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Spanish property prices fall 10%

20 May 2009

The average price of a property in Spain fell by 10.1% year-on-year to the end of April, according to the latest monthly Spanish property price index published by appraisal firm Tinsa.

The data shows that the worst price falls – 13.5% - were recorded for homes situated along the Spanish coastline, mainly due to the concentration of properties in those areas.

The second greatest fall in prices were recorded in large cities and provincial capitals, including Madrid and Barcelona, where prices fell by an average of 10.3%.

Residential values in the The Balearics and The Canaries dropped by 9.2%, while prices in suburbs fell by 9.2%.


See Also:   Spain


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