The “demand thermometer” tool from idealista.com, one of Spain’s leading property portals, allows us to see the difference between asking prices and what house-hunters are offering
On average, house-hunters offered 23pc less than asking prices in January, according to Idealista’s demand thermometer.
The biggest difference between asking prices and offers was in Malaga, home to the Costa del Sol, where house-hunters offered 29pc less than asking prices, followed by Soria (-28pc) and the Balearics (-27pc).
Differences of more than 25pc were also to be found in Girona (Costa Brava), Tarragona (Costa Dorada), Castellon (Costa Azahar), Murcia, and Almeria (Costa Calida), all popular locations with foreign holiday-home buyers.
So it seems there is still a big gulf between vendor expectations and what buyers are prepared to pay.