Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

Spain Sees Increase of Property Prices in 4 Regions in Q3

Source: WSJ - Thu 28th Nov 2013
Spain Sees Increase of Property Prices in 4 Regions in Q3

The Spanish Central Government reported earlier on Thursday how 4 of the country's 17 regions reported an increase in property prices in Q3, compared to the same period last year. This news comes despite a decrease in property prices as a whole.

In a statement to the press, the Ministry of Development said property prices in Madrid - home to 10% of the Spanish population - increased 0.3% on the year.

The biggest increase, at 4.8%, was posted by the Balearic Islands, with Navarre and Extremadura also registering slight increases.

As far as the country as a whole is concerned, the ministry reported how property prices fell 4.5% on the year and by 0.5% from Q2. This is the slowest pace of decline since early 2011, when the country was sliding towards a double-dip recession that it only left behind in Q3.

According to the ministry's estimates - which are similar, yet not identical the INE's - Spanish property prices have fallen without interruption since Q2 of 2008, down by 29% overall.