Spanish and Valencia property prices have made a small stop in the road and reduces the rate of increases that it had achieved in the previous quarters. According to the data of the Spanish Statistical Office (INE), in the first three months of the year the property prices have grown by 6.2% year-to-year, the most modest figure since last summer.
The slowdown has occurred in both new and second-hand homes. According to the statistics agency, new construction housing has risen by 5.7% compared with the first quarter of last year, while second-hand homes have risen by 6.3%. the decrease is 1.7 points and nine tenths, respectively.
The slowdown is not stopping the rise anyway. If you want to invest in Valencia properties, it is just now the best time before Valencia property prices reach a high level that commitment the yield of your investment.
The prices have had four years of consecutive increases, after staying more than five years in negative territory. In fact, between 2012 and 2013, in the worst moments of the real estate sector, double-digit drops were recorded. The biggest decrease occurred in the summer of 2012, when Spain was on the verge of international rescue, surpassing over -16%.
With these figures on the table, prices ended last year with the largest recovery in a decade, after rising 6.2% year-to-year. A percentage that has remained stable between January and March.
If we look at the data by autonomous regions, we discover that the largest obstacles have occurred in the community of Madrid, the Balearic Islands and Catalonia with decreases of 1.7, 1.6 and 1.6 points, respectively. They are precisely the autonomous regions that continue to lead the rise in the price of housing: in Madrid prices have risen by 10.2% year-to-year, while in Catalonia they have grown by 8.6% and in the Balearic Islands, an 8.2%. In turn, the autonomous regions that have experienced the most pronounced recoveries have been Cantabria (1.3 points), Murcia (0.8), Castilla-La Mancha (0.3) and Galicia (0.3).