Official House Price Index: -5.6pc in Q3

Posted on October 24, 2011 by
Filed Under Property prices | Leave a Comment

Spanish house prices fell 5.6pc over 12 months to the end of Q3, according to the Official House Price Index from the Department of Housing.

Prices fell the most (-9.1pc) in Tarragona province (home to the Costa Dorada), followed by Madrid (-8.5pc) and Murcia (-8.3pc).

Prices rose in just 2 regions: Tenerife (Canary Islands) +1.7pc, and Extremadura +1pc.

In real terms (after adjusting for inflation of 3.1pc over the same period), house prices have fallen 8.7pc in a year.

The following table summarises the data for selected regions.

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