April Imie Index 2012

House prices continue their decline in April

The IMIE General index declined by 12.5% in April, pushing the index down to 1603 points. The cumulative decline in house prices from the peak of the market in December 2007 rose to 29.8%.

In terms of the different segments, the municipalities of the “Mediterranean Coast” once again recorded the sharpest year-on-year decline during April with a fall of 14.3%, closely followed by “Capitals and Major Cities” which fell by 13.7% compared to the same month last year. In both cases the decline was higher than the market average.

General Index Evolution:

Below the market average were the “Balearic and Canary Islands” which fell by 12.3% year-on-year, followed by “Metropolitan Areas” with 12%; while the lowest declines were recorded by “Other Municipalities”, defined as those not included in the other segments, which recorded a fall of 10.6%.

Relative Year-on-Year Evolution:

In terms of cumulative declines from the top of the market by segment, the “Mediterranean Coast” was down by a total of 37% in April; followed by “Capitals and Major Cities” with 32.8%, “Metropolitan Areas” with 30.7%, “Balearic and Canary Islands” with 26.9% and lastly “Other Municipalities” with 24.2%.

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