In September, the average offer made online through the Spanish property portal idealista.com was 21.7pc below the asking price. Idealista offer a tool to research the difference between offers and asking prices by area.
Idealista allow house-hunters to make offers online, and have analysed more than 500,000 offers since January. The research reveals that January, March and September are the months with the greatest number of offers made by house-hunters, whilst June was the weakest month in terms of demand.
According to Fernando Encinar, head of research at Idealista.com, demand is strong but house-hunters “can’t afford asking prices and are making offers they can afford to try and close the sale.”
Idealista have a free tool that allows you to research the difference between offers and asking prices by region and month. Click here to use