The price of housing is recovered in the coastal areas
ByThe Tinsa report,which focuses the analysis in coastal areas, showing a price rise on the previous year. The data indicate that the stock is very heterogeneous finding differences depending on the area.
As recorded edition‘Housingin Costa2016’ published by the Tinsa valuer, up 71 of the 136 municipalities analyzed on the coast showed in the first quarter of 2016 price increases year on year, compared with 35 of the 2015 and only four municipalities that were positive in the report 2014.
The costa del sol, Balearic and Canary Islands Alicante lead the recovery, while Castellon, the Cantabrian coast, Menorca and La Palma still immersed in an adjustment phase that cheapens even more so the price of these holiday buildings.
The municipalities of Teguise and Tías, in Lanzarote, consolidated in the first quarter of 2016 the highest price growth in annual rate, up from 17.8% and 14%, according to provisional data from Tinsa appraisals. The largest price declines have occurred in Piélagos (Cantabria), where the average value has fallen by 16% in the last twelve months, Antigua (Fuerteventura), with 12.6%, and Los Alcázares (Murcia), with a drop of 10.6%. They are followed in intensity Vinaròs (Castellón) adjustment, down from 10.2% last year, and Mojacar (Almeria), with 9.9%.
During the presentation Miguel Sanz manager of the valuer has given more importance the trend shown in the publication of face value purchase, downplaying the data, which although displayed more intensity, can confuse stakeholders.
in only 8 of the 55 areas the technical network of Tinsa is oversupply qualifies as «very abundant». The areas in question are located on the north coast of Castellón; La Manga; west