Idealista House Price Index -6.1pc

Asking prices are down 6.1pc over 12 months to the end of Q3 according to idealista, one of Spain’s leading property portals.

On a quarterly basis, asking price barely budged, down just 0.5pc between June and September.

“Although there was a reduction in price falls during the third quarter, there are no signs to suggest a possible recovery in the market,” said Fernando Encinar, head of research at Idealista. “The medium and long term trend will continue down.”

By region, aking prices rose the most on a quarterly basis in The Canaries (+1.1pc), followed by Valencia (+1pc) and Asturias (+0.9pc). Prices fell the most in Aragon (-3pc), La Rioja (-2.5pc), and Andalucia (-1.6pc).

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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.