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Imie Index October 2013

The year-on-year decline in house prices is slowing, at 8.5% in October compared to 9.2% the month before”

Metropolitan Areas recorded the greatest year-on-year fall of 11.3%, compared to 15.6% in September. The Balearic and Canary Islands are still the areas with the least variation, with a 2.4% decrease.

The year-on-year decline in the IMIE General index slowed in October to 8.5% compared to 9.2% the previous month. The variation left the index at 1395 points. The cumulative decline since the peak of the market in December 2007 remained virtually unchanged at 38.9%.

 

 Index
October 2012

Index
October 2013

Year-on-Year Variation

 General

1525 1395  -8,5%

 Capitals & Large Cities

1522 1374 -9,7%

 Metropolitan Areas

1485

1317 -11,3%

 Mediterranean Coast

1559 1395 -10,5%

 Balearic & Canary Islands

1390 1357   -2,4%

Other Municipalities

1579 1483   -6,1%

By segment, the Metropolitan Areas of the major cities recorded the sharpest decline with a year-on-year fall of 11.3%, followed by the municipalities of the Mediterranean Coast where prices fell by 10.5%, and Capitals and Major Cities with a 9.7% decrease.

Evolución Índice General:evolution Imie index plot

On this occasion, Other Municipalities (those not included in the other segments) fell less than the average, by 6.1%, followed by the Balearic and Canary Islands with a drop of 2.4%.


year-on-year Imie evolution plot

In terms of overall declines to October since the peak of the market, the Mediterranean Coast has fallen by 46.1%, followed by Capitals and Major Cities with 43.5%, Metropolitan Areas with 42.1%, Other Municipalities with 31.6% and lastly the Balearic and Canary Islands with 28.5%.

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