More about the Tinsa IMIE General Monthly Index
In 2008, Tinsa by Accumin pioneered the creation of an index that tracks changes in the value of residential properties in Spain: the IMIE General and Major Markets.
Tinsa’s vast database, comprising more than 6 million homes, combined with its technological capabilities and significant mercado share mercado the Appraisal sector Appraisal Spain, produces an index that accurately reflects mercado conditions mercado the utmost rigor and independence.
Tinsa by Accumin’s IMIE contributes to transparency and understanding of mercado , and provides an indicator that has proven to be relevant for understanding some of the economic dynamics of recent decades.
The IMIE General and Major Markets has established itself as a go-to source for national and international organizations, analysts, investors, rating agencies, the media, and financial and real estate professionals seeking to understand and illustrate the dynamics of mercado in Spain.
What is the Tinsa IMIE Index?
The Tinsa IMIE Index is the definitive tool for analyzing trends in the prices of completed housing (new and existing) in the mercado . Developed to strict quality standards, it provides key information in a transparent and independent manner.
This index is published monthly and serves as a benchmark for:
- Ongoing monitoring of mercado .
- Benchmark for fixed-income transactions.
- Analysis of real estate investments.
- Comparisons with indices from other economic sectors.
IMIE Geographic Areas
From the perspective of geographic stratification, the Tinsa IMIE General Index replaces traditional political-administrative boundaries (Autonomous Community, Province, and Capital) with six geographic groups that share similar characteristics and patterns.
The mercado housing mercado tends to be concentrated in large cities and their metropolitan areas—the hubs of modern economic activity—at the expense of rural areas. In addition, it features a large segment of second homes, primarily associated with coastal tourism and concentrated in the Mediterranean Arc and the islands.
Following these guidelines, Tinsa has divided the territory into five major zones:
- Capitals and major cities with more than 50,000 inhabitants.
- Metropolitan areas, consisting of the municipalities surrounding the aforementioned ones.
- The Mediterranean Coast, whose towns are located along the Mediterranean coastline and are closely associated with vacation rentals.
- The Balearic Islands and the Canary Islands, island regions with a mercado influenced by foreign demand.
- The remaining municipalities, as well as small and medium-sized towns in the interior of the peninsula and along the northern coast.
The definition of the zones is based on municipal boundaries, and they are mutually exclusive. Each zone has its own index, and their weighted average yields the overall index, which represents the mercado as a whole.
Key Features of the Tinsa IMIE Index
The Tinsa IMIE index reports have a number of key features:
- They track changes in the price per square meter of a Property.
- The data is based on the appraisals conducted by Tinsa nationwide for mortgage collateral purposes, which account for nearly a quarter of all such appraisals carried out each year in Spain.
- This methodology is endorsed by the European agencies Eurostat and the OECD. The information is based on data collected and verified by nearly 1,000 appraisers located throughout the country.
- It is published monthly.
- It is available to the public free of charge.
Do you need a mercado study? Tinsa has the largest database of verified real estate data in the country, with complete geographic coverage and for any type of property. Request your report at datasolutions@tinsa.es
