Asking prices down 9.5pc according to portal

Asking prices for Spanish homes fell 9.5pc over 12 months to the end of April, according to data from Idealista.com, a leading Spanish property portal.

Costa Blanca leads the way in sales to foreign buyers

The Spanish authorities, lead by the Valencian Region, are hoping that foreign buyers will take advantage of the market to invest in real estate and help reduce the stock of new homes for sale on the coast.

Euribor falling back towards record lows as credit crunch intensifies

The latest Spanish mortgage and Euribor news

Tecnocasa housing market report say prices down 41pc since peak

A new report on the Spanish housing market in 2011, prepared by Pompeu Fabra University and commissioned by the Tecnocasa propety group, finds that house prices have fallen 41pc since the peak.