Resale asking prices were almost unchanged in January, according to the Spanish property portal Idealista.com.
The Idealista index, based on the asking prices of its resale listings, finished January at 1,597 €/sqm, up from 1,592 €/sqm a year ago – an increase of just 0.3%. On a monthly basis the index was up 2.1%.
In the context of the SPI House Price Index Tracker (see chart above), which includes seven of the most widely-watched indices in Spain, the latest Idealista figure provides more evidence to suggest that the value of the Spanish property market as a whole has stopped declining, but there is little sign of strong recovery in the making, at least for the resale market.
Note there are always big variations in price change by region, so the average figure for the country as a whole is only useful from a macro-perspective, but not a good guide to price dynamics in local markets.