Spanish property prices down just 6pc in 2009 says Government
Spanish property prices fell just 6.3% in 2009, the year of Spain’s monumental property crash, according to the latest figures from Ministry of Housing.
Tinsa property price index improvement loses steam in December
The Tinsa property price index for December shows average prices falling by 6.6% over the last 12 months, the same rate as which prices fell in the 12 months to November. Tinsa is one of the largest appraisal companies in Spain.
Tidal wave of repossessions in 2010
Spanish banks and cajas (savings banks) may have to deal with a tidal wave of repossessions this year, with big implications for the property market, according to a recent article in the Spanish daily Publico.
Official index suggests property prices have bottomed out
The official index of Spanish property prices, published quarterly by the National Institute of Statistics (INE), suggests that Spanish property prices may have bottomed out.
Engel & Völkers End of Year Market Review
- Increased movement and sales this Autumn – Price reductions flattening out – No price increases anticipated in 2010 – Key areas: Costa Brava, Canaries, Balearics & Barcelona
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