How much have Spanish property prices actually fallen?

LoadingFavourite

This topic contains 0 replies, has 1 voice, and was last updated by Profile photo of Anonymous Anonymous 4 years, 10 months ago.

  • Author
    Posts
  • #56700
    Profile photo of Anonymous
    Anonymous
    Participant

    The big question is, how much have Spanish property prices actually fallen, peak to present?

    I’m talking about actual market prices – the prices at which properties actually sell today – not asking prices (vendor fantasies).

    Obviously nobody knows for sure, and there are no reliable statistics. So it’s just based on you personal experience, what you have seen.

    Feel free to qualify your answer with reference to location and type of property.

    So for example, I can say that middle / upper-middle class villas in the suburbs around Barcelona are down 50% or more. There are a number on the market for around 3 million, but the few that actually sell do so for 1.5 million. At the height of the boom they might have gone for 3.5 – 4 million. That’s just based on anecdotal evidence talking to agents.

    Mark

You must be logged in to reply to this topic.