The house price index published by the Government shows average house prices rising 1.4% over 12 months to September.
On a quarterly basis the index was essentially unchanged at 1,476 €/sqm.
Peak-to-present, property prices are down by 30%, according to this index published by the housing department of the Ministry of Public Works (Fomento).
This index first turned negative in December 2008 and went on to fall for 26 consecutive quarters, only returning to mildly positive territory in June this year.
In the context of the SPI House Price Index Tracker, which includes the seven most watched indices in Spain (see chart above), there seems to be some consensus that Spanish house prices are now positive but stable.