MADRID, 17 Abr. (EUROPA PRESS) -

The price of housing has risen 6% year-on-year in March 2023 in Spain, slowing its growth and remaining stable compared to the data for the month of February, according to the Tinsa IMIE General and Large Markets index.

In quarterly figures, the price of housing in the first three months of 2023 has been 6.4% higher than the previous year, despite the fact that the year-on-year growth rate is registering a "gradual slowdown" in all Spanish regions.

"The reduction in the purchasing power of households, the increase in the cost of financing and the tightening of the criteria for granting loans moderate demand", pointed out the director of the Tinsa Research Service, Cristina Arias, explaining the moderation in prices .

By regions, the metropolitan areas and the capitals and large cities registered the highest increases in March 2023, with prices 8.2% and 6.1% higher than those of the previous year, respectively.

As has happened with the general index, the year-on-year variation in prices has been contained in these regions due to the stagnation registered in recent months, since the monthly variation in March was less than 0.2% in both metropolitan areas and in capitals and large cities.

Behind in year-on-year price growth were the smaller municipalities (5.1%), the islands (4%) and the towns on the Mediterranean coast (2.7%). In the latter region, house prices fell by 0.6% in March compared to the previous month.