Tinsa Spanish property price index down 4.6pc


Average Spanish property prices fell 4.6% over 12 months to the end of August, according to Tinsa, one of Spain’s leading property appraisal companies.

After 9 months of trending towards smaller price declines, this is the second consecutive month in which the index shows price falls accelerating, from -4pc in June, to -4.6pc in August.

Why are price declines accelerating again? It might have something to do with the increase in sales taxes at the start of July. With taxes taking a bigger bite, vendors might be having to accept lower offers.

After the latest decline, property prices on the coast are now down 22pc since August 2007.

If you are interested, there is also a forum discussion of the latest Tinsa index.

The following table gives annualised price changes for selected regions.

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About Mark Stücklin

Mark Stücklin is a Barcelona-based property market analyst and consultant, and author of the 'Spanish Property Doctor' column in the Sunday Times (2005 - 2008). He can be reached by email on ms@spanishpropertyinsight.com.