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Housing prices fall 11.2% in July

 
The fall of housing prices drop in the month of July, going back down by 11.2%, opposite the 11.5% that the second quarter closed with, and this totals a descent of 31 since the maximum that was reached in December of 2007, according to the latest Tinsa report on local housing markets.
 
The majority of the territories followed this descending path, the most notable fall being that of the Balearic Islands and the Canary Islands, with a drop of 14%, followed by the capitals and the large cities (-11.8%) and the metropolitan areas (-11.6%).
 
 
Under the average we find the Mediterranean Coast, (-11%) and the rest of the municipalities, which registered the only drop under 10%, with a fall of 9.1%.
 
With respect to the accumulated setbacks by zone, since reaching their highest value, the Mediterranean Coast saw its drop in July situated at 37.2%, followed by the capitals and the big cities (-33.5%), metropolitan areas (-32.1%), the Balearic Islands and the Canary Islands (-29.2%), and the rest of the municipalities (-25.9%).
 
 

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