Tinsa Spanish property price index -3.6pc in November
Posted on December 14, 2010 by Mark
Filed Under Property prices | 2 Comments
The rate of decline in Spanish property prices continues slowing down, according to this month’s Tinsa index.
On an annualised basis, prices were down 3.6pc in general, 4.7pc on the coast, and 5.5pc on the islands, say Tinsa, one of Spain’s leading appraisal companies.
After the latest declines, prices on the coast are now down 24.4pc at 1,959 €/m2 compared to their December 2007 peak of 2,590 €/m2.
On the other hand, prices on the coast rose by almost 2pc in November compared to the previous month, if Tinsa’s figures are to be believed. I find that difficult to believe.
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2 Responses to “Tinsa Spanish property price index -3.6pc in November”
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With such stats, it is never wise to take one month in isolation, particularly at present when volumes are so low. Last month, for example, was much worse than most had been expecting. If you average out the last three months it gives you a better picture.
what would happen,hypotheticaly,to the pound verses the peseta,if spain,for what ever reason,left the eurozone.potential benifit to british property owners,disaster, or little difference?