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Spanish house prices fall further in September

Mon 17th Oct 2011

Earlier today TINSA produced an index of Spanish property prices, which have shown a general decline in house prices during September.

Statistics show how prices are now an average of 7.4% lower than they were in September of 2010, with properies in larger towns and cities suffering the biggest decline with falls of 8.9% and with the Costas seeing a 8.2% drop in prices.

The ever popular Canary and Balearic Islands saw prices fall by 'just' 6% year on year.

Since the crash of the property bubble in December of 2007, prices have now fallen by an average of 24%.

Certain areas have started to show the early stages of recovery, such as Alicante and Murcia, where increased infrastructure has made it easier for future visitors to travel to and from the area.

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