House prices in the Canary and Balearic Islands up 11.3% in November

Se vende

Average prices for both new build and second-hand homes in the Balearic and Canary islands grew by 11.3% in November compared with the same month last year, according to Tinsa, one of the leading real estate valuation services.

House prices increased by an average of 3.7% across Spain as a whole last month, in line with the year-to-date increase of 3.8%.

Only the island territories have seen an annual average increase of over 5% in 2019.

Average house prices in regional capitals and bigger cities have gone up by 4.6% and 2.5% respectively over the past year .

The Mediterranean coast on the other hand has seen a year-on-year rise of only 0.3%, lower than that seen in smaller towns or “remaining municipalities” where prices have risen by 1.3% over the past 12 months.

Compared with figures published at the end of 2018, house prices across Spain have gone up by an average of 2.4%.