing in Spain is 3.3% higher than a year before, after increasing 0.1% in the last quarter.
According to Tinsa appraisals, the Balearic Islands and Palma de Mallorca are the only Autonomous Autonomous Community and capital with a price level higher than that of the real estate boom. In up to 34 provinces the variation in housing values remained around 0% compared to last quarter of 2023. The provinces of Barcelona, Madrid and Barcelona registered slight adjustments of 0.0 to the national average.